LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $90.00 at Morgan Stanley

LyondellBasell Industries (NYSE:LYB) had its price target decreased by Morgan Stanley from $110.00 to $90.00 in a research report released on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the specialty chemicals company’s stock.

LYB has been the topic of a number of other research reports. Royal Bank of Canada lowered their price target on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. JPMorgan Chase & Co. reduced their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, December 6th. The Goldman Sachs Group lowered 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 report on Thursday, December 12th. Wells Fargo & Company cut their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, December 10th. Finally, Piper Sandler restated a “neutral” rating and set a $95.00 price target (down from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.33.

LyondellBasell Industries Trading Up 3.6 %

LyondellBasell Industries stock opened at $75.09 on Monday. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The firm’s 50 day moving average price is $78.41 and its two-hundred day moving average price is $88.89. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period last year, the firm earned $2.46 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts predict that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.14%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s payout ratio is 81.58%.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CVA Family Office LLC raised its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co bought a new stake in shares of LyondellBasell Industries in the third quarter valued at about $30,000. Ashton Thomas Securities LLC acquired a new stake in LyondellBasell Industries during the third quarter worth about $31,000. Fortitude Family Office LLC increased its stake in LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after acquiring an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC raised its holdings in LyondellBasell Industries by 58.0% in the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 203 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.