LyondellBasell Industries (NYSE:LYB) Price Target Raised to $49.00

LyondellBasell Industries (NYSE:LYB) had its price target increased by Royal Bank Of Canada from $44.00 to $49.00 in a report released on Friday,Benzinga reports. They currently have a sector perform rating on the specialty chemicals company’s stock.

Other analysts have also recently issued research reports about the company. Citigroup raised their price target on LyondellBasell Industries from $40.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Wednesday, January 7th. Finally, BMO Capital Markets reaffirmed an “underperform” rating and set a $36.00 price objective (down from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Two analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $52.42.

LyondellBasell Industries Stock Up 0.1%

Shares of NYSE:LYB opened at $50.94 on Friday. The firm has a fifty day moving average price of $45.17 and a two-hundred day moving average price of $50.47. The company has a market cap of $16.40 billion, a price-to-earnings ratio of -13.58 and a beta of 0.70. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. LyondellBasell Industries has a one year low of $41.58 and a one year high of $79.39.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. The firm had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.88 earnings per share. Analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

Insiders Place Their Bets

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of the stock in a transaction on Wednesday, November 12th. The stock was acquired at an average cost of $43.56 per share, with a total value of $246,593.16. Following the completion of the purchase, the executive vice president directly owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC grew its position in LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares during the last quarter. MTM Investment Management LLC bought a new position in shares of LyondellBasell Industries in the second quarter worth approximately $26,000. Parvin Asset Management LLC bought a new stake in LyondellBasell Industries during the 2nd quarter valued at $26,000. Hilltop National Bank purchased a new stake in LyondellBasell Industries during the 2nd quarter valued at $29,000. Finally, EMC Capital Management bought a new stake in LyondellBasell Industries in the 2nd quarter worth $29,000. Institutional investors own 71.20% of the company’s stock.

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.