LyondellBasell Industries (NYSE:LYB) PT Raised to $100.00 at Barclays

LyondellBasell Industries (NYSE:LYB - Free Report) had its target price increased by Barclays from $98.00 to $100.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has an equal weight rating on the specialty chemicals company's stock.

LYB has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a buy rating to a hold rating and set a $105.00 target price on the stock. in a report on Wednesday, January 10th. Wells Fargo & Company raised their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an overweight rating in a report on Tuesday. Vertical Research upgraded shares of LyondellBasell Industries from a hold rating to a buy rating in a report on Wednesday, January 3rd. JPMorgan Chase & Co. raised their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an overweight rating in a report on Friday, March 22nd. Finally, Citigroup lowered shares of LyondellBasell Industries from a buy rating to a neutral rating and dropped their price objective for the stock from $105.00 to $98.00 in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Hold and a consensus target price of $102.17.

LyondellBasell Industries Price Performance

Shares of LYB stock traded down $1.46 during trading hours on Thursday, reaching $104.40. 1,604,808 shares of the company were exchanged, compared to its average volume of 2,028,755. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The stock's fifty day moving average is $98.63 and its two-hundred day moving average is $95.65. The company has a market cap of $33.88 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.26 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.07). The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company's quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 8.81 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 4.79%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries's payout ratio is presently 77.28%.

Insider Activity

In other news, EVP Kenneth Todd Lane sold 9,489 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the transaction, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the company's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the transaction, the executive vice president now directly owns 89,445 shares in the company, valued at approximately $8,847,899.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company's stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares of the company's stock, valued at $2,770,460.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 80,853 shares of company stock worth $8,077,267. 0.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors have recently modified their holdings of the company. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $25,000. LM Advisors LLC bought a new position in LyondellBasell Industries during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in LyondellBasell Industries during the third quarter worth $26,000. FSC Wealth Advisors LLC bought a new position in LyondellBasell Industries during the third quarter worth $26,000. Finally, McIlrath & Eck LLC boosted its stake in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company's stock worth $27,000 after acquiring an additional 141 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

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.