Analysts Set LyondellBasell Industries (NYSE:LYB) Target Price at $96.27

Shares of LyondellBasell Industries (NYSE:LYB) have been given an average recommendation of “Hold” by the fourteen analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $96.27.

A number of analysts have recently commented on LYB shares. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Tuesday. Piper Sandler dropped their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group decreased their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Barclays dropped their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama lifted its position in LyondellBasell Industries by 0.4% during the second quarter. Retirement Systems of Alabama now owns 56,744 shares of the specialty chemicals company’s stock worth $5,428,000 after buying an additional 249 shares in the last quarter. Atomi Financial Group Inc. purchased a new position in shares of LyondellBasell Industries during the 2nd quarter worth $326,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of LyondellBasell Industries by 1.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,059 shares of the specialty chemicals company’s stock valued at $3,641,000 after acquiring an additional 484 shares during the last quarter. HB Wealth Management LLC grew its holdings in shares of LyondellBasell Industries by 70.3% in the second quarter. HB Wealth Management LLC now owns 8,297 shares of the specialty chemicals company’s stock valued at $794,000 after purchasing an additional 3,425 shares during the period. Finally, Whittier Trust Co. increased its position in LyondellBasell Industries by 2.6% during the second quarter. Whittier Trust Co. now owns 5,661 shares of the specialty chemicals company’s stock worth $541,000 after purchasing an additional 141 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

Shares of NYSE:LYB opened at $74.14 on Wednesday. LyondellBasell Industries has a twelve month low of $72.93 and a twelve month high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The company has a market cap of $24.08 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The company’s 50 day moving average is $81.51 and its 200 day moving average is $90.66.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company earned $2.46 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts forecast that LyondellBasell Industries will post 7.02 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is presently 81.58%.

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.