LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $65.00 at BMO Capital Markets

LyondellBasell Industries (NYSE:LYB - Free Report) had its price objective reduced by BMO Capital Markets from $71.00 to $65.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a market perform rating on the specialty chemicals company's stock.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price objective on shares of LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a report on Monday, April 28th. Morgan Stanley decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. StockNews.com cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. UBS Group reaffirmed a "sell" rating and issued a $51.00 target price (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Finally, Citigroup reduced their price target on LyondellBasell Industries from $66.00 to $58.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $69.75.

LyondellBasell Industries Trading Down 3.7 %

Shares of NYSE:LYB traded down $2.17 during mid-day trading on Wednesday, reaching $56.21. The stock had a trading volume of 3,799,160 shares, compared to its average volume of 3,485,697. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02. The firm has a 50 day simple moving average of $65.79 and a two-hundred day simple moving average of $74.50. The firm has a market cap of $18.07 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 0.97 and a beta of 0.87.

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

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 9.54%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries's dividend payout ratio (DPR) is presently 165.43%.

Insider Buying and Selling at LyondellBasell Industries

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

Institutional Trading of LyondellBasell Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. Rossby Financial LCC acquired a new position in LyondellBasell Industries during the first quarter worth about $25,000. Webster Bank N. A. raised its position in LyondellBasell Industries by 70.4% in 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 in the last quarter. JFS Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 352.3% during the 1st quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock valued at $28,000 after purchasing an additional 310 shares during the last quarter. Rosenberg Matthew Hamilton raised its holdings in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company's stock valued at $30,000 after buying an additional 295 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings 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 worth $34,000 after purchasing an additional 214 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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.