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

Key Points

• Analysts have a consensus “Hold” rating on LyondellBasell, with nine buys, eight holds, three sells and one strong buy among 21 brokerages. The average 12-month price target is approximately $72.56, versus the stock’s reported price of $63.76.
• LyondellBasell reported quarterly EPS of $4.30, beating the $3.44 consensus estimate, while revenue of $9.18 billion was slightly below expectations and rose 19.8% year over year.
• The company declared a quarterly dividend of $0.69 per share, equivalent to $2.76 annually and a reported 4.3% yield; institutional investors and hedge funds own 71.2% of the stock.

Shares of LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) have earned a consensus recommendation of "Hold" from the twenty-one brokerages that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $72.5556.

A number of equities research analysts have commented on LYB shares. JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $75.00 to $80.00 in a report on Monday, August 3rd. Mizuho upped their price objective on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. The Goldman Sachs Group increased their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a "sell" rating in a research report on Monday, May 4th. Alembic Global Advisors reduced their target price on LyondellBasell Industries from $95.00 to $83.00 and set an "overweight" rating for the company in a research note on Thursday, July 2nd. Finally, Weiss Ratings raised LyondellBasell Industries from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, August 3rd.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors have recently modified their holdings of LYB. Banque Cantonale Vaudoise acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $48,000. Quarry LP acquired a new position in LyondellBasell Industries during the third quarter worth $31,000. Clearstead Advisors LLC lifted its stake in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company's stock valued at $29,000 after buying an additional 390 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of LyondellBasell Industries during the second quarter valued at about $39,000. Finally, Kelleher Financial Advisors grew its holdings in shares of LyondellBasell Industries by 4,112.5% during the second quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company's stock valued at $35,000 after buying an additional 658 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $63.76 on Monday. The stock has a market capitalization of $20.60 billion, a price-to-earnings ratio of -56.42, a PEG ratio of 0.17 and a beta of 0.31. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. The stock's 50 day moving average price is $59.37 and its two-hundred day moving average price is $64.65.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the previous year, the business posted $0.62 EPS. LyondellBasell Industries's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries will post 9.39 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend is Monday, August 24th. LyondellBasell Industries's dividend payout ratio (DPR) is -244.25%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company's integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.

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