Analysts Set LyondellBasell Industries (NYSE:LYB) Target Price at $106.70

LyondellBasell Industries (NYSE:LYB) has received an average recommendation of “Hold” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. One equities research 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. The average 1 year price objective among analysts that have covered the stock in the last year is $106.33.

LYB has been the subject of several research reports. Royal Bank of Canada reduced their price target on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, October 11th. Wells Fargo & Company cut their price objective on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research note on Monday, August 5th. Barclays cut their price objective on LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, UBS Group cut their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th.

LyondellBasell Industries Trading Down 0.4 %

Shares of NYSE LYB opened at $91.55 on Friday. LyondellBasell Industries has a one year low of $88.46 and a one year high of $107.02. The firm has a market capitalization of $29.81 billion, a PE ratio of 14.15, a PEG ratio of 1.32 and a beta of 1.07. The company has a current ratio of 2.10, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The business has a 50-day moving average price of $95.44 and a two-hundred day moving average price of $97.20.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same period last year, the company posted $2.44 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, analysts predict that LyondellBasell Industries will post 7.8 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 5.85%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is 82.84%.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently bought and sold shares of LYB. CVA Family Office LLC boosted its stake 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 valued at $25,000 after buying an additional 159 shares in the last quarter. Chilton Capital Management LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $27,000. Beacon Capital Management LLC acquired a new stake in LyondellBasell Industries in the 1st quarter valued at $28,000. Matrix Trust Co acquired a new position in LyondellBasell Industries in the third quarter worth $30,000. Finally, Blue Trust Inc. boosted its stake in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares in the last quarter. Institutional investors and hedge funds 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.