LyondellBasell Industries NV (NYSE:LYB) has earned an average recommendation of “Hold” from the twenty research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $99.88.

Several research firms have recently issued reports on LYB. Morgan Stanley set a $115.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a report on Saturday, December 2nd. SunTrust Banks restated a “hold” rating and set a $100.00 price objective on shares of LyondellBasell Industries in a report on Wednesday, November 1st. Barclays raised their price objective on LyondellBasell Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Tuesday, October 31st. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Royal Bank Of Canada lifted their target price on LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a report on Tuesday, October 31st.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.09% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Glenview Trust Co raised its position in LyondellBasell Industries by 0.4% in the second quarter. Glenview Trust Co now owns 14,051 shares of the specialty chemicals company’s stock valued at $1,186,000 after purchasing an additional 50 shares during the period. Kingfisher Capital LLC increased its position in shares of LyondellBasell Industries by 0.5% during the second quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $1,410,000 after acquiring an additional 75 shares during the last quarter. Advisory Services Network LLC increased its position in shares of LyondellBasell Industries by 0.4% during the second quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock worth $1,622,000 after acquiring an additional 81 shares during the last quarter. Nippon Life Insurance Co. increased its position in shares of LyondellBasell Industries by 0.6% during the second quarter. Nippon Life Insurance Co. now owns 16,069 shares of the specialty chemicals company’s stock worth $1,356,000 after acquiring an additional 88 shares during the last quarter. Finally, Financial Counselors Inc. increased its position in shares of LyondellBasell Industries by 2.5% during the second quarter. Financial Counselors Inc. now owns 3,865 shares of the specialty chemicals company’s stock worth $326,000 after acquiring an additional 94 shares during the last quarter. 74.29% of the stock is currently owned by institutional investors.

LyondellBasell Industries (NYSE:LYB) traded up $1.13 during mid-day trading on Thursday, hitting $105.82. The stock had a trading volume of 416,456 shares, compared to its average volume of 2,566,980. LyondellBasell Industries has a 1-year low of $78.01 and a 1-year high of $107.83. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $41,252.66, a PE ratio of 10.81, a price-to-earnings-growth ratio of 1.17 and a beta of 1.07.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Monday, December 4th. LyondellBasell Industries’s payout ratio is currently 38.59%.

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LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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