LyondellBasell Industries N.V. (NYSE:LYB) Receives Consensus Recommendation of “Hold” from Analysts

LyondellBasell Industries N.V. (NYSE:LYB) has received an average rating of “Hold” from the twenty-one brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $71.9444.

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, July 13th. The Goldman Sachs Group lifted their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, June 24th. Evercore upped their price target on LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Finally, JPMorgan Chase & Co. raised their price objective on LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th.

Hedge Funds Weigh In On LyondellBasell Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oxbow Advisors LLC acquired a new stake in LyondellBasell Industries during the 4th quarter valued at $4,616,000. Wealth Enhancement Advisory Services LLC boosted its stake in LyondellBasell Industries by 32.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,986 shares of the specialty chemicals company’s stock worth $2,633,000 after purchasing an additional 14,006 shares in the last quarter. Swedbank AB boosted its stake in LyondellBasell Industries by 16.0% in the fourth quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock worth $10,510,000 after purchasing an additional 33,399 shares in the last quarter. Stanley Laman Group Ltd. grew its holdings in shares of LyondellBasell Industries by 66.0% during the fourth quarter. Stanley Laman Group Ltd. now owns 53,423 shares of the specialty chemicals company’s stock worth $2,313,000 after purchasing an additional 21,235 shares during the last quarter. Finally, Tejara Capital Ltd acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $1,425,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 2.0%

Shares of LyondellBasell Industries stock opened at $62.41 on Thursday. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The company’s fifty day simple moving average is $62.17 and its 200-day simple moving average is $63.19. The company has a market cap of $20.15 billion, a price-to-earnings ratio of -25.06, a PEG ratio of 0.20 and a beta of 0.32. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same period in the prior year, the company earned $0.33 EPS. The business’s quarterly revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts expect that LyondellBasell Industries will post 8.73 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were given a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -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.