LyondellBasell Industries N.V. (NYSE:LYB) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• LyondellBasell has a consensus “Hold” rating among 21 analysts, with four sells, seven holds, nine buys and one strong buy. The average 12-month price target is $72.56, versus a reported share price of $64.33.
• Institutional investors own approximately 71.2% of the company, with major holders including BlackRock, California State Teachers Retirement System and Capital Research Global Investors increasing their positions.
• The company reported quarterly EPS of $4.30, beating estimates of $3.44, while revenue reached $9.18 billion. LyondellBasell also maintains a quarterly dividend of $0.69, equivalent to a 4.3% annualized yield.

Shares of LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) have been given a consensus rating of "Hold" by the twenty-one ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $72.5556.

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised shares of LyondellBasell Industries from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. Wall Street Zen downgraded shares of LyondellBasell Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 5th. Evercore raised their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. BMO Capital Markets boosted their price target on shares of LyondellBasell Industries from $64.00 to $68.00 and gave the stock a "market perform" rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada upped their price objective on shares of LyondellBasell Industries from $65.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 5th.

Institutional Trading of LyondellBasell Industries

Hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System increased its stake in shares of LyondellBasell Industries by 5,280.5% during the 2nd quarter. California State Teachers Retirement System now owns 15,773,782 shares of the specialty chemicals company's stock worth $830,490,000 after purchasing an additional 15,480,616 shares during the last quarter. Capital Research Global Investors grew its holdings in LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company's stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the period. BlackRock Inc. increased its position in LyondellBasell Industries by 16.7% in the second quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company's stock worth $1,542,585,000 after buying an additional 4,185,571 shares during the last quarter. AQR Capital Management LLC increased its position in LyondellBasell Industries by 512.9% in the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company's stock worth $133,941,000 after buying an additional 2,588,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company's stock valued at $63,114,000 after buying an additional 1,431,334 shares during the period. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Down 0.3%

LYB opened at $64.33 on Friday. The company has a fifty day moving average of $61.52 and a 200-day moving average of $66.00. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $83.94. The stock has a market cap of $20.78 billion, a PE ratio of -56.93, a price-to-earnings-growth ratio of 0.18 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period last year, the business posted $0.62 EPS. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, sell-side analysts predict that LyondellBasell Industries will post 9.2 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were issued a $0.69 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. LyondellBasell Industries's dividend payout ratio is currently -244.25%.

About LyondellBasell Industries

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.

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