Analysts Set LyondellBasell Industries (NYSE:LYB) Price Target at $103.82

Shares of LyondellBasell Industries (NYSE:LYB) have been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $103.82.

A number of equities analysts have issued reports on the company. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Barclays raised their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $107.00 price objective on shares of LyondellBasell Industries in a research report on Monday, February 5th.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On LyondellBasell Industries

Several large investors have recently bought and sold shares of the company. Spire Wealth Management raised its position in LyondellBasell Industries by 4.2% in the first quarter. Spire Wealth Management now owns 2,534 shares of the specialty chemicals company’s stock valued at $259,000 after purchasing an additional 102 shares during the last quarter. Lantz Financial LLC raised its position in LyondellBasell Industries by 3.6% in the first quarter. Lantz Financial LLC now owns 3,174 shares of the specialty chemicals company’s stock valued at $325,000 after purchasing an additional 109 shares during the last quarter. Mutual Advisors LLC raised its position in LyondellBasell Industries by 0.8% in the third quarter. Mutual Advisors LLC now owns 14,386 shares of the specialty chemicals company’s stock valued at $1,362,000 after purchasing an additional 111 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC raised its position in LyondellBasell Industries by 1.2% in the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 9,567 shares of the specialty chemicals company’s stock valued at $910,000 after purchasing an additional 114 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in shares of LyondellBasell Industries by 0.9% during the fourth quarter. Metis Global Partners LLC now owns 13,264 shares of the specialty chemicals company’s stock worth $1,261,000 after acquiring an additional 115 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $99.68 on Friday. The business’s 50-day simple moving average is $100.78 and its 200 day simple moving average is $96.41. The stock has a market cap of $32.44 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.24 and a beta of 1.19. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. During the same quarter last year, the business posted $1.29 EPS. LyondellBasell Industries’s quarterly revenue was down 6.6% on a year-over-year basis. As a group, research analysts anticipate that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 5.02%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.28%.

About LyondellBasell Industries

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.