LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $95.00 at Barclays

LyondellBasell Industries (NYSE:LYB) had its target price reduced by Barclays from $99.00 to $95.00 in a research report report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the specialty chemicals company’s stock.

Several other research analysts also recently issued reports on the stock. Royal Bank of Canada dropped their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft upped their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Wells Fargo & Company reduced their target price on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Evercore ISI raised LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. dropped their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $100.56.

LyondellBasell Industries Stock Up 1.0 %

LYB stock opened at $87.33 on Monday. The business has a 50 day moving average of $92.81 and a 200 day moving average of $95.71. The firm has a market cap of $28.36 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.08. LyondellBasell Industries has a twelve month low of $83.36 and a twelve month high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.46 earnings per share. On average, research analysts forecast that LyondellBasell Industries will post 7.38 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 annualized dividend and a yield of 6.14%. LyondellBasell Industries’s payout ratio is 81.58%.

Institutional Trading of LyondellBasell Industries

Several large investors have recently added to or reduced their stakes in LYB. Rockland Trust Co. increased its position in LyondellBasell Industries by 0.9% in the third quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after buying an additional 112 shares in the last quarter. Petredis Investment Advisors LLC increased its holdings in LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after acquiring an additional 116 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in LyondellBasell Industries by 0.9% during the second quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 120 shares in the last quarter. RDA Financial Network boosted its position in shares of LyondellBasell Industries by 3.9% in the second quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock worth $313,000 after purchasing an additional 122 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of LyondellBasell Industries by 25.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 122 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

About LyondellBasell Industries

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.