LyondellBasell Industries (NYSE:LYB) Given Consensus Rating of "Hold" by Brokerages

Shares of LyondellBasell Industries (NYSE:LYB - Get Free Report) have been given an average recommendation of "Hold" by the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $94.33.

A number of analysts have recently issued reports on the stock. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Barclays dropped their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Mizuho decreased their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a research note on Monday, December 9th. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research report on Monday, November 4th.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the business's stock in a transaction on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now owns 18,175 shares of the company's stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds have recently made changes to their positions in the company. CVA Family Office LLC boosted its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares during the last quarter. Matrix Trust Co purchased a new stake in LyondellBasell Industries in the third quarter valued at $30,000. Rosenberg Matthew Hamilton grew its position in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock worth $30,000 after purchasing an additional 295 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries during the 3rd quarter valued at about $31,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of LyondellBasell Industries by 162.0% in the 3rd quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 290 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 0.9 %

Shares of LYB stock traded up $0.72 during trading hours on Friday, reaching $77.35. 1,866,485 shares of the stock were exchanged, compared to its average volume of 2,516,248. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. The firm has a market capitalization of $25.12 billion, a price-to-earnings ratio of 11.77, a price-to-earnings-growth ratio of 1.74 and a beta of 1.06. The company's 50-day moving average price is $77.63 and its 200-day moving average price is $88.41.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results 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 net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. During the same period in the prior year, the company posted $2.46 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.8 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.93%. LyondellBasell Industries's dividend payout ratio is presently 81.58%.

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.