LyondellBasell Industries (NYSE:LYB) Receives $69.75 Consensus PT from Analysts

LyondellBasell Industries (NYSE:LYB - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen analysts that are covering the company, Marketbeat.com reports. Two research 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. The average twelve-month price target among analysts that have covered the stock in the last year is $69.75.

LYB has been the subject of a number of recent research reports. UBS Group restated a "sell" rating and issued a $51.00 price objective (down from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Barclays reduced their target price on 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. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company decreased their price objective on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, April 4th. Finally, Piper Sandler decreased their price objective on LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, May 1st.

Insiders Place Their Bets

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

Institutional Trading of LyondellBasell Industries

A number of large investors have recently made changes to their positions in LYB. Webster Bank N. A. lifted its position 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 valued at $26,000 after buying an additional 143 shares during the last quarter. Rossby Financial LCC purchased a new position in LyondellBasell Industries during the first quarter worth approximately $25,000. JFS Wealth Advisors LLC increased its stake in shares of LyondellBasell Industries by 352.3% during 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 in the last quarter. Investment Management Corp VA ADV boosted its stake in LyondellBasell Industries by 177.6% during the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company's stock worth $29,000 after purchasing an additional 261 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich purchased a new position in LyondellBasell Industries during the fourth quarter worth approximately $37,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB traded up $0.52 on Friday, hitting $57.59. 4,586,139 shares of the company's stock were exchanged, compared to its average volume of 2,689,202. The stock has a 50-day moving average of $59.42 and a 200-day moving average of $70.79. 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 52 week low of $51.11 and a 52 week high of $100.46. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 13.91, a P/E/G ratio of 0.97 and a beta of 0.87.

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

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Monday, June 2nd will be paid a $1.37 dividend. This represents a $5.48 annualized dividend and a dividend yield of 9.52%. This is a positive change from LyondellBasell Industries's previous quarterly dividend of $1.34. The ex-dividend date is Monday, June 2nd. LyondellBasell Industries's dividend payout ratio (DPR) is presently 169.14%.

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.