LyondellBasell Industries' (LYB) "Sell" Rating Reiterated at UBS Group

UBS Group restated their sell rating on shares of LyondellBasell Industries (NYSE:LYB - Free Report) in a research report sent to investors on Monday, MarketBeat Ratings reports. UBS Group currently has a $51.00 price objective on the specialty chemicals company's stock, down from their previous price objective of $76.00.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $60.00 price objective (down previously from $80.00) on shares of LyondellBasell Industries in a research report on Friday, April 4th. Barclays cut their target price on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Wells Fargo & Company decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, April 4th. The Goldman Sachs Group dropped their price objective 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, Royal Bank of Canada boosted their target price on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $76.50.

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LyondellBasell Industries Trading Up 4.8 %

LYB traded up $2.62 during trading on Monday, reaching $56.96. 5,782,137 shares of the stock traded hands, compared to its average volume of 2,410,330. 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 stock's 50-day moving average is $71.54 and its 200 day moving average is $78.46. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $107.02. The stock has a market capitalization of $18.42 billion, a PE ratio of 13.76, a P/E/G ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results 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 period in the prior year, the business posted $1.26 EPS. Equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 annualized dividend and a dividend yield of 9.41%. LyondellBasell Industries's payout ratio is currently 129.47%.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the acquisition, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Webster Bank N. A. raised its stake in shares of LyondellBasell Industries by 70.4% during the 4th 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 increased its position in shares of 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 buying an additional 295 shares during the period. Lazard Asset Management LLC lifted its stake in LyondellBasell Industries by 84.9% in the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock worth $34,000 after purchasing an additional 214 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in LyondellBasell Industries in the 4th quarter valued at $37,000. Finally, Covestor Ltd grew its position in shares of LyondellBasell Industries by 107.6% during the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company's stock valued at $41,000 after purchasing an additional 284 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

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.