LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $102.00 at Barclays

LyondellBasell Industries (NYSE:LYBGet Rating) had its target price decreased by Barclays from $110.00 to $102.00 in a research note released on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the specialty chemicals company’s stock.

Other analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $125.00 to $115.00 and set an overweight rating for the company in a report on Tuesday. JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $130.00 to $115.00 in a report on Friday, June 17th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $99.00 to $97.00 and set a sector perform rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price objective on LyondellBasell Industries from $120.00 to $95.00 and set a hold rating for the company in a report on Tuesday. Finally, Vertical Research cut LyondellBasell Industries from a buy rating to a hold rating and set a $96.00 price objective for the company. in a report on Monday, August 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of $106.26.

LyondellBasell Industries Stock Performance

LYB opened at $85.61 on Tuesday. LyondellBasell Industries has a 12-month low of $82.14 and a 12-month high of $117.22. The stock has a market cap of $27.93 billion, a price-to-earnings ratio of 5.22, a PEG ratio of 0.63 and a beta of 1.27. The business has a 50 day moving average of $92.68 and a 200-day moving average of $99.52. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.90.

LyondellBasell Industries (NYSE:LYBGet Rating) last released its quarterly earnings data on Friday, July 29th. The specialty chemicals company reported $5.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $0.28. LyondellBasell Industries had a return on equity of 49.41% and a net margin of 10.19%. The company had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $13.70 billion. During the same period last year, the firm posted $6.13 earnings per share. The business’s revenue was up 28.3% on a year-over-year basis. On average, equities research analysts expect that LyondellBasell Industries will post 17.12 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a special dividend, which was paid on Monday, June 13th. Investors of record on Monday, June 6th were paid a $5.20 dividend. The ex-dividend date was Friday, June 3rd. This represents a yield of 4.2%. LyondellBasell Industries’s dividend payout ratio is presently 29.01%.

Insider Activity at LyondellBasell Industries

In other news, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $111.44, for a total transaction of $294,201.60. Following the transaction, the director now directly owns 7,020 shares of the company’s stock, valued at $782,308.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Michael C. Mcmurray sold 33,880 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $110.94, for a total value of $3,758,647.20. Following the sale, the chief financial officer now directly owns 39,612 shares of the company’s stock, valued at $4,394,555.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $111.44, for a total value of $294,201.60. Following the completion of the sale, the director now directly owns 7,020 shares in the company, valued at $782,308.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Institutional Trading of LyondellBasell Industries

Several large investors have recently modified their holdings of LYB. Core Wealth Advisors Inc. bought a new stake in shares of LyondellBasell Industries in the fourth quarter worth about $28,000. Rise Advisors LLC lifted its holdings in LyondellBasell Industries by 1,207.7% in the second quarter. Rise Advisors LLC now owns 340 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 314 shares during the period. Covestor Ltd purchased a new stake in LyondellBasell Industries in the fourth quarter worth about $31,000. EverSource Wealth Advisors LLC purchased a new stake in LyondellBasell Industries in the fourth quarter worth about $34,000. Finally, Industrial Alliance Investment Management Inc. purchased a new stake in LyondellBasell Industries in the fourth quarter worth about $35,000. 69.64% of the stock is owned by institutional investors.

LyondellBasell Industries Company Profile

(Get Rating)

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.

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