LyondellBasell Industries (NYSE:LYB) Hits New 52-Week Low Following Analyst Downgrade

Shares of LyondellBasell Industries (NYSE:LYB - Get Free Report) hit a new 52-week low on Tuesday after Wells Fargo & Company lowered their price target on the stock from $110.00 to $105.00. Wells Fargo & Company currently has an overweight rating on the stock. LyondellBasell Industries traded as low as $83.62 and last traded at $83.79, with a volume of 47447 shares trading hands. The stock had previously closed at $84.19.

A number of other equities analysts also recently weighed in on LYB. Royal Bank of Canada dropped their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating on the stock in a research note on Monday. UBS Group dropped their target price on LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 9th. Mizuho reduced their price target on LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a report on Monday. Barclays dropped their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $100.56.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norden Group LLC bought a new stake in LyondellBasell Industries in the first quarter valued at about $228,000. Private Advisor Group LLC raised its holdings in shares of LyondellBasell Industries by 12.0% in the 1st quarter. Private Advisor Group LLC now owns 11,711 shares of the specialty chemicals company's stock worth $1,198,000 after buying an additional 1,251 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of LyondellBasell Industries by 2.9% during the 1st quarter. Nordea Investment Management AB now owns 21,515 shares of the specialty chemicals company's stock worth $2,208,000 after buying an additional 601 shares during the period. Daiwa Securities Group Inc. boosted its stake in LyondellBasell Industries by 9.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 25,531 shares of the specialty chemicals company's stock valued at $2,611,000 after buying an additional 2,259 shares in the last quarter. Finally, Whittier Trust Co. grew its position in LyondellBasell Industries by 5.8% in the first quarter. Whittier Trust Co. now owns 5,520 shares of the specialty chemicals company's stock valued at $565,000 after acquiring an additional 304 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Up 1.4 %

The stock has a market capitalization of $27.75 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The firm has a 50 day simple moving average of $93.04 and a 200-day simple moving average of $95.77. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.46 EPS. On average, sell-side analysts forecast that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries's dividend payout ratio is presently 81.58%.

About LyondellBasell Industries

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.