UBS Group Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB - Free Report) had its target price trimmed by UBS Group from $77.00 to $76.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company's stock.

Other research analysts have also recently issued reports about the stock. Piper Sandler restated a "neutral" rating and set a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. The Goldman Sachs Group reduced their target price on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a report on Thursday, December 12th. StockNews.com lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. Morgan Stanley reduced their price objective on LyondellBasell Industries from $110.00 to $90.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Finally, Mizuho lowered their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $89.17.

LyondellBasell Industries Stock Up 1.0 %

Shares of NYSE:LYB traded up $0.74 during midday trading on Monday, hitting $77.73. 2,049,994 shares of the company's stock were exchanged, compared to its average volume of 2,846,378. The company has a market cap of $25.24 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. LyondellBasell Industries has a 12 month low of $72.21 and a 12 month high of $107.02. The stock has a 50 day moving average price of $76.11 and a 200-day moving average price of $86.76.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period in the previous year, the firm posted $1.26 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 7.4 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm's stock in a transaction dated 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 owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LyondellBasell Industries

Institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC bought a new position in shares of LyondellBasell Industries in the second quarter worth approximately $2,294,000. Massmutual Trust Co. FSB ADV increased its holdings in shares of LyondellBasell Industries by 25.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company's stock worth $58,000 after buying an additional 122 shares during the last quarter. Czech National Bank lifted its holdings in shares of LyondellBasell Industries by 8.1% during the 3rd quarter. Czech National Bank now owns 52,979 shares of the specialty chemicals company's stock worth $5,081,000 after acquiring an additional 3,960 shares during the last quarter. Kwmg LLC grew its position in LyondellBasell Industries by 2.0% in the third quarter. Kwmg LLC now owns 54,848 shares of the specialty chemicals company's stock worth $5,260,000 after acquiring an additional 1,101 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. increased its stake in LyondellBasell Industries by 32.6% in the third quarter. Foresight Capital Management Advisors Inc. now owns 19,634 shares of the specialty chemicals company's stock valued at $1,883,000 after acquiring an additional 4,827 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

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.