LyondellBasell Industries N.V. (NYSE:LYB) Given Consensus Rating of "Hold" by Analysts

Key Points

• LyondellBasell Industries N.V. has received a consensus rating of "Hold" from analysts, with a target price averaging $64.00.
• The company reported Q2 earnings per share of $0.62, missing estimates by 25 cents, while its revenue decreased by 11.8% year-over-year.
• LyondellBasell recently paid a $1.37 quarterly dividend, yielding 11.2%, although the company has a high payout ratio of 711.69%.

LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) has earned a consensus recommendation of "Hold" from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $64.00.

LYB has been the topic of a number of research analyst reports. Argus lowered LyondellBasell Industries from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Citigroup dropped their target price on LyondellBasell Industries from $56.00 to $53.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Rothschild & Co Redburn cut their target price on LyondellBasell Industries from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Friday, September 12th. Mizuho upped their target price on LyondellBasell Industries from $65.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, Evercore ISI cut their target price on LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating for the company in a research note on Tuesday.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $48.97 on Friday. The firm has a market capitalization of $15.75 billion, a P/E ratio of 63.60 and a beta of 0.85. The company has a quick ratio of 1.04, a current ratio of 1.77 and a debt-to-equity ratio of 0.94. The stock's 50-day simple moving average is $55.25 and its two-hundred day simple moving average is $59.07. LyondellBasell Industries has a twelve month low of $47.55 and a twelve month high of $97.60.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.25). The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.LyondellBasell Industries's revenue was down 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.24 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th were paid a $1.37 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a yield of 11.2%. LyondellBasell Industries's dividend payout ratio is currently 711.69%.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries 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 stock was sold at an average price of $53.57, for a total value of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares of the company's stock, valued at $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors have recently bought and sold shares of the stock. Rossby Financial LCC purchased a new stake in LyondellBasell Industries during the 1st quarter valued at about $25,000. JFS Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after acquiring an additional 310 shares during the period. Investment Management Corp VA ADV boosted its holdings in LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock valued at $29,000 after acquiring an additional 261 shares during the period. MTM Investment Management LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $26,000. Finally, Parvin Asset Management LLC purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at about $26,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.