LyondellBasell Industries (NYSE:LYB) Price Target Raised to $46.00

LyondellBasell Industries (NYSE:LYB) had its price target upped by Citigroup from $40.00 to $46.00 in a research note issued to investors on Thursday,Benzinga reports. Citigroup currently has a neutral rating on the specialty chemicals company’s stock.

Several other research analysts have also recently weighed in on the company. Mizuho lowered their price objective on LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, December 11th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $45.00 price target (down from $55.00) on shares of LyondellBasell Industries in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research report on Wednesday, January 7th. Finally, Jefferies Financial Group reduced their price target on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $52.42.

LyondellBasell Industries Stock Up 0.1%

LyondellBasell Industries stock opened at $50.94 on Thursday. The company’s 50-day moving average price is $45.17 and its two-hundred day moving average price is $50.55. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The stock has a market cap of $16.40 billion, a P/E ratio of -13.58 and a beta of 0.70. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $79.39.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The firm’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. As a group, analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a $1.37 dividend. The ex-dividend date was Monday, December 1st. This represents a $5.48 annualized dividend and a dividend yield of 10.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $43.56 per share, with a total value of $246,593.16. Following the completion of the purchase, the executive vice president directly owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This represents a 9.13% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. MTM Investment Management LLC acquired a new position in LyondellBasell Industries during the 2nd quarter worth approximately $26,000. Parvin Asset Management LLC bought a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $26,000. Capital A Wealth Management LLC boosted its holdings in shares of LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 442 shares in the last quarter. Stance Capital LLC bought a new stake in LyondellBasell Industries during the 3rd quarter worth $27,000. Finally, Hilltop National Bank acquired a new position in LyondellBasell Industries in the 2nd quarter worth about $29,000. 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.