LyondellBasell Industries (NYSE:LYB) Given Average Recommendation of "Hold" by Analysts

LyondellBasell Industries (NYSE:LYB - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $100.56.

LYB has been the topic of several research reports. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a research note on Monday. Mizuho dropped their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating on the stock in a research report on Monday. Evercore ISI raised shares of LyondellBasell Industries to a "hold" rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday. Finally, Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating on the stock in a research note on Tuesday.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB traded up $1.18 during trading on Tuesday, reaching $85.37. The stock had a trading volume of 3,513,570 shares, compared to its average volume of 1,851,165. The business has a fifty day moving average price of $93.28 and a 200-day moving average price of $95.88. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a market cap of $27.75 billion, a PE ratio of 12.88, a PEG ratio of 1.64 and a beta of 1.08. LyondellBasell Industries has a 1-year low of $83.36 and a 1-year high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results 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 company had revenue of $10.33 billion for the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $2.46 EPS. On average, equities analysts forecast that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

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

Institutional Trading of LyondellBasell Industries

Several institutional investors and hedge funds have recently modified their holdings of LYB. State Board of Administration of Florida Retirement System grew its stake in LyondellBasell Industries by 8.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company's stock worth $26,512,000 after purchasing an additional 21,809 shares in the last quarter. Banco Santander S.A. acquired a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $3,607,000. Foresight Capital Management Advisors Inc. acquired a new position in LyondellBasell Industries during the 2nd quarter valued at approximately $1,416,000. PGGM Investments grew its stake in LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company's stock worth $2,119,000 after buying an additional 7,168 shares during the last quarter. Finally, Capital World Investors increased its position in LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company's stock worth $273,671,000 after buying an additional 600,554 shares during the period. Hedge funds and other institutional investors own 71.20% of the company's stock.

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.