LyondellBasell Industries (NYSE:LYB) Trading Down 4.2% – Should You Sell?

LyondellBasell Industries N.V. (NYSE:LYB) traded down 4.2% during trading on Thursday . The stock traded as low as $43.90 and last traded at $44.10. 2,659,855 shares were traded during mid-day trading, a decline of 37% from the average session volume of 4,232,021 shares. The stock had previously closed at $46.03.

Analyst Upgrades and Downgrades

LYB has been the subject of several research reports. Bank of America decreased their price target on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research note on Wednesday, October 1st. JPMorgan Chase & Co. dropped their target price on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Finally, BMO Capital Markets decreased their target price on shares of LyondellBasell Industries from $58.00 to $48.00 and set a “market perform” rating for the company in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $56.19.

LyondellBasell Industries Trading Down 6.3%

The company has a market cap of $13.89 billion, a price-to-earnings ratio of -11.52 and a beta of 0.71. The company has a current ratio of 1.57, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average price is $46.38 and its 200-day moving average price is $53.47.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period last year, the business posted $1.88 earnings per share. On average, equities analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 8th. Investors of record on Monday, December 1st will be paid a $1.37 dividend. The ex-dividend date is Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 12.7%. LyondellBasell Industries’s dividend payout ratio is -146.13%.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LYB. MTM Investment Management LLC bought a new stake in shares of LyondellBasell Industries in the second quarter worth $26,000. Parvin Asset Management LLC bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at about $26,000. Capital A Wealth Management LLC increased its stake in shares of LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the period. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $27,000. Finally, Hilltop National Bank bought a new position in shares of LyondellBasell Industries during the second quarter worth about $29,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.