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

LyondellBasell Industries N.V. (NYSE:LYB) has earned an average rating of “Hold” from the twenty-one ratings firms that are covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $77.2353.

A number of equities research analysts have issued reports on LYB shares. BMO Capital Markets increased their price objective on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Zacks Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 1st. Bank of America reiterated an “underperform” rating and set a $55.00 price objective on shares of LyondellBasell Industries in a research note on Monday, April 6th. Finally, Jefferies Financial Group increased their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the sale, the insider directly owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds have recently made changes to their positions in the stock. Jamison Private Wealth Management Inc. raised its holdings in LyondellBasell Industries by 1.6% in the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after buying an additional 172 shares during the last quarter. Investment Research Partners LLC raised its holdings in LyondellBasell Industries by 4.4% in the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock valued at $221,000 after buying an additional 214 shares during the last quarter. Ipsen Advisor Group LLC raised its holdings in LyondellBasell Industries by 2.4% in the 1st quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock valued at $754,000 after buying an additional 216 shares during the last quarter. Capital Investment Advisory Services LLC raised its holdings in LyondellBasell Industries by 2.5% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after buying an additional 226 shares during the last quarter. Finally, Rothschild Investment LLC raised its holdings in LyondellBasell Industries by 3.5% in the 4th quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after buying an additional 272 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $67.25 on Wednesday. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $83.94. The firm has a market cap of $21.71 billion, a price-to-earnings ratio of -27.01, a P/E/G ratio of 0.16 and a beta of 0.28. The firm’s 50-day simple moving average is $73.42 and its 200 day simple moving average is $59.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the firm earned $0.33 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 6.3% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries will post 8.73 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

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.