LyondellBasell Industries (NYSE:LYB) PT Lowered to $101.00 at UBS Group

LyondellBasell Industries (NYSE:LYB) had its target price cut by UBS Group from $106.00 to $101.00 in a research report report published on Tuesday, Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Several other equities research analysts have also recently commented on LYB. Deutsche Bank Aktiengesellschaft upped their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a hold rating in a research note on Tuesday, April 30th. Barclays upped their price target on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an equal weight rating in a research note on Monday, May 6th. Citigroup upped their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a neutral rating in a research note on Wednesday, April 10th. Royal Bank of Canada upped their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an outperform rating in a report on Monday, April 29th. Finally, BMO Capital Markets upped their price objective on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a market perform rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $104.77.

LyondellBasell Industries Price Performance

LYB stock opened at $94.16 on Tuesday. The business has a 50 day moving average price of $97.03 and a 200 day moving average price of $97.90. The stock has a market cap of $30.66 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 1.17 and a beta of 1.09. LyondellBasell Industries has a fifty-two week low of $88.46 and a fifty-two week high of $107.02. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the business earned $2.50 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a dividend of $1.34 per share. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Monday, June 3rd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 82.84%.

Institutional Investors Weigh In On LyondellBasell Industries

A number of hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC grew its position in shares of LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares in the last quarter. Heritage Wealth Advisors acquired a new position in shares of LyondellBasell Industries in the 4th quarter worth approximately $27,000. Chilton Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $27,000. Gold Investment Management Ltd. bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $28,000. Finally, Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the 1st quarter worth approximately $28,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

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.