LyondellBasell Industries N.V. (NYSE:LYB) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Analysts hold a mixed view of LyondellBasell: Among 20 firms, nine rate the stock “hold,” six “buy,” four “sell,” and one “strong buy,” with an average 12-month price target of $72.06.
• LYB shares opened at $59.24, below their 50-day and 200-day moving averages, despite the company reporting quarterly EPS of $4.30—well above the $3.44 consensus estimate—and 19.8% year-over-year revenue growth.
• The company declared a quarterly dividend of $0.69, equivalent to an annualized $2.76 payout and a 4.7% yield; institutional investors own approximately 71.2% of the stock.

LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) has been given an average rating of "Hold" by the twenty ratings firms that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $72.06.

Several research firms have commented on LYB. UBS Group dropped their target price on shares of LyondellBasell Industries from $64.00 to $62.00 and set a "neutral" rating on the stock in a research report on Friday, September 25th. Wall Street Zen cut shares of LyondellBasell Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 5th. Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $65.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $75.00 to $80.00 in a report on Monday, August 3rd. Finally, Zacks Research cut shares of LyondellBasell Industries from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 1st.

LyondellBasell Industries Stock Up 1.1%

LyondellBasell Industries stock opened at $59.24 on Tuesday. The firm has a market capitalization of $19.14 billion, a price-to-earnings ratio of -52.43, a price-to-earnings-growth ratio of 0.15 and a beta of 0.30. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $83.94. The firm's fifty day moving average price is $62.42 and its two-hundred day moving average price is $65.61.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same period in the previous year, the company posted $0.62 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities research analysts predict that LyondellBasell Industries will post 9.09 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 24th were given a $0.69 dividend. The ex-dividend date was Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.7%. LyondellBasell Industries's payout ratio is presently -244.25%.

Institutional Investors Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently bought and sold shares of LYB. Banque Cantonale Vaudoise bought a new stake in LyondellBasell Industries during the 1st quarter valued at approximately $48,000. Kelleher Financial Advisors increased its stake in shares of LyondellBasell Industries by 4,112.5% in the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company's stock worth $35,000 after acquiring an additional 658 shares in the last quarter. Harbour Investments Inc. increased its stake in shares of LyondellBasell Industries by 74.7% in the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 378 shares in the last quarter. SHP Wealth Management purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $39,000. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $73,000. Hedge funds and other institutional investors own 71.20% of the company's stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company's products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.

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