Shares of LyondellBasell Industries NV (NYSE:LYB) have been given an average rating of “Hold” by the seventeen research firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $95.36.

LYB has been the subject of a number of research analyst reports. Bank of America Corporation cut shares of LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and reduced their price objective for the stock from $98.00 to $70.00 in a research report on Monday, May 8th. Vertical Research raised shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Tuesday, May 9th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $110.00 price objective on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. HSBC Holdings plc initiated coverage on shares of LyondellBasell Industries NV in a research report on Monday, June 26th. They set a “buy” rating and a $101.00 price objective for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $88.00 price objective on shares of LyondellBasell Industries NV in a research report on Friday, June 16th.

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In other news, Director Jagjeet S. Bindra sold 3,224 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total transaction of $287,580.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LYB. ProShare Advisors LLC grew its holdings in shares of LyondellBasell Industries NV by 14.2% during the first quarter. ProShare Advisors LLC now owns 69,666 shares of the specialty chemicals company’s stock worth $6,353,000 after purchasing an additional 8,641 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of LyondellBasell Industries NV by 258.1% during the first quarter. Acadian Asset Management LLC now owns 28,327 shares of the specialty chemicals company’s stock worth $2,583,000 after purchasing an additional 20,417 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of LyondellBasell Industries NV by 27.6% during the first quarter. Russell Investments Group Ltd. now owns 251,318 shares of the specialty chemicals company’s stock worth $22,923,000 after purchasing an additional 54,351 shares during the last quarter. Benedict Financial Advisors Inc. grew its holdings in shares of LyondellBasell Industries NV by 123.4% during the first quarter. Benedict Financial Advisors Inc. now owns 5,682 shares of the specialty chemicals company’s stock worth $518,000 after purchasing an additional 3,139 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its holdings in shares of LyondellBasell Industries NV by 107.1% during the first quarter. Hennessy Advisors Inc. now owns 58,400 shares of the specialty chemicals company’s stock worth $5,325,000 after purchasing an additional 30,200 shares during the last quarter. Institutional investors own 73.79% of the company’s stock.

LyondellBasell Industries NV (NYSE:LYB) traded up 0.62% during midday trading on Tuesday, hitting $90.25. 1,529,134 shares of the stock were exchanged. The company has a 50 day moving average price of $88.28 and a 200 day moving average price of $86.36. The firm has a market capitalization of $35.72 billion, a price-to-earnings ratio of 10.08 and a beta of 1.04. LyondellBasell Industries NV has a one year low of $74.02 and a one year high of $97.64.

LyondellBasell Industries NV (NYSE:LYB) last released its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, topping the Zacks’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.52 billion. During the same period in the previous year, the business posted $2.56 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. Equities analysts anticipate that LyondellBasell Industries NV will post $9.89 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.99%. The ex-dividend date is Friday, September 1st. LyondellBasell Industries NV’s payout ratio is 40.18%.

LyondellBasell Industries NV announced that its board has authorized a stock buyback program on Wednesday, May 24th that permits the company to buyback 1,000% of outstanding shares. This buyback authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

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