Brokerages Set LyondellBasell Industries N.V. (NYSE:LYB) PT at $63.46

Key Points

• LyondellBasell Industries has received a consensus recommendation of "Hold" from 14 brokerages, with price targets ranging from $52.00 to $67.00.
• The company reported $0.62 EPS for its latest quarter, missing estimates by $0.25, while revenue decreased by 11.8% from the previous year.
• LyondellBasell declared a $1.37 quarterly dividend, yielding approximately 11.1%, with a significant payout ratio of 711.69%.

LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) has received an average recommendation of "Hold" from the fourteen research firms that are covering the stock, Marketbeat 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 assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $63.0769.

Several research analysts have commented on LYB shares. BMO Capital Markets dropped their price objective on shares of LyondellBasell Industries from $60.00 to $58.00 and set a "market perform" rating for the company in a research note on Wednesday. Barclays dropped their price objective on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Wall Street Zen lowered shares of LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Argus downgraded LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, UBS Group decreased their price objective on LyondellBasell Industries from $49.00 to $44.00 and set a "sell" rating for the company in a report on Thursday.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 3,502.2% in the first quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company's stock valued at $141,893,000 after buying an additional 1,959,576 shares during the last quarter. Ensign Peak Advisors Inc raised its position in shares of LyondellBasell Industries by 207.8% in the fourth quarter. Ensign Peak Advisors Inc now owns 2,254,589 shares of the specialty chemicals company's stock valued at $167,448,000 after buying an additional 1,522,043 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of LyondellBasell Industries by 137.9% in the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company's stock worth $123,907,000 after acquiring an additional 1,020,169 shares during the last quarter. Dodge & Cox increased its stake in shares of LyondellBasell Industries by 5.3% in the 4th quarter. Dodge & Cox now owns 16,965,832 shares of the specialty chemicals company's stock worth $1,260,052,000 after acquiring an additional 851,365 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of LyondellBasell Industries by 13.5% in the 4th quarter. Invesco Ltd. now owns 5,826,318 shares of the specialty chemicals company's stock worth $432,721,000 after acquiring an additional 694,055 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Price Performance

LYB traded down $1.13 during trading hours on Thursday, hitting $49.04. The company's stock had a trading volume of 3,648,130 shares, compared to its average volume of 5,260,149. The business's 50-day moving average price is $59.46 and its 200-day moving average price is $64.43. LyondellBasell Industries has a 12 month low of $48.90 and a 12 month high of $99.36. The stock has a market cap of $15.77 billion, a price-to-earnings ratio of 63.69, a P/E/G ratio of 3.25 and a beta of 0.85. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing the consensus estimate 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%. The company's revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.24 EPS. Sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Monday, August 25th will be issued a $1.37 dividend. The ex-dividend date is Monday, August 25th. This represents a $5.48 dividend on an annualized basis and a yield of 11.2%. LyondellBasell Industries's dividend payout ratio (DPR) 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.