LyondellBasell Industries (NYSE:LYB) Sets New 1-Year Low – Time to Sell?

LyondellBasell Industries (NYSE:LYB) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $86.74 and last traded at $86.86, with a volume of 751458 shares. The stock had previously closed at $87.18.

Analysts Set New Price Targets

Several research firms recently commented on LYB. Barclays cut their price objective on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Deutsche Bank Aktiengesellschaft raised their price target on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, UBS Group cut their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $106.33.

LyondellBasell Industries Stock Performance

The company has a market cap of $28.14 billion, a PE ratio of 12.21, a PEG ratio of 1.65 and a beta of 1.07. The business’s 50-day moving average is $93.79 and its 200 day moving average is $96.13. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. The company had revenue of $10.56 billion for the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.44 EPS. On average, equities research analysts predict that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.19%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 75.39%.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently added to or reduced their stakes in the company. CVA Family Office LLC grew its holdings in LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter valued at about $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter valued at about $28,000. Blue Trust Inc. boosted its stake in shares of LyondellBasell Industries by 311.0% during the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 227 shares in the last quarter. Finally, Matrix Trust Co bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $30,000. Institutional investors own 71.20% of the company’s stock.

About LyondellBasell Industries

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.