LyondellBasell Industries (NYSE:LYB) Given Average Recommendation of “Hold” by Analysts

Shares of LyondellBasell Industries (NYSE:LYB) have been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $105.17.

LYB has been the subject of several research analyst reports. Citigroup lifted their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. BMO Capital Markets boosted their price target on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the company a “market perform” rating in a research note on Tuesday, April 30th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, April 30th. Mizuho boosted their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research note on Monday, April 29th. Finally, Barclays boosted their price target on shares of LyondellBasell Industries from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Monday, May 6th.

Hedge Funds Weigh In On LyondellBasell Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in LYB. Quent Capital LLC boosted its holdings in shares of LyondellBasell Industries by 31.2% in the 4th quarter. Quent Capital LLC now owns 795 shares of the specialty chemicals company’s stock worth $76,000 after buying an additional 189 shares during the last quarter. Unison Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 1.4% in the 4th quarter. Unison Advisors LLC now owns 38,215 shares of the specialty chemicals company’s stock worth $3,633,000 after buying an additional 519 shares during the last quarter. Strategic Advisors LLC raised its stake in LyondellBasell Industries by 5.5% in the 4th quarter. Strategic Advisors LLC now owns 3,165 shares of the specialty chemicals company’s stock valued at $301,000 after acquiring an additional 165 shares during the period. Fifth Third Bancorp raised its stake in LyondellBasell Industries by 2.3% in the 4th quarter. Fifth Third Bancorp now owns 27,569 shares of the specialty chemicals company’s stock valued at $2,621,000 after acquiring an additional 615 shares during the period. Finally, apricus wealth LLC raised its stake in LyondellBasell Industries by 1.2% in the 4th quarter. apricus wealth LLC now owns 29,523 shares of the specialty chemicals company’s stock valued at $2,807,000 after acquiring an additional 345 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Down 3.8 %

NYSE:LYB opened at $94.39 on Friday. The firm’s 50 day simple moving average is $96.00 and its 200 day simple moving average is $98.08. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The company has a market cap of $30.74 billion, a PE ratio of 14.59, a P/E/G ratio of 1.21 and a beta of 1.09.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.23 by $0.01. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $10.56 billion for the quarter, compared to the consensus estimate of $10.44 billion. During the same period last year, the company earned $2.44 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 8.3 earnings per share for the current year.

LyondellBasell Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were issued a $1.34 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.68%. The ex-dividend date was Monday, June 3rd. LyondellBasell Industries’s payout ratio is 82.84%.

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.