Shares of LyondellBasell Industries NV (NYSE:LYB) have been assigned an average rating of “Hold” from the twenty research firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $99.88.

A number of analysts have commented on LYB shares. Royal Bank Of Canada increased their price objective on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, October 31st. Cowen increased their price objective on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Monday, October 16th. SunTrust Banks reiterated a “hold” rating and issued a $96.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries in a report on Saturday, September 30th. UBS increased their price objective on shares of LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st.

LyondellBasell Industries (NYSE:LYB) traded up $0.63 during mid-day trading on Thursday, reaching $107.14. 1,713,208 shares of the company’s stock were exchanged, compared to its average volume of 1,743,361. The firm has a market cap of $42,262.44, a P/E ratio of 11.08, a price-to-earnings-growth ratio of 1.20 and a beta of 1.07. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. LyondellBasell Industries has a 12 month low of $78.01 and a 12 month high of $107.83.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.36%. LyondellBasell Industries’s dividend payout ratio is currently 38.59%.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $109,000. BDO Wealth Advisors LLC boosted its position in shares of LyondellBasell Industries by 64.5% during the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock worth $177,000 after purchasing an additional 700 shares during the period. Salem Investment Counselors Inc. boosted its position in shares of LyondellBasell Industries by 80.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 800 shares during the period. Seven Bridges Advisors LLC boosted its position in shares of LyondellBasell Industries by 32.8% during the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after purchasing an additional 478 shares during the period. Finally, Vicus Capital purchased a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $203,000. 74.29% of the stock is owned by hedge funds and other institutional investors.

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About LyondellBasell Industries

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 (NYSE:LYB)

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