Citigroup upgraded shares of LyondellBasell Industries (NYSE:LYB) from a neutral rating to a buy rating in a research report released on Monday morning, Marketbeat.com reports. The brokerage currently has $120.00 price objective on the specialty chemicals company’s stock.

Several other equities analysts also recently issued reports on LYB. Jefferies Group set a $88.00 price objective on shares of LyondellBasell Industries and gave the company a hold rating in a research note on Monday, August 21st. Cowen reaffirmed a hold rating and set a $90.00 price target on shares of LyondellBasell Industries in a research note on Monday, August 28th. ValuEngine raised shares of LyondellBasell Industries from a buy rating to a strong-buy rating in a research note on Wednesday, September 6th. Nomura reaffirmed a hold rating and set a $99.00 price target (up previously from $90.00) on shares of LyondellBasell Industries in a research note on Tuesday, September 26th. Finally, SunTrust Banks reaffirmed a hold rating and set a $96.00 price target (up previously from $90.00) on shares of LyondellBasell Industries in a research note on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $101.56.

LyondellBasell Industries (NYSE LYB) opened at $109.92 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. The stock has a market cap of $42,976.45, a P/E ratio of 11.27, a P/E/G ratio of 1.22 and a beta of 1.07. LyondellBasell Industries has a one year low of $78.01 and a one year high of $111.47.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.28%. The ex-dividend date was Monday, December 4th. LyondellBasell Industries’s payout ratio is currently 38.59%.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Fieldpoint Private Securities LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter worth $109,000. BDO Wealth Advisors LLC increased its position in shares of LyondellBasell Industries by 64.5% in the third quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock worth $177,000 after acquiring an additional 700 shares in the last quarter. WESPAC Advisors SoCal LLC increased its position in shares of LyondellBasell Industries by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 100 shares in the last quarter. Salem Investment Counselors Inc. increased its position in shares of LyondellBasell Industries by 80.0% in the third quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 800 shares in the last quarter. Finally, WFG Advisors LP increased its position in shares of LyondellBasell Industries by 66.4% in the second quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock worth $187,000 after acquiring an additional 883 shares in the last quarter. 73.94% of the stock is owned by 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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