LyondellBasell Industries (NYSE:LYB) Upgraded to “Hold” at Evercore ISI

Evercore ISI upgraded shares of LyondellBasell Industries (NYSE:LYB) to a hold rating in a research report report published on Monday morning, Zacks.com reports.

Several other brokerages also recently issued reports on LYB. UBS Group lowered their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Barclays increased their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the company an equal weight rating in a research note on Monday, May 6th. BMO Capital Markets increased their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the company a market perform rating in a research note on Tuesday, April 30th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $117.00 to $110.00 and set an overweight rating for the company in a research note on Monday. Finally, Mizuho increased their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the company a neutral rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of $107.55.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $96.20 on Monday. The stock has a fifty day moving average of $95.76 and a 200-day moving average of $98.09. The stock has a market capitalization of $31.32 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 earnings per share. On average, sell-side analysts expect that LyondellBasell Industries will post 8.3 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, June 3rd were paid a $1.34 dividend. The ex-dividend date was Monday, June 3rd. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a dividend yield of 5.57%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 82.84%.

Institutional Trading of LyondellBasell Industries

Several large investors have recently made changes to their positions in the company. McIlrath & Eck LLC increased its holdings in LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after purchasing an additional 141 shares in the last quarter. Heritage Wealth Advisors purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $27,000. Chilton Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $27,000. Gold Investment Management Ltd. purchased a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $28,000. Finally, Beacon Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $28,000. 71.20% of the stock is currently 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.