LyondellBasell Industries (NYSE:LYB) Receives $107.27 Consensus Target Price from Analysts

LyondellBasell Industries (NYSE:LYB) has earned a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $107.27.

Several research firms have recently issued reports on LYB. Deutsche Bank Aktiengesellschaft increased their target price on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. UBS Group cut their target price on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company decreased their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $94.04 on Monday. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $30.62 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 1.28 and a beta of 1.07. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02. The company has a 50-day simple moving average of $96.23 and a two-hundred day simple moving average of $97.98.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.44 earnings per share. Analysts forecast that LyondellBasell Industries will post 8 EPS for the current year.

LyondellBasell Industries Announces Dividend

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. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 5.70%. LyondellBasell Industries’s payout ratio is presently 82.84%.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Norden Group LLC acquired a new stake in LyondellBasell Industries during the 1st quarter worth approximately $3,686,000. Sound Income Strategies LLC grew its stake in shares of LyondellBasell Industries by 9.3% in the first quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock worth $22,679,000 after purchasing an additional 18,901 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings 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 valued at $26,512,000 after purchasing an additional 21,809 shares during the period. Brevan Howard Capital Management LP increased its holdings in LyondellBasell Industries by 772.9% in the fourth quarter. Brevan Howard Capital Management LP now owns 20,914 shares of the specialty chemicals company’s stock valued at $1,989,000 after purchasing an additional 18,518 shares during the period. Finally, Banco Santander S.A. bought a new position in LyondellBasell Industries during the 1st quarter worth $3,607,000. 71.20% of the stock is currently owned by institutional investors.

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.