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

LyondellBasell Industries (NYSE:LYB) has earned an average rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $103.82.

A number of analysts recently commented on LYB shares. Wells Fargo & Company raised their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Wednesday, January 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Wolfe Research started coverage on LyondellBasell Industries in a research note on Friday, March 1st. They issued an “underperform” rating for the company. Finally, Citigroup raised their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $99.68 on Friday. The firm has a market cap of $32.44 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The business has a 50 day moving average price of $100.78 and a 200-day moving average price of $96.41.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The company had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. During the same period last year, the company posted $1.29 EPS. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts predict that LyondellBasell Industries will post 8.63 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 5.02%. LyondellBasell Industries’s payout ratio is presently 77.28%.

Insider Activity

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares in the company, valued at approximately $9,101,476.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the sale, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock worth $8,077,267 over the last three months. 0.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently made changes to their positions in the company. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $26,000. FSC Wealth Advisors LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $26,000. McIlrath & Eck LLC grew its stake in shares of LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Finally, Heritage Wealth Advisors bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $27,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.