Brokerages Set LyondellBasell Industries N.V. (NYSE:LYB) Target Price at $71.94

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned an average rating of “Hold” from the twenty-one ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $71.9444.

LYB has been the topic of several recent analyst reports. Wolfe Research boosted their target price on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $80.00 to $98.00 in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Tuesday, May 5th. Weiss Ratings cut LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, June 24th. Finally, Royal Bank Of Canada lowered their price target on LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st.

LyondellBasell Industries Stock Down 2.3%

NYSE LYB opened at $60.30 on Thursday. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The business’s fifty day simple moving average is $61.65 and its 200-day simple moving average is $63.30. The firm has a market cap of $19.46 billion, a PE ratio of -24.22, a P/E/G ratio of 0.20 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter in the previous year, the company posted $0.33 EPS. The company’s revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts anticipate that LyondellBasell Industries will post 8.57 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Monday, June 1st were paid a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.76 annualized dividend and a yield of 4.6%. LyondellBasell Industries’s dividend payout ratio is presently -110.84%.

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at $48,000. Quarry LP acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at about $31,000. Clearstead Advisors LLC raised its position in LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new position in shares of LyondellBasell Industries in the 2nd quarter valued at about $39,000. Finally, ORG Partners LLC grew its position in shares of LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 624 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.