Analysts Set LyondellBasell Industries N.V. (NYSE:LYB) Target Price at $51.12

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned an average recommendation of “Reduce” from the twenty-three brokerages that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, seventeen have given a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $51.1176.

LYB has been the topic of several research analyst reports. Royal Bank Of Canada boosted their target price on shares of LyondellBasell Industries from $49.00 to $51.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective for the company. in a report on Wednesday, January 7th. Wells Fargo & Company raised their price objective on LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research report on Monday, November 3rd. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $57.51 on Monday. The company has a market capitalization of $18.53 billion, a price-to-earnings ratio of -24.68, a PEG ratio of 0.40 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The stock’s 50-day simple moving average is $50.94 and its 200-day simple moving average is $49.46. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $78.41.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same period last year, the business posted $0.75 EPS. The firm’s revenue for the quarter was down 9.2% compared to the same quarter last year. As a group, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.8%. The ex-dividend date is Monday, March 2nd. LyondellBasell Industries’s payout ratio is currently -235.19%.

Hedge Funds Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of LyondellBasell Industries by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock valued at $1,518,546,000 after acquiring an additional 84,251 shares during the last quarter. Dodge & Cox raised its position in LyondellBasell Industries by 0.4% during the second quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock valued at $981,884,000 after purchasing an additional 73,965 shares during the period. State Street Corp lifted its stake in shares of LyondellBasell Industries by 2.7% in the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after purchasing an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of LyondellBasell Industries by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock worth $437,420,000 after purchasing an additional 399,130 shares during the period. Finally, Capital World Investors increased its position in shares of LyondellBasell Industries by 0.4% during the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after purchasing an additional 36,187 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other 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.