LyondellBasell Industries (NYSE:LYB) Given New $85.00 Price Target at Morgan Stanley

LyondellBasell Industries (NYSE:LYB - Free Report) had its price objective decreased by Morgan Stanley from $90.00 to $85.00 in a research note released on Tuesday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the specialty chemicals company's stock.

A number of other brokerages also recently issued reports on LYB. Mizuho lowered their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a report on Monday, December 9th. UBS Group decreased their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a report on Monday. Piper Sandler reissued a "neutral" rating and set a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. The Goldman Sachs Group decreased their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating on the stock in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company's 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 Performance

Shares of LYB traded down $1.24 during trading hours on Tuesday, reaching $77.00. 3,072,954 shares of the company traded hands, compared to its average volume of 2,915,315. The stock has a market capitalization of $25.01 billion, a P/E ratio of 18.60, a P/E/G ratio of 5.11 and a beta of 1.05. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The business has a fifty day moving average price of $76.23 and a 200-day moving average price of $86.83. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 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 quarter last year, the firm earned $1.26 EPS. Equities analysts anticipate that LyondellBasell Industries will post 7.4 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 6.96%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 129.47%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, with a total value of $380,300.00. Following the transaction, the director now owns 18,175 shares of the company's stock, valued at approximately $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 at the SEC website. Corporate insiders own 0.11% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LYB. Petredis Investment Advisors LLC grew its holdings in shares of LyondellBasell Industries by 0.5% in the third quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company's stock valued at $2,215,000 after purchasing an additional 116 shares in the last quarter. Castleview Partners LLC grew its stake in shares of LyondellBasell Industries by 7.2% in the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company's stock worth $194,000 after acquiring an additional 136 shares in the last quarter. Webster Bank N. A. increased its position in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after acquiring an additional 143 shares during the period. Oliver Luxxe Assets LLC raised its stake in shares of LyondellBasell Industries by 0.7% in the third quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company's stock valued at $2,127,000 after acquiring an additional 146 shares in the last quarter. Finally, Cairn Investment Group Inc. boosted its stake in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock valued at $3,130,000 after buying an additional 155 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.