LyondellBasell Industries N.V. (NYSE:LYB) Receives Average Recommendation of “Reduce” from Analysts

LyondellBasell Industries N.V. (NYSE:LYB) has received a consensus recommendation of “Reduce” from the twenty-one analysts that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $53.6471.

LYB has been the topic of a number of analyst reports. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. BMO Capital Markets reiterated an “underperform” rating and issued a $36.00 target price (down previously from $48.00) on shares of LyondellBasell Industries in a research note on Monday, December 15th. Bank of America decreased their price target on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, October 14th. UBS Group reduced their price objective on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Wednesday, October 8th.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the purchase, the executive vice president owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. Focus Partners Advisor Solutions LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $263,000. Ancora Advisors LLC increased its stake in shares of LyondellBasell Industries by 1,355.2% during the first quarter. Ancora Advisors LLC now owns 7,174 shares of the specialty chemicals company’s stock worth $505,000 after purchasing an additional 6,681 shares in the last quarter. Advisors Asset Management Inc. raised its position in shares of LyondellBasell Industries by 55.3% during the 1st quarter. Advisors Asset Management Inc. now owns 36,734 shares of the specialty chemicals company’s stock worth $2,586,000 after purchasing an additional 13,074 shares during the last quarter. Invenomic Capital Management LP purchased a new position in LyondellBasell Industries in the 1st quarter valued at about $5,555,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in LyondellBasell Industries by 21.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 253,013 shares of the specialty chemicals company’s stock worth $17,801,000 after buying an additional 45,304 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 2.4%

NYSE:LYB opened at $44.36 on Friday. The firm has a 50-day simple moving average of $44.59 and a 200-day simple moving average of $51.26. LyondellBasell Industries has a one year low of $41.58 and a one year high of $79.39. The firm has a market cap of $14.28 billion, a P/E ratio of -11.83 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 1.57.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.21. The company had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. LyondellBasell Industries’s revenue was down 10.2% compared to the same quarter last year. During the same period last year, the company posted $1.88 earnings per share. Equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a $1.37 dividend. The ex-dividend date was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a yield of 12.4%. LyondellBasell Industries’s dividend payout ratio (DPR) is -146.13%.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.