LyondellBasell Industries (NYSE:LYB) Receives $99.53 Consensus Target Price from Analysts

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.

Insider Activity

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYB. Charles Schwab Investment Management Inc. grew its stake in LyondellBasell Industries by 205.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company’s stock worth $458,010,000 after buying an additional 2,995,335 shares during the last quarter. Alliancebernstein L.P. lifted its position in LyondellBasell Industries by 170.5% during the 4th quarter. Alliancebernstein L.P. now owns 3,331,033 shares of the specialty chemicals company’s stock worth $276,576,000 after acquiring an additional 2,099,644 shares during the period. Franklin Resources Inc. lifted its position in LyondellBasell Industries by 738.8% during the 2nd quarter. Franklin Resources Inc. now owns 2,176,500 shares of the specialty chemicals company’s stock worth $190,356,000 after acquiring an additional 1,917,011 shares during the period. AQR Capital Management LLC lifted its position in LyondellBasell Industries by 96.3% during the 2nd quarter. AQR Capital Management LLC now owns 2,533,980 shares of the specialty chemicals company’s stock worth $219,341,000 after acquiring an additional 1,243,077 shares during the period. Finally, Prudential Financial Inc. lifted its position in LyondellBasell Industries by 171.0% during the 3rd quarter. Prudential Financial Inc. now owns 1,348,644 shares of the specialty chemicals company’s stock worth $101,525,000 after acquiring an additional 851,055 shares during the period. 91.12% of the stock is currently owned by hedge funds and other institutional investors.

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

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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.