LyondellBasell Industries (NYSE:LYB) Given New $104.00 Price Target at Barclays

LyondellBasell Industries (NYSE:LYB) had its price target lifted by Barclays from $100.00 to $104.00 in a report published on Monday, Benzinga reports. Barclays currently has an equal weight rating on the specialty chemicals company’s stock.

Several other research analysts have also commented on the company. Royal Bank of Canada raised their price target on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an outperform rating in a research report on Monday, April 29th. Wells Fargo & Company lifted their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Citigroup boosted their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a neutral rating in a research report on Wednesday, April 10th. Mizuho increased their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a neutral rating in a report on Monday, April 29th. Finally, BMO Capital Markets lifted their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a market perform rating in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of Hold and a consensus target price of $105.08.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded up $0.33 during trading on Monday, reaching $100.07. 31,846 shares of the company’s stock traded hands, compared to its average volume of 1,900,632. The firm has a market cap of $32.58 billion, a PE ratio of 15.42, a P/E/G ratio of 1.43 and a beta of 1.18. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The company has a 50-day simple moving average of $101.09 and a 200-day simple moving average of $96.79. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period last year, the firm posted $2.50 earnings per share. As a group, analysts predict that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 5.00%. LyondellBasell Industries’s payout ratio is 77.28%.

Insider Activity at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the sale, the executive vice president now directly owns 89,445 shares in the company, valued at $8,847,899.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the transaction, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value 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 $2,770,460.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Several large investors have recently modified their holdings of LYB. Valley National Advisers Inc. acquired a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $26,000. McIlrath & Eck LLC increased its stake in shares of LyondellBasell Industries by 100.7% in the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Heritage Wealth Advisors bought a new position in LyondellBasell Industries during the 4th quarter valued at $27,000. Finally, Gold Investment Management Ltd. bought a new position in shares of LyondellBasell Industries in the fourth quarter valued at $28,000. 71.20% of the stock is owned by institutional investors and hedge funds.

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.