LyondellBasell Industries N.V. (NYSE:LYB) Receives Average Rating of “Hold” from Analysts

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $55.4118.

A number of equities research analysts have recently weighed in on LYB shares. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. Citigroup cut their price objective on shares of LyondellBasell Industries from $47.00 to $43.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 19th. Mizuho decreased their target price on shares of LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday. Wall Street Zen downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, BMO Capital Markets reduced their price objective on shares of LyondellBasell Industries from $58.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday, November 12th.

Insider Activity at LyondellBasell Industries

In related news, EVP Kimberly A. Foley acquired 5,661 shares of the stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its holdings in LyondellBasell Industries by 2.4% during the 2nd quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock valued at $37,681,000 after purchasing an additional 15,264 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in LyondellBasell Industries by 62.2% in the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock worth $2,583,000 after purchasing an additional 16,234 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of LyondellBasell Industries by 375.1% during the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after purchasing an additional 14,217 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC increased its stake in shares of LyondellBasell Industries by 69.1% in the second quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 249,852 shares of the specialty chemicals company’s stock valued at $14,456,000 after buying an additional 102,140 shares in the last quarter. Finally, Norges Bank acquired a new position in LyondellBasell Industries during the 2nd quarter worth about $280,000,000. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Trading Down 1.5%

Shares of NYSE:LYB opened at $44.43 on Wednesday. The firm has a fifty day moving average of $45.63 and a two-hundred day moving average of $52.78. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $79.39. The firm has a market capitalization of $14.30 billion, a P/E ratio of -11.85 and a beta of 0.71.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. LyondellBasell Industries’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.88 earnings per share. On average, equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were given a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 12.3%. LyondellBasell Industries’s payout ratio is currently -146.13%.

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.