LyondellBasell Industries (NYSE:LYB) Receives $96.27 Average Price Target from Brokerages

Shares of LyondellBasell Industries (NYSE:LYB - Get Free Report) have received an average recommendation of "Hold" from the fourteen research firms that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $96.27.

A number of brokerages have weighed in on LYB. Deutsche Bank Aktiengesellschaft reduced their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research report on Tuesday. The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Barclays decreased their target price on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Finally, Piper Sandler dropped their target price on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating on the stock in a report on Friday, November 8th.

LyondellBasell Industries Trading Up 0.1 %

Shares of LYB traded up $0.11 during trading hours on Wednesday, hitting $74.12. The stock had a trading volume of 1,016,383 shares, compared to its average volume of 2,995,792. LyondellBasell Industries has a 12-month low of $72.93 and a 12-month high of $107.02. The firm has a market cap of $24.07 billion, a P/E ratio of 11.28, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company's fifty day simple moving average is $82.56 and its 200 day simple moving average is $91.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm had revenue of $10.33 billion during the quarter, compared to analysts' expectations of $10.60 billion. During the same quarter last year, the business earned $2.46 earnings per share. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. Equities research analysts forecast that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.23%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is currently 81.58%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

Institutional Trading of LyondellBasell Industries

A number of institutional investors and hedge funds have recently made changes to their positions in LYB. CVA Family Office LLC boosted its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after purchasing an additional 159 shares during the period. Matrix Trust Co bought a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new position in shares of LyondellBasell Industries during the third quarter worth approximately $31,000. Fortitude Family Office LLC grew its holdings in LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 290 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC increased its position in LyondellBasell Industries by 58.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock valued at $53,000 after acquiring an additional 203 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.