LyondellBasell Industries (NYSE:LYB)‘s stock had its “hold” rating reissued by equities research analysts at RBC Capital Markets in a note issued to investors on Tuesday. They presently have a $82.00 price objective on the stock. RBC Capital Markets’ price objective would suggest a potential upside of 5.75% from the company’s current price.

Several other research firms have also recently weighed in on LYB. Vetr upgraded shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $84.88 price objective on the stock in a research report on Monday, August 1st. Barclays PLC lowered their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 2nd. Susquehanna lowered their price objective on shares of LyondellBasell Industries from $100.00 to $96.00 and set a “positive” rating on the stock in a research report on Friday, August 26th. Jefferies Group restated a “neutral” rating on shares of LyondellBasell Industries in a research report on Tuesday, September 6th. Finally, Royal Bank Of Canada cut shares of LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $100.00 to $84.00 in a research report on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. LyondellBasell Industries has an average rating of “Hold” and an average price target of $88.57.

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

LyondellBasell Industries (NYSE:LYB) traded down 1.15% during mid-day trading on Tuesday, hitting $77.54. The company’s stock had a trading volume of 2,835,725 shares. LyondellBasell Industries has a 52-week low of $69.10 and a 52-week high of $98.25. The firm has a market cap of $32.24 billion, a price-to-earnings ratio of 8.37 and a beta of 1.71. The firm has a 50 day moving average of $77.08 and a 200-day moving average of $80.73.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/lyondellbasell-industries-lyb-rating-reiterated-by-rbc-capital-markets.html

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, July 29th. The company reported $2.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by $0.06. LyondellBasell Industries had a net margin of 13.91% and a return on equity of 66.25%. The firm earned $7.33 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the previous year, the business earned $2.81 earnings per share. The firm’s revenue for the quarter was down 19.9% on a year-over-year basis. On average, equities research analysts expect that LyondellBasell Industries will post $9.61 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 16th were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Friday, August 12th. LyondellBasell Industries’s payout ratio is 36.68%.

In other news, Director Jagjeet S. Bindra sold 3,750 shares of LyondellBasell Industries stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $80.01, for a total transaction of $300,037.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Large investors have recently bought and sold shares of the company. Checchi Capital Advisers LLC raised its stake in LyondellBasell Industries by 0.3% in the second quarter. Checchi Capital Advisers LLC now owns 2,271 shares of the company’s stock valued at $169,000 after buying an additional 7 shares during the last quarter. FirstMerit Bank N A Trustee raised its stake in LyondellBasell Industries by 0.6% in the second quarter. FirstMerit Bank N A Trustee now owns 5,049 shares of the company’s stock valued at $376,000 after buying an additional 28 shares during the last quarter. Bremer Trust National Association raised its stake in LyondellBasell Industries by 0.8% in the second quarter. Bremer Trust National Association now owns 4,053 shares of the company’s stock valued at $302,000 after buying an additional 33 shares during the last quarter. Cypress Capital Group raised its stake in LyondellBasell Industries by 0.4% in the first quarter. Cypress Capital Group now owns 8,160 shares of the company’s stock valued at $698,000 after buying an additional 35 shares during the last quarter. Finally, Eagle Ridge Investment Management raised its stake in LyondellBasell Industries by 0.6% in the second quarter. Eagle Ridge Investment Management now owns 8,615 shares of the company’s stock valued at $641,000 after buying an additional 53 shares during the last quarter. 68.63% of the stock is currently owned by institutional investors and hedge funds.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

5 Day Chart for NYSE:LYB

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.