Analysts Set LyondellBasell Industries N.V. (NYSE:LYB) Price Target at $63.08

Key Points

• LyondellBasell Industries has received an average recommendation of "Hold" from fourteen analysts, with two recommending sell, nine hold, two buy, and one strong buy.
• The company's stock recently reported a quarterly EPS of $0.62, missing estimates by $0.25, and revenues of $7.66 billion, slightly exceeding expectations.
• LyondellBasell has declared a $1.37 quarterly dividend, reflecting an annualized yield of 9.7%, with a high dividend payout ratio of 711.69%.

LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) has been assigned an average rating of "Hold" from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $63.0769.

Several equities analysts have commented on the stock. Mizuho raised their price target on shares of LyondellBasell Industries from $65.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Citigroup decreased their price target on shares of LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Argus cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. BMO Capital Markets decreased their price target on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada decreased their price target on shares of LyondellBasell Industries from $64.00 to $54.00 and set a "sector perform" rating for the company in a research report on Tuesday, August 5th.

Insider Buying and Selling at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the sale, the chief executive officer directly owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On LyondellBasell Industries

Several institutional investors have recently added to or reduced their stakes in the business. Dodge & Cox lifted its stake in LyondellBasell Industries by 0.4% during the second quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company's stock worth $981,884,000 after purchasing an additional 73,965 shares during the last quarter. State Street Corp raised its stake in LyondellBasell Industries by 4.1% during the 2nd quarter. State Street Corp now owns 12,915,151 shares of the specialty chemicals company's stock valued at $747,271,000 after acquiring an additional 514,057 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in LyondellBasell Industries by 2.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,476,600 shares of the specialty chemicals company's stock valued at $548,316,000 after acquiring an additional 237,038 shares during the last quarter. Geode Capital Management LLC raised its stake in LyondellBasell Industries by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 6,824,462 shares of the specialty chemicals company's stock valued at $395,486,000 after acquiring an additional 24,161 shares during the last quarter. Finally, Invesco Ltd. raised its stake in LyondellBasell Industries by 10.4% during the 1st quarter. Invesco Ltd. now owns 6,432,552 shares of the specialty chemicals company's stock valued at $452,852,000 after acquiring an additional 606,234 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 0.5%

Shares of LyondellBasell Industries stock traded up $0.27 on Monday, reaching $54.46. The company had a trading volume of 2,209,388 shares, compared to its average volume of 3,912,560. The firm's 50 day moving average price is $58.15 and its two-hundred day moving average price is $61.66. The firm has a market cap of $17.52 billion, a PE ratio of 70.82 and a beta of 0.85. LyondellBasell Industries has a 52-week low of $47.55 and a 52-week high of $97.60. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. LyondellBasell Industries's revenue was down 11.8% on a year-over-year basis. During the same period last year, the firm posted $2.24 earnings per share. Sell-side analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 10.1%. The ex-dividend date was Monday, August 25th. LyondellBasell Industries's dividend payout ratio is presently 711.69%.

About LyondellBasell Industries

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.