Brokerages Set LyondellBasell Industries N.V. (NYSE:LYB) PT at $72.56

LyondellBasell Industries N.V. (NYSE:LYB) has earned a consensus rating of “Hold” from the twenty ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $72.4118.

Several equities research analysts recently commented on the company. Zacks Research cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. UBS Group boosted their price objective on LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Alembic Global Advisors dropped their target price on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a report on Thursday, July 2nd. Wall Street Zen downgraded LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, BMO Capital Markets lifted their price target on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a “market perform” rating in a report on Monday, August 3rd.

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently bought and sold shares of LYB. BlackRock Inc. raised its position in shares of LyondellBasell Industries by 16.7% during the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock valued at $1,542,585,000 after buying an additional 4,185,571 shares during the period. California State Teachers Retirement System grew its position in LyondellBasell Industries by 5,280.5% in the second quarter. California State Teachers Retirement System now owns 15,773,782 shares of the specialty chemicals company’s stock worth $830,490,000 after acquiring an additional 15,480,616 shares during the period. State Street Corp grew its position in LyondellBasell Industries by 2.7% in the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock worth $586,486,000 after acquiring an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. increased its stake in LyondellBasell Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock worth $437,420,000 after acquiring an additional 399,130 shares during the last quarter. Finally, Capital World Investors increased its stake in LyondellBasell Industries by 0.4% during the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after acquiring an additional 36,187 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Stock Performance

LYB opened at $63.72 on Friday. 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 1.07, a current ratio of 1.64 and a debt-to-equity ratio of 1.05. The firm’s fifty day simple moving average is $61.72 and its two-hundred day simple moving average is $66.05. The company has a market cap of $20.58 billion, a price-to-earnings ratio of -56.38, a PEG ratio of 0.17 and a beta of 0.31.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating 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 company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the prior year, the company earned $0.62 EPS. LyondellBasell Industries’s revenue was up 19.8% compared to the same quarter last year. Equities analysts anticipate that LyondellBasell Industries will post 9.18 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 given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -244.25%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.