Shares of LyondellBasell Industries (NYSE:LYB - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $88.19 and last traded at $88.24, with a volume of 765625 shares traded. The stock had previously closed at $89.51.
Analyst Ratings Changes
Several brokerages have commented on LYB. Deutsche Bank Aktiengesellschaft increased their price objective on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a "hold" rating in a research note on Tuesday, August 6th. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, September 13th. Finally, Barclays cut their target price on LyondellBasell Industries from $101.00 to $99.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $106.33.
Get Our Latest Stock Report on LYB
LyondellBasell Industries Stock Performance
The company's 50-day moving average is $94.92 and its two-hundred day moving average is $96.75. The company has a market capitalization of $28.94 billion, a P/E ratio of 13.74, a PEG ratio of 1.32 and a beta of 1.07. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82.
LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm had revenue of $10.56 billion for the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the prior year, the firm earned $2.44 EPS. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts anticipate that LyondellBasell Industries will post 7.8 earnings per share for the current fiscal year.
LyondellBasell Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.03%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries's dividend payout ratio (DPR) is currently 82.84%.
Institutional Trading of LyondellBasell Industries
Several hedge funds and other institutional investors have recently bought and sold shares of LYB. CVA Family Office LLC grew its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in LyondellBasell Industries in the first quarter worth approximately $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the first quarter worth $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $30,000. Finally, Blue Trust Inc. raised its position in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company's stock worth $31,000 after acquiring an additional 227 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.
LyondellBasell Industries Company Profile
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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.
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