Analysts Set LyondellBasell Industries (NYSE:LYB) PT at $103.82

LyondellBasell Industries (NYSE:LYB - Get Free Report) has earned an average recommendation of "Hold" from the thirteen brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $103.82.

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $107.00 price objective on shares of LyondellBasell Industries in a research note on Monday, February 5th. JPMorgan Chase & Co. increased their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the stock an "overweight" rating in a research note on Friday, March 22nd. Barclays raised their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an "equal weight" rating in a research note on Thursday, April 4th. Finally, Citigroup raised their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th.

LyondellBasell Industries Stock Performance

NYSE:LYB traded up $1.34 during mid-day trading on Friday, reaching $100.74. 2,015,378 shares of the company's stock were exchanged, compared to its average volume of 1,946,310. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The firm has a market capitalization of $32.78 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 1.23 and a beta of 1.19. The business's fifty day simple moving average is $100.42 and its two-hundred day simple moving average is $96.18. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts' consensus estimates of $1.33 by ($0.07). The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. LyondellBasell Industries's revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.29 earnings per share. Analysts anticipate that LyondellBasell Industries will post 8.63 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.96%. LyondellBasell Industries's dividend payout ratio is presently 77.28%.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Todd Lane sold 9,489 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the transaction, the executive vice president now owns 89,445 shares of the company's stock, valued at approximately $8,847,899.40. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock worth $8,077,267 in the last ninety days. Company insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company's stock worth $2,968,726,000 after purchasing an additional 290,401 shares during the last quarter. State Street Corp increased its stake in shares of LyondellBasell Industries by 2.9% in the 1st quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company's stock valued at $1,266,977,000 after acquiring an additional 348,169 shares in the last quarter. FMR LLC increased its stake in shares of LyondellBasell Industries by 10.3% in the 3rd quarter. FMR LLC now owns 8,408,551 shares of the specialty chemicals company's stock valued at $796,290,000 after acquiring an additional 787,221 shares in the last quarter. Morgan Stanley increased its stake in shares of LyondellBasell Industries by 9.9% in the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company's stock valued at $597,140,000 after acquiring an additional 569,887 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of LyondellBasell Industries by 0.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company's stock valued at $540,424,000 after acquiring an additional 33,212 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

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.