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

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned a consensus rating of “Hold” from the twenty-one brokerages that are currently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $75.9412.

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price target on LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, May 4th. Morgan Stanley raised their price target on LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $98.00 in a research note on Thursday, May 28th. Jefferies Financial Group lifted their price target 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. Finally, Royal Bank Of Canada lifted their price target on shares of LyondellBasell Industries from $91.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, May 4th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LYB. Stance Capital LLC purchased a new position in LyondellBasell Industries during the 3rd quarter valued at $27,000. Clearstead Advisors LLC increased its position in LyondellBasell Industries by 140.3% during the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares during the period. ORG Partners LLC increased its position in LyondellBasell Industries by 960.0% during the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares during the period. Quarry LP purchased a new position in LyondellBasell Industries during the 3rd quarter valued at $31,000. Finally, Key Capital Management INC purchased a new position in LyondellBasell Industries during the 4th quarter valued at $34,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Trading Down 0.3%

Shares of LYB opened at $55.67 on Friday. The firm’s 50 day simple moving average is $67.85 and its 200 day simple moving average is $61.41. The company has a market capitalization of $17.97 billion, a P/E ratio of -22.36, a P/E/G ratio of 0.12 and a beta of 0.28. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the business posted $0.33 earnings per share. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts forecast that LyondellBasell Industries will post 9.22 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were issued a $0.69 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 5.0%. LyondellBasell Industries’s payout ratio is currently -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.