LyondellBasell Industries (NYSE:LYB) Lowered to "Sell" Rating by StockNews.com

StockNews.com downgraded shares of LyondellBasell Industries (NYSE:LYB - Free Report) from a hold rating to a sell rating in a research report sent to investors on Monday morning.

Several other equities research analysts also recently issued reports on LYB. Morgan Stanley dropped their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Barclays lowered their price target on shares of LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 1st. Royal Bank of Canada cut shares of LyondellBasell Industries from an "outperform" rating to a "sector perform" rating and set a $62.00 price objective for the company. in a research note on Wednesday, April 9th. Piper Sandler decreased their target price on shares of LyondellBasell Industries from $84.00 to $67.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Stock Performance

LYB traded up $0.03 during trading hours on Monday, hitting $58.34. The stock had a trading volume of 3,085,240 shares, compared to its average volume of 2,531,201. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02. The company's fifty day simple moving average is $66.18 and its 200 day simple moving average is $74.97. The stock has a market cap of $18.83 billion, a PE ratio of 14.09, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.03). The business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. LyondellBasell Industries's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.53 EPS. Equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.19%. The ex-dividend date of this dividend was Monday, March 10th. LyondellBasell Industries's payout ratio is currently 165.43%.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley purchased 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently bought and sold shares of LYB. Rossby Financial LCC purchased a new stake in LyondellBasell Industries during the 1st quarter valued at $25,000. Webster Bank N. A. boosted its holdings in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares during the period. JFS Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 352.3% in the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Rosenberg Matthew Hamilton increased its holdings in LyondellBasell Industries by 268.2% during the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after purchasing an additional 295 shares during the period. Finally, Lazard Asset Management LLC raised its position in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company's stock valued at $34,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

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.