LyondellBasell Industries (NYSE:LYB) Price Target Raised to $38.00

LyondellBasell Industries (NYSE:LYB) had its target price lifted by BMO Capital Markets from $36.00 to $38.00 in a research report released on Friday morning,MarketScreener reports.

A number of other research analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Citigroup lifted their target price on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a report on Wednesday, January 7th. Finally, Wells Fargo & Company increased their price target on LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $51.12.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $56.72 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The business’s fifty day moving average price is $49.55 and its two-hundred day moving average price is $49.19. The stock has a market cap of $18.26 billion, a PE ratio of -24.34, a price-to-earnings-growth ratio of 0.39 and a beta of 0.70. LyondellBasell Industries has a one year low of $41.58 and a one year high of $78.41.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The firm’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. On average, analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a dividend of $0.69 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.76 annualized dividend and a yield of 4.9%. LyondellBasell Industries’s dividend payout ratio is currently -235.19%.

Institutional Trading of LyondellBasell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MTM Investment Management LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $26,000. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at $26,000. Capital A Wealth Management LLC raised its position in LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 442 shares during the period. Stance Capital LLC acquired a new position in shares of LyondellBasell Industries during the third quarter worth about $27,000. Finally, EMC Capital Management purchased a new stake in shares of LyondellBasell Industries in the second quarter worth about $29,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.