LyondellBasell Industries (NYSE:LYB) Receives Average Recommendation of “Hold” from Analysts

Shares of LyondellBasell Industries (NYSE:LYB) have received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $107.27.

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Wells Fargo & Company cut their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Finally, UBS Group lowered their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $94.04 on Monday. The company’s fifty day simple moving average is $96.23 and its 200-day simple moving average is $98.02. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a market cap of $30.62 billion, a PE ratio of 14.53, a P/E/G ratio of 1.28 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The company had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. During the same quarter in the previous year, the firm posted $2.44 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities research analysts anticipate that LyondellBasell Industries will post 8 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 5.70%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Heritage Wealth Advisors acquired a new position in shares of LyondellBasell Industries in the fourth quarter worth $27,000. Chilton Capital Management LLC purchased a new stake in shares of LyondellBasell Industries during the 1st quarter worth about $27,000. Gold Investment Management Ltd. acquired a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $28,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter valued at approximately $28,000. Finally, Blue Trust Inc. increased its holdings in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 227 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.