LyondellBasell Industries N.V. (NYSE:LYB) Stock Has Average Price Target of $72.06

LyondellBasell Industries N.V. (NYSE:LYB) has been given an average recommendation of “Hold” by the twenty research firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $72.06.

Several research firms recently commented on LYB. Mizuho boosted their target price on LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. UBS Group cut their price target on shares of LyondellBasell Industries from $64.00 to $62.00 and set a “neutral” rating on the stock in a research note on Friday, September 25th. Weiss Ratings lowered LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Morgan Stanley reduced their target price on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a report on Monday, July 20th. Finally, Citigroup restated a “neutral” rating and set a $63.00 price target (down from $72.00) on shares of LyondellBasell Industries in a research note on Wednesday, September 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LYB. Marco Investment Management LLC grew its stake in shares of LyondellBasell Industries by 10.9% during the 2nd quarter. Marco Investment Management LLC now owns 190,709 shares of the specialty chemicals company’s stock worth $10,041,000 after purchasing an additional 18,700 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of LyondellBasell Industries by 130.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 420,894 shares of the specialty chemicals company’s stock valued at $22,187,000 after purchasing an additional 237,950 shares in the last quarter. Capital World Investors lifted its stake in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after purchasing an additional 36,187 shares during the period. State Street Corp boosted its holdings in LyondellBasell Industries by 9.1% during the second quarter. State Street Corp now owns 14,734,948 shares of the specialty chemicals company’s stock worth $775,795,000 after buying an additional 1,225,833 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in LyondellBasell Industries by 244.4% during the second quarter. Focus Partners Advisor Solutions LLC now owns 25,525 shares of the specialty chemicals company’s stock worth $1,344,000 after buying an additional 18,113 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $60.18 on Tuesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. The company has a market cap of $19.44 billion, a P/E ratio of -53.25, a P/E/G ratio of 0.16 and a beta of 0.30. The stock has a 50-day moving average of $62.34 and a two-hundred day moving average of $65.26. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business had revenue of $9.18 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the prior year, the company earned $0.62 earnings per share. The business’s quarterly revenue was up 19.8% on a year-over-year basis. As a group, analysts anticipate that LyondellBasell Industries will post 9.09 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently -244.25%.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.