LyondellBasell Industries (NYSE:LYB) Receives $107.83 Consensus PT from Analysts

LyondellBasell Industries (NYSE:LYBGet Rating) has received an average rating of “Hold” from the twenty-one analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $106.26.

LYB has been the topic of several recent research reports. Alembic Global Advisors downgraded shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $120.00 to $115.00 in a research note on Tuesday, May 31st. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday. Mizuho dropped their price objective on shares of LyondellBasell Industries from $132.00 to $113.00 and set a “buy” rating on the stock in a research report on Wednesday. Jefferies Financial Group dropped their price objective on shares of LyondellBasell Industries from $135.00 to $117.00 in a research report on Thursday, June 16th. Finally, Barclays dropped their price objective on shares of LyondellBasell Industries from $110.00 to $102.00 and set an “overweight” rating on the stock in a research report on Tuesday.

LyondellBasell Industries Price Performance

Shares of LYB opened at $85.61 on Wednesday. LyondellBasell Industries has a fifty-two week low of $82.14 and a fifty-two week high of $117.22. The firm’s 50 day moving average price is $92.68 and its 200 day moving average price is $99.52. The company has a market cap of $27.93 billion, a P/E ratio of 5.22, a PEG ratio of 0.63 and a beta of 1.27. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.90.

LyondellBasell Industries (NYSE:LYBGet Rating) last announced its earnings results on Friday, July 29th. The specialty chemicals company reported $5.19 earnings per share for the quarter, topping the consensus estimate of $4.91 by $0.28. LyondellBasell Industries had a net margin of 10.19% and a return on equity of 49.41%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same period in the prior year, the firm earned $6.13 EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, research analysts forecast that LyondellBasell Industries will post 17.12 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, June 13th. Investors of record on Monday, June 6th were paid a dividend of $5.20 per share. This represents a yield of 4.2%. The ex-dividend date was Friday, June 3rd. LyondellBasell Industries’s dividend payout ratio is currently 29.01%.

Insider Buying and Selling

In related news, Director Jagjeet S. Bindra sold 2,640 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $111.44, for a total transaction of $294,201.60. Following the completion of the sale, the director now owns 7,020 shares in the company, valued at approximately $782,308.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Michael C. Mcmurray sold 33,880 shares of the firm’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $110.94, for a total value of $3,758,647.20. Following the completion of the sale, the chief financial officer now owns 39,612 shares in the company, valued at approximately $4,394,555.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $111.44, for a total transaction of $294,201.60. Following the completion of the sale, the director now owns 7,020 shares of the company’s stock, valued at approximately $782,308.80. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Institutional Trading of LyondellBasell Industries

Several hedge funds have recently made changes to their positions in LYB. Veriti Management LLC lifted its stake in shares of LyondellBasell Industries by 43.8% in the first quarter. Veriti Management LLC now owns 4,527 shares of the specialty chemicals company’s stock valued at $465,000 after purchasing an additional 1,378 shares during the period. Cerity Partners LLC increased its holdings in LyondellBasell Industries by 5.2% during the 1st quarter. Cerity Partners LLC now owns 2,654 shares of the specialty chemicals company’s stock valued at $273,000 after acquiring an additional 131 shares in the last quarter. Fulton Bank N.A. increased its holdings in LyondellBasell Industries by 3.1% during the 1st quarter. Fulton Bank N.A. now owns 4,989 shares of the specialty chemicals company’s stock valued at $512,000 after acquiring an additional 150 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in LyondellBasell Industries during the 4th quarter valued at about $7,397,000. Finally, SG Americas Securities LLC grew its holdings in shares of LyondellBasell Industries by 31.8% during the first quarter. SG Americas Securities LLC now owns 12,536 shares of the specialty chemicals company’s stock worth $1,289,000 after buying an additional 3,028 shares in the last quarter. Institutional investors and hedge funds own 69.64% of the company’s stock.

About LyondellBasell Industries

(Get Rating)

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.

See Also

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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