LyondellBasell Industries (NYSE:LYB) Receives $74.75 Consensus Target Price from Analysts

Shares of LyondellBasell Industries (NYSE:LYB - Get Free Report) have been assigned a consensus recommendation of "Hold" from the fourteen research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $69.75.

Several equities research analysts have weighed in on LYB shares. StockNews.com cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, April 4th. BMO Capital Markets decreased their price objective on shares of LyondellBasell Industries from $71.00 to $65.00 and set a "market perform" rating for the company in a report on Wednesday. Citigroup cut their target price on shares of LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a research note on Tuesday. Finally, Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the purchase, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of LyondellBasell Industries by 7.3% in the 3rd quarter. Barclays PLC now owns 948,211 shares of the specialty chemicals company's stock worth $90,933,000 after purchasing an additional 64,359 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of LyondellBasell Industries in the third quarter worth approximately $2,733,000. Arvest Bank Trust Division purchased a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $1,896,000. Wilmington Savings Fund Society FSB bought a new position in LyondellBasell Industries during the third quarter valued at approximately $658,000. Finally, Optimist Retirement Group LLC boosted its holdings in LyondellBasell Industries by 13.1% in the third quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company's stock worth $2,072,000 after purchasing an additional 2,498 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Trading Up 0.1 %

Shares of NYSE LYB traded up $0.03 during mid-day trading on Tuesday, hitting $58.34. The stock had a trading volume of 3,085,240 shares, compared to its average volume of 2,539,067. The business has a 50 day moving average price of $65.79 and a two-hundred day moving average price of $74.62. LyondellBasell Industries has a 1 year low of $51.11 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. The firm has a market cap of $18.83 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) 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 analysts' expectations of $7.69 billion. LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. LyondellBasell Industries's revenue was down 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.53 EPS. On average, equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 165.43%.

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.