LyondellBasell Industries (NYSE:LYB) Receives $89.17 Consensus Target Price from Brokerages

LyondellBasell Industries (NYSE:LYB - Get Free Report) has received an average rating of "Hold" from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $88.25.

LYB has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a report on Monday, November 4th. UBS Group cut 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, February 3rd. StockNews.com lowered shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut their price objective on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group cut their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a report on Thursday, December 12th.

LyondellBasell Industries Trading Up 0.7 %

Shares of LyondellBasell Industries stock traded up $0.50 on Thursday, hitting $76.74. 1,481,277 shares of the company traded hands, compared to its average volume of 2,739,539. The stock's 50 day moving average price is $75.60 and its 200-day moving average price is $85.77. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a market cap of $24.92 billion, a PE ratio of 18.54, a PEG ratio of 0.92 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data 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 quarter in the previous year, the business earned $1.26 EPS. Equities research analysts predict that LyondellBasell Industries will post 6.68 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed 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. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 6.98%. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

Institutional Investors Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in LyondellBasell Industries during the third quarter valued at $31,000. Webster Bank N. A. lifted its position in LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock valued at $26,000 after purchasing an additional 143 shares during the period. Rosenberg Matthew Hamilton lifted its position in LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new position in LyondellBasell Industries during the fourth quarter valued at $37,000. Finally, Fortitude Family Office LLC lifted its position in LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock valued at $45,000 after purchasing an additional 290 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.