LyondellBasell Industries N.V. (NYSE:LYB) Given Average Rating of “Reduce” by Brokerages

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have been assigned a consensus recommendation of “Reduce” from the twenty-three research firms that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $52.4211.

Several analysts have recently commented on LYB shares. The Goldman Sachs Group dropped their price objective on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a report on Friday, October 17th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $45.00 price target (down previously from $55.00) on shares of LyondellBasell Industries in a report on Friday, December 19th. Jefferies Financial Group reduced their target price on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a research note on Monday, December 8th. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. Finally, Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th.

Insider Transactions at LyondellBasell Industries

In other news, EVP Kimberly A. Foley acquired 5,661 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the purchase, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. This represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Several large investors have recently made changes to their positions in LYB. Probity Advisors Inc. lifted its holdings in LyondellBasell Industries by 112.1% in the 4th quarter. Probity Advisors Inc. now owns 9,461 shares of the specialty chemicals company’s stock valued at $410,000 after purchasing an additional 5,001 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $1,003,000. Bayforest Capital Ltd lifted its stake in shares of LyondellBasell Industries by 104.9% in the fourth quarter. Bayforest Capital Ltd now owns 9,747 shares of the specialty chemicals company’s stock worth $422,000 after buying an additional 4,989 shares in the last quarter. Elevated Capital Advisors LLC boosted its position in LyondellBasell Industries by 26.3% during the fourth quarter. Elevated Capital Advisors LLC now owns 22,233 shares of the specialty chemicals company’s stock worth $963,000 after acquiring an additional 4,624 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its stake in LyondellBasell Industries by 5.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,722 shares of the specialty chemicals company’s stock valued at $464,000 after acquiring an additional 565 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 0.0%

Shares of LyondellBasell Industries stock opened at $50.42 on Thursday. The firm’s 50 day moving average price is $46.26 and its 200-day moving average price is $49.85. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $79.10. The company has a market cap of $16.23 billion, a P/E ratio of -13.45 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.

LyondellBasell Industries (NYSE:LYB) last issued 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. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The business had revenue of $7.73 billion during the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter last year, the company earned $1.88 earnings per share. The company’s quarterly revenue was down 10.2% on a year-over-year basis. On average, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a dividend of $1.37 per share. This represents a $5.48 annualized dividend and a dividend yield of 10.9%. The ex-dividend date was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio 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.