LyondellBasell Industries (NYSE:LYB) had its price target decreased by Nomura from $91.00 to $85.00 in a research report released on Wednesday morning, AnalystRatings.com reports. Nomura currently has a neutral rating on the specialty chemicals company’s stock.

Other equities analysts have also recently issued reports about the stock. BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $90.00 to $88.00 and set a market perform rating for the company in a research report on Monday, August 5th. Zacks Investment Research cut shares of LyondellBasell Industries from a buy rating to a hold rating and set a $77.00 price objective for the company. in a research report on Tuesday, August 13th. Citigroup began coverage on shares of LyondellBasell Industries in a research report on Friday, July 12th. They set a neutral rating and a $92.00 price objective for the company. Deutsche Bank cut shares of LyondellBasell Industries from a buy rating to a hold rating and reduced their price objective for the stock from $100.00 to $94.00 in a research report on Monday, June 17th. Finally, Barclays reduced their price objective on shares of LyondellBasell Industries from $100.00 to $91.00 and set an overweight rating for the company in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $101.82.

Shares of NYSE LYB opened at $88.29 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.85 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $29.63 billion, a P/E ratio of 9.05, a P/E/G ratio of 0.96 and a beta of 1.31. LyondellBasell Industries has a 12 month low of $68.61 and a 12 month high of $106.61. The stock has a 50 day moving average of $77.37 and a 200-day moving average of $83.48.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.09). LyondellBasell Industries had a net margin of 9.83% and a return on equity of 35.20%. The business had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.26 billion. Analysts predict that LyondellBasell Industries will post 10.27 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, September 4th were issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date was Tuesday, September 3rd. LyondellBasell Industries’s dividend payout ratio is currently 37.27%.

In other news, major shareholder Ai Investments Holdings Llc bought 764,501 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $74.61 per share, with a total value of $57,039,419.61. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Bhavesh V. Patel bought 7,246 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were purchased at an average cost of $68.85 per share, with a total value of $498,887.10. The disclosure for this purchase can be found here. Insiders have bought 773,107 shares of company stock valued at $57,638,240 in the last three months. Insiders own 0.14% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of LYB. Cornerstone Advisors Inc. lifted its holdings in shares of LyondellBasell Industries by 18.9% during the first quarter. Cornerstone Advisors Inc. now owns 1,221 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 194 shares in the last quarter. First Mercantile Trust Co. lifted its holdings in shares of LyondellBasell Industries by 86.0% during the first quarter. First Mercantile Trust Co. now owns 1,525 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 705 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in LyondellBasell Industries by 36.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 57,715 shares of the specialty chemicals company’s stock valued at $4,853,000 after purchasing an additional 15,571 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in LyondellBasell Industries by 27.1% in the first quarter. Stratos Wealth Partners LTD. now owns 4,420 shares of the specialty chemicals company’s stock valued at $372,000 after purchasing an additional 942 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in LyondellBasell Industries by 10.6% in the first quarter. JPMorgan Chase & Co. now owns 831,537 shares of the specialty chemicals company’s stock valued at $69,917,000 after purchasing an additional 79,500 shares in the last quarter. 75.88% of the stock is owned by institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

See Also: Convertible Shares

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.