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

LyondellBasell Industries N.V. (NYSE:LYB) has earned an average recommendation of “Hold” from the twenty-three brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $64.4444.

A number of research analysts recently issued reports on LYB shares. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. Wolfe Research cut their target price on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating on the stock in a research note on Monday, February 2nd. Jefferies Financial Group boosted their price target on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, March 10th. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective on the stock in a report on Wednesday, March 4th. Finally, Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the transaction, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Several hedge funds have recently added to or reduced their stakes in LYB. Rockefeller Capital Management L.P. grew its position in LyondellBasell Industries by 62.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock valued at $2,583,000 after buying an additional 16,234 shares in the last quarter. Kingsview Wealth Management LLC raised its position in shares of LyondellBasell Industries by 375.1% during the 2nd quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after buying an additional 14,217 shares in the last quarter. Hosking Partners LLP raised its position in shares of LyondellBasell Industries by 33.3% during the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock worth $29,208,000 after buying an additional 148,673 shares in the last quarter. Norges Bank acquired a new stake in shares of LyondellBasell Industries in the 2nd quarter worth approximately $280,000,000. Finally, Capital World Investors boosted its holdings in shares of LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after acquiring an additional 1,135,258 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

LYB opened at $74.66 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $57.59 and its 200 day moving average price is $50.73. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $77.36. The firm has a market cap of $24.05 billion, a price-to-earnings ratio of -32.04, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The business’s revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.75 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.7%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -118.45%.

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.