LyondellBasell Industries (NYSE:LYB) Shares Down 4.4% - What's Next?

Key Points

• LYB shares fell 4.4% to about $72.16 on Tuesday, trading sharply below average volume (715,527 shares vs. ~7.89M avg) after closing at $75.51 the prior session.
• Analyst sentiment is mixed — consensus rating is “Hold” with an average price target of $69.44, while recent analyst targets range widely from $51 to $91 and include Buy, Hold and Sell recommendations.
• The company reported a quarterly loss (‑$0.26 EPS) on $7.09B revenue, recently paid a $0.69 quarterly dividend (3.8% yield) amid a negative payout ratio (‑118%), and a major shareholder sold 384,548 shares, signaling potential cash-flow/dividend concerns.

LyondellBasell Industries N.V. (NYSE:LYB - Get Free Report) was down 4.4% on Tuesday . The company traded as low as $71.97 and last traded at $72.1590. Approximately 715,527 shares were traded during trading, a decline of 91% from the average daily volume of 7,892,108 shares. The stock had previously closed at $75.51.

Analysts Set New Price Targets

LYB has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a "sell" rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Jefferies Financial Group lifted their price objective on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the stock a "hold" rating in a research report on Tuesday, March 10th. Royal Bank Of Canada increased their target price on shares of LyondellBasell Industries from $82.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday. Alembic Global Advisors upgraded shares of LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $52.00 to $75.00 and gave the stock a "hold" rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company's stock. According to data from MarketBeat.com, LyondellBasell Industries presently has an average rating of "Hold" and an average target price of $69.44.

LyondellBasell Industries Price Performance

The firm has a market cap of $23.41 billion, a PE ratio of -31.22, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average price of $66.70 and a two-hundred day moving average price of $53.51.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The company had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, equities analysts expect that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.8%. LyondellBasell Industries's dividend payout ratio (DPR) is -118.45%.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company's stock.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in LyondellBasell Industries by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company's stock valued at $1,518,546,000 after acquiring an additional 84,251 shares during the period. State Street Corp raised its holdings in shares of LyondellBasell Industries by 2.7% during the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company's stock worth $586,486,000 after purchasing an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LyondellBasell Industries by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company's stock valued at $437,420,000 after purchasing an additional 399,130 shares during the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 0.4% during the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company's stock worth $426,242,000 after purchasing an additional 36,187 shares during the period. Finally, Capital Research Global Investors raised its stake in shares of LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company's stock valued at $396,615,000 after buying an additional 4,770,260 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company's stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company's integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.