LyondellBasell Industries (NYSE:LYB) Receives Average Rating of “Hold” from Brokerages

Shares of LyondellBasell Industries (NYSE:LYB) have been given an average rating of “Hold” by the twelve ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $101.11.

LYB has been the topic of a number of research reports. UBS Group reduced their price objective 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. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, August 5th. Royal Bank of Canada reduced their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday. Finally, Barclays cut their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LYB. Pacer Advisors Inc. raised its holdings in shares of LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors raised its stake 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 valued at $273,671,000 after buying an additional 600,554 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in LyondellBasell Industries by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after buying an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates raised its stake in LyondellBasell Industries by 0.4% in the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock valued at $87,512,000 after buying an additional 3,394 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $84.19 on Tuesday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. LyondellBasell Industries has a 52 week low of $84.04 and a 52 week high of $107.02. The firm has a market cap of $27.37 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.64 and a beta of 1.08. The business’s fifty day moving average is $93.28 and its two-hundred day moving average is $95.88.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.15). LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter last year, the company earned $2.46 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that LyondellBasell Industries will post 7.53 earnings per share 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 dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.37%. LyondellBasell Industries’s dividend payout ratio is presently 75.39%.

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.