LyondellBasell Industries N.V. (NYSE:LYB) Stock Now Rated “Hold” by Sell-Side Analysts

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $73.22.

Several equities research analysts have issued reports on LYB shares. Citigroup lifted their target price on shares of LyondellBasell Industries from $63.00 to $74.00 and gave the company a “neutral” rating in a research report on Tuesday. Barclays lifted their target price on LyondellBasell Industries from $66.00 to $69.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. KeyCorp assumed coverage on shares of LyondellBasell Industries in a research note on Thursday, September 10th. They set a “sector weight” rating on the stock. Finally, Wells Fargo & Company raised their price target on shares of LyondellBasell Industries from $70.00 to $76.00 and gave the company an “overweight” rating in a research report on Monday.

LyondellBasell Industries Stock Down 1.3%

Shares of NYSE LYB opened at $60.82 on Friday. The firm has a market capitalization of $19.66 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 0.17 and a beta of 0.29. The business has a 50-day moving average of $62.69 and a 200-day moving average of $63.93. The company has a current ratio of 1.78, a quick ratio of 1.18 and a debt-to-equity ratio of 0.99. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, October 30th. The specialty chemicals company reported $2.54 earnings per share for the quarter, missing the consensus estimate of $2.57 by ($0.03). LyondellBasell Industries had a net margin of 4.06% and a return on equity of 21.94%. The firm had revenue of $8.50 billion during the quarter, compared to analyst estimates of $8.87 billion. During the same period in the prior year, the firm earned $1.01 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts expect that LyondellBasell Industries will post 9.08 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were paid a dividend of $0.69 per share. The ex-dividend date was Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.5%. LyondellBasell Industries’s dividend payout ratio (DPR) is 69.70%.

Institutional Trading of LyondellBasell Industries

Large investors have recently modified their holdings of the stock. Aberdeen Group plc grew its stake in LyondellBasell Industries by 1.5% during the third quarter. Aberdeen Group plc now owns 175,126 shares of the specialty chemicals company’s stock valued at $10,064,000 after acquiring an additional 2,594 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of LyondellBasell Industries by 4.5% during the third quarter. Moors & Cabot Inc. now owns 5,017 shares of the specialty chemicals company’s stock worth $288,000 after acquiring an additional 215 shares in the last quarter. Allworth Financial LP raised its stake in LyondellBasell Industries by 3.6% during the third quarter. Allworth Financial LP now owns 10,785 shares of the specialty chemicals company’s stock worth $568,000 after acquiring an additional 372 shares in the last quarter. SVB Wealth LLC increased its stake in LyondellBasell Industries by 9.7% in the 3rd quarter. SVB Wealth LLC now owns 15,796 shares of the specialty chemicals company’s stock valued at $908,000 after buying an additional 1,401 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in LyondellBasell Industries by 5.4% in the third quarter. Fifth Third Bancorp now owns 37,018 shares of the specialty chemicals company’s stock worth $2,127,000 after acquiring an additional 1,896 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.