Analysts Set LyondellBasell Industries N.V. (NYSE:LYB) PT at $58.56

LyondellBasell Industries N.V. (NYSE:LYB) has been given an average rating of “Hold” by the twenty brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $58.5625.

A number of equities analysts recently issued reports on LYB shares. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $60.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, August 4th. Rothschild & Co Redburn lowered their price objective on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, September 12th. Evercore ISI reduced their price objective on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a report on Tuesday, September 23rd. Citigroup decreased their target price on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a research report on Thursday, October 2nd. Finally, UBS Group dropped their price target on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research report on Monday, October 6th.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of LyondellBasell Industries by 104.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 37,776 shares of the specialty chemicals company’s stock worth $1,853,000 after acquiring an additional 19,306 shares in the last quarter. tru Independence LLC boosted its holdings in LyondellBasell Industries by 17.0% during the third quarter. tru Independence LLC now owns 92,213 shares of the specialty chemicals company’s stock worth $4,522,000 after purchasing an additional 13,392 shares during the last quarter. Clear Harbor Asset Management LLC grew its position in LyondellBasell Industries by 7.9% in the 3rd quarter. Clear Harbor Asset Management LLC now owns 11,727 shares of the specialty chemicals company’s stock worth $575,000 after purchasing an additional 858 shares in the last quarter. Hosking Partners LLP increased its stake in LyondellBasell Industries by 33.3% in the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock valued at $29,208,000 after buying an additional 148,673 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in LyondellBasell Industries by 18.5% in the 3rd quarter. Park Avenue Securities LLC now owns 21,038 shares of the specialty chemicals company’s stock valued at $1,032,000 after buying an additional 3,289 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $46.80 on Tuesday. The business has a 50-day simple moving average of $51.51 and a 200 day simple moving average of $55.93. LyondellBasell Industries has a one year low of $44.87 and a one year high of $89.50. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The firm has a market capitalization of $15.05 billion, a price-to-earnings ratio of 60.78 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.25). The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $7.58 billion. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the business posted $2.24 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 25th were given a dividend of $1.37 per share. The ex-dividend date of this dividend was Monday, August 25th. This represents a $5.48 annualized dividend and a dividend yield of 11.7%. LyondellBasell Industries’s payout ratio is presently 711.69%.

LyondellBasell Industries Company Profile

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.