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

Shares of LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) have been assigned an average rating of "Hold" from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $67.38.

A number of equities analysts recently issued reports on the company. Piper Sandler lowered their price target on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. Wall Street Zen cut shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Royal Bank Of Canada lifted their price target on shares of LyondellBasell Industries from $61.00 to $64.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 3rd. Bank Of America (Bofa) decreased their price objective on shares of LyondellBasell Industries from $56.00 to $55.00 in a research note on Monday, June 30th. Finally, Argus cut LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th.

LyondellBasell Industries Stock Down 2.3%

NYSE:LYB traded down $1.46 during midday trading on Friday, reaching $63.09. The company had a trading volume of 3,446,814 shares, compared to its average volume of 3,662,418. The stock's fifty day simple moving average is $58.86 and its 200-day simple moving average is $66.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. LyondellBasell Industries has a 12-month low of $51.11 and a 12-month high of $100.46. The firm has a market capitalization of $20.28 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 2.76 and a beta of 0.82.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). The firm had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.69 billion. LyondellBasell Industries had a net margin of 2.81% and a return on equity of 13.19%. LyondellBasell Industries's revenue for the quarter was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. On average, sell-side analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Monday, June 2nd were issued a dividend of $1.37 per share. This is a boost from LyondellBasell Industries's previous quarterly dividend of $1.34. This represents a $5.48 annualized dividend and a yield of 8.69%. The ex-dividend date of this dividend was Monday, June 2nd. LyondellBasell Industries's dividend payout ratio is currently 169.14%.

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYB. Proficio Capital Partners LLC purchased a new stake in LyondellBasell Industries during the fourth quarter worth about $3,760,000. GAMMA Investing LLC lifted its position in shares of LyondellBasell Industries by 56.7% during the 1st quarter. GAMMA Investing LLC now owns 3,015 shares of the specialty chemicals company's stock valued at $212,000 after acquiring an additional 1,091 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of LyondellBasell Industries by 28.3% during the 1st quarter. Farther Finance Advisors LLC now owns 9,168 shares of the specialty chemicals company's stock worth $642,000 after acquiring an additional 2,021 shares in the last quarter. Townsend & Associates Inc grew its holdings in shares of LyondellBasell Industries by 28.1% in the 1st quarter. Townsend & Associates Inc now owns 29,019 shares of the specialty chemicals company's stock worth $2,043,000 after acquiring an additional 6,371 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in LyondellBasell Industries during the first quarter worth $442,000. Institutional investors and hedge funds own 71.20% of the company's stock.

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.