Analysts Set LyondellBasell Industries N.V. (NYSE:LYB) Target Price at $72.56

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned an average rating of “Hold” from the twenty-one analysts that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $72.5556.

Several equities analysts have recently weighed in on LYB shares. Evercore lifted their price objective on LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. Mizuho increased their target price on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Morgan Stanley cut their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. Citigroup reduced their price target on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. upgraded shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research note on Monday, August 3rd.

LyondellBasell Industries Stock Up 0.3%

Shares of LYB opened at $67.70 on Monday. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The company’s fifty day moving average is $59.60 and its two-hundred day moving average is $65.23. The firm has a market cap of $21.87 billion, a PE ratio of -59.91, a price-to-earnings-growth ratio of 0.18 and a beta of 0.31. The company has a quick ratio of 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05.

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 analysts’ consensus estimates 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 business had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the firm posted $0.62 EPS. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts forecast that LyondellBasell Industries will post 9.24 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

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

Institutional Trading of LyondellBasell Industries

Several large investors have recently added to or reduced their stakes in LYB. Clearstead Advisors LLC lifted its stake in shares of LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after purchasing an additional 390 shares in the last quarter. Quarry LP acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $31,000. Fideuram Asset Management Ireland dac acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $34,000. Kelleher Financial Advisors raised its holdings in shares of LyondellBasell Industries by 4,112.5% during the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock valued at $35,000 after buying an additional 658 shares during the period. Finally, Harbour Investments Inc. raised its holdings in shares of LyondellBasell Industries by 74.7% during the 4th quarter. Harbour Investments Inc. now owns 884 shares of the specialty chemicals company’s stock valued at $38,000 after buying an additional 378 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.