Shares of LyondellBasell Industries (NYSE:LYB – Get Free Report) have received an average rating of “Hold” from the eighteen brokerages that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $98.88.
A number of research firms have commented on LYB. Wells Fargo & Company upped their target price on shares of LyondellBasell Industries from $100.00 to $109.00 and gave the company an “overweight” rating in a research report on Tuesday, August 8th. SpectralCast reaffirmed a “maintains” rating on shares of LyondellBasell Industries in a research report on Thursday, June 29th. Royal Bank of Canada reduced their price target on shares of LyondellBasell Industries from $121.00 to $116.00 and set an “outperform” rating on the stock in a research report on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $100.00 price target on shares of LyondellBasell Industries in a research report on Wednesday, July 19th. Finally, KeyCorp increased their price target on shares of LyondellBasell Industries from $80.00 to $85.00 and gave the stock an “underweight” rating in a research report on Monday, August 7th.
Check Out Our Latest Stock Analysis on LyondellBasell Industries
Hedge Funds Weigh In On LyondellBasell Industries
Several hedge funds have recently added to or reduced their stakes in LYB. EverSource Wealth Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 11.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,008 shares of the specialty chemicals company’s stock valued at $93,000 after acquiring an additional 106 shares during the period. Blair William & Co. IL boosted its holdings in shares of LyondellBasell Industries by 1.0% in the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after acquiring an additional 107 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of LyondellBasell Industries by 0.5% during the second quarter. Quantinno Capital Management LP now owns 23,570 shares of the specialty chemicals company’s stock worth $2,165,000 after purchasing an additional 108 shares during the period. Commerce Bank lifted its holdings in shares of LyondellBasell Industries by 1.0% during the second quarter. Commerce Bank now owns 10,545 shares of the specialty chemicals company’s stock worth $968,000 after purchasing an additional 108 shares during the period. Finally, Coastal Investment Advisors Inc. lifted its holdings in shares of LyondellBasell Industries by 2.1% during the fourth quarter. Coastal Investment Advisors Inc. now owns 5,179 shares of the specialty chemicals company’s stock worth $430,000 after purchasing an additional 109 shares during the period. 70.58% of the stock is currently owned by hedge funds and other institutional investors.
LyondellBasell Industries Trading Down 1.5 %
Shares of LYB stock opened at $99.16 on Friday. The company’s 50-day moving average price is $92.63 and its 200-day moving average price is $92.80. The company has a current ratio of 1.81, a quick ratio of 1.07 and a debt-to-equity ratio of 0.79. The stock has a market cap of $32.15 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 2.58 and a beta of 1.22. LyondellBasell Industries has a twelve month low of $71.46 and a twelve month high of $101.30.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last announced its quarterly earnings results on Friday, August 4th. The specialty chemicals company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.14. LyondellBasell Industries had a net margin of 4.92% and a return on equity of 21.31%. The firm had revenue of $10.31 billion for the quarter, compared to analysts’ expectations of $10.79 billion. During the same quarter in the previous year, the company posted $5.19 EPS. The company’s revenue was down 30.5% compared to the same quarter last year. As a group, equities analysts predict that LyondellBasell Industries will post 8.16 earnings per share for the current year.
LyondellBasell Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Shareholders of record on Tuesday, May 30th were paid a $1.25 dividend. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.19. This represents a $5.00 annualized dividend and a yield of 5.04%. The ex-dividend date was Friday, May 26th. LyondellBasell Industries’s dividend payout ratio is currently 77.64%.
LyondellBasell Industries Company Profile
(Get Free Report
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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