LyondellBasell Industries N.V. (NYSE:LYB) Given Average Rating of “Hold” by Analysts

LyondellBasell Industries N.V. (NYSE:LYB) has received a consensus rating of “Hold” from the twenty-one research firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $72.5556.

Several research firms recently weighed in on LYB. Alembic Global Advisors decreased their price objective on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. UBS Group increased their target price on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a report on Tuesday, August 4th. Bank of America cut their target price on shares of LyondellBasell Industries from $68.00 to $48.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 30th. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $98.00 in a report on Thursday, May 28th. Finally, Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd.

LyondellBasell Industries Stock Down 0.6%

Shares of NYSE LYB opened at $67.70 on Monday. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The firm has a market capitalization of $21.87 billion, a price-to-earnings ratio of -59.91, a PEG ratio of 0.18 and a beta of 0.31. The stock has a 50 day moving average price of $59.60 and a 200 day moving average price of $65.12. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, topping the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same period last year, the business posted $0.62 EPS. LyondellBasell Industries’s quarterly revenue was up 19.8% on a year-over-year basis. Sell-side analysts expect that LyondellBasell Industries will post 9.39 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 24th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 dividend on an annualized basis and a yield of 4.1%. LyondellBasell Industries’s payout ratio is -244.25%.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Oxbow Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $4,616,000. Swedbank AB grew its position in shares of LyondellBasell Industries by 16.0% in the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock worth $10,510,000 after buying an additional 33,399 shares during the last quarter. Tejara Capital Ltd bought a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $1,425,000. Evergreen Capital Management LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter worth approximately $1,003,000. Finally, Russell Investments Group Ltd. lifted its position in LyondellBasell Industries by 130.1% during the second quarter. Russell Investments Group Ltd. now owns 420,894 shares of the specialty chemicals company’s stock valued at $22,187,000 after acquiring an additional 237,950 shares during the last quarter. 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.