LyondellBasell Industries N.V. (NYSE:LYB) Receives Average Recommendation of “Reduce” from Brokerages

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have earned a consensus rating of “Reduce” from the twenty-two brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $53.3333.

Several equities analysts have recently commented on LYB shares. Bank of America lowered their price target on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. Mizuho reduced 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 note on Thursday, December 11th. Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Finally, The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a report on Friday, October 17th.

Insiders Place Their Bets

In related news, EVP Kimberly A. Foley bought 5,661 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This represents a 9.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Trading of LyondellBasell Industries

A number of institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position 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 worth $37,681,000 after acquiring an additional 15,264 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of 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 boosted 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 period. Allen Mooney & Barnes Investment Advisors LLC grew its position in LyondellBasell Industries by 69.1% during 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 purchasing an additional 102,140 shares in the last quarter. Finally, Norges Bank acquired a new position in LyondellBasell Industries in the 2nd quarter valued at approximately $280,000,000. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 6.1%

Shares of LyondellBasell Industries stock opened at $47.66 on Friday. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of -12.71 and a beta of 0.70. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $79.39. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The business’s 50 day simple moving average is $44.51 and its 200-day simple moving average is $50.97.

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

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s payout ratio is currently -146.13%.

LyondellBasell Industries Company Profile

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.