Shares of LyondellBasell Industries N.V. (NYSE:LYB – Get Free Report) have been given a consensus recommendation of “Hold” by the twenty-two research firms that are presently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $76.7647.
Several research firms have weighed in on LYB. Morgan Stanley boosted their target price on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Citigroup lifted their price target on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, April 8th. Bank of America reiterated an “underperform” rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a research report on Monday, April 6th. Finally, Zacks Research raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st.
Check Out Our Latest Analysis on LYB
Insider Transactions at LyondellBasell Industries
Institutional Investors Weigh In On LyondellBasell Industries
Institutional investors have recently made changes to their positions in the stock. Stance Capital LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $27,000. Quent Capital LLC acquired a new position in LyondellBasell Industries during the third quarter worth $29,000. Banque Cantonale Vaudoise purchased a new position in shares of LyondellBasell Industries during the first quarter worth $48,000. United Community Bank grew its stake in shares of LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 283 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at $31,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.
LyondellBasell Industries Stock Up 2.3%
NYSE LYB opened at $74.96 on Friday. The business’s fifty day simple moving average is $73.54 and its 200-day simple moving average is $57.33. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm has a market cap of $24.20 billion, a PE ratio of -30.10, a P/E/G ratio of 0.17 and a beta of 0.32. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $83.94.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last announced its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. During the same quarter in the prior year, the firm posted $0.33 earnings per share. LyondellBasell Industries’s quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries will post 8.73 earnings per share for the current year.
LyondellBasell Industries Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.7%. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.
About LyondellBasell Industries
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.
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