LyondellBasell Industries N.V. (NYSE:LYB) Given Average Rating of “Hold” by Brokerages

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have been given an average rating of “Hold” by the twenty-one ratings firms that are covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $71.9444.

LYB has been the topic of a number of recent research reports. Evercore lifted their target price on LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. JPMorgan Chase & Co. raised their price target on LyondellBasell Industries from $50.00 to $75.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Alembic Global Advisors lowered their price target on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research report on Thursday, July 2nd. The Goldman Sachs Group increased their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada decreased their target price on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a research note on Wednesday, July 1st.

LyondellBasell Industries Price Performance

Shares of LYB opened at $58.68 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $83.94. The stock has a market capitalization of $18.94 billion, a P/E ratio of -23.56, a P/E/G ratio of 0.20 and a beta of 0.32. The company has a 50 day moving average of $61.34 and a 200-day moving average of $63.51.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast that LyondellBasell Industries will post 8.57 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a $0.69 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.76 dividend on an annualized basis and a yield of 4.7%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -110.84%.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors and hedge funds have recently modified their holdings of LYB. Oxbow Advisors LLC bought a new position in shares of LyondellBasell Industries during the fourth quarter worth approximately $4,616,000. Wealth Enhancement Advisory Services LLC grew its holdings in LyondellBasell Industries by 32.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,986 shares of the specialty chemicals company’s stock valued at $2,633,000 after buying an additional 14,006 shares in the last quarter. Swedbank AB grew its holdings in LyondellBasell Industries by 16.0% in the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock valued at $10,510,000 after buying an additional 33,399 shares in the last quarter. Stanley Laman Group Ltd. increased its position in LyondellBasell Industries by 66.0% during the 4th quarter. Stanley Laman Group Ltd. now owns 53,423 shares of the specialty chemicals company’s stock worth $2,313,000 after buying an additional 21,235 shares during the period. Finally, Tejara Capital Ltd bought a new position in LyondellBasell Industries during the 4th quarter worth $1,425,000. 71.20% of the stock is owned by institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.