LyondellBasell Industries (NYSE:LYB – Get Rating) has been given an average recommendation of “Hold” by the twenty brokerages that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $98.95.
Several research analysts have recently weighed in on LYB shares. Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $85.00 to $100.00 and gave the stock a “hold” rating in a research note on Monday, February 6th. Citigroup increased their target price on shares of LyondellBasell Industries from $80.00 to $92.00 in a report on Thursday, December 15th. KeyCorp cut their target price on LyondellBasell Industries from $85.00 to $74.00 and set an “underweight” rating for the company in a research report on Thursday. Credit Suisse Group upgraded LyondellBasell Industries from an “underperform” rating to an “outperform” rating and set a $109.00 target price for the company in a research report on Monday, February 6th. Finally, Wells Fargo & Company raised their price target on LyondellBasell Industries from $97.00 to $109.00 and gave the company an “overweight” rating in a report on Monday, February 6th.
In other news, EVP Jeffrey A. Kaplan sold 10,000 shares of LyondellBasell Industries stock in a transaction on Tuesday, February 7th. The stock was sold at an average price of $98.99, for a total value of $989,900.00. Following the transaction, the executive vice president now directly owns 47,600 shares in the company, valued at approximately $4,711,924. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.
Institutional Inflows and Outflows
LyondellBasell Industries Trading Down 0.4 %
NYSE LYB opened at $84.68 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.83. LyondellBasell Industries has a twelve month low of $71.46 and a twelve month high of $117.22. The firm has a market capitalization of $27.60 billion, a PE ratio of 7.18, a P/E/G ratio of 1.17 and a beta of 1.21. The stock’s 50 day moving average is $94.41 and its 200 day moving average is $85.94.
LyondellBasell Industries (NYSE:LYB – Get Rating) last released its quarterly earnings results on Friday, February 3rd. The specialty chemicals company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.20. LyondellBasell Industries had a return on equity of 32.96% and a net margin of 7.71%. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $10.73 billion. During the same period in the previous year, the company posted $3.63 earnings per share. The firm’s revenue was down 20.5% on a year-over-year basis. Research analysts forecast that LyondellBasell Industries will post 9.01 earnings per share for the current fiscal year.
LyondellBasell Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 13th. Stockholders of record on Monday, March 6th were issued a $1.19 dividend. The ex-dividend date was Friday, March 3rd. This represents a $4.76 dividend on an annualized basis and a dividend yield of 5.62%. LyondellBasell Industries’s dividend payout ratio is presently 40.34%.
About LyondellBasell Industries
LyondellBasell Industries NV engages in the refinery and production of plastic resins and other chemicals. It operates through the following segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
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