LyondellBasell Industries (NYSE:LYB) Given Consensus Rating of “Hold” by Brokerages

LyondellBasell Industries (NYSE:LYB) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $94.33.

Several research analysts recently commented on the stock. Mizuho reduced their price target on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. The Goldman Sachs Group decreased their price target 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. StockNews.com cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Piper Sandler reaffirmed a “neutral” rating and set a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Finally, Wells Fargo & Company dropped their price target on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 10th.

LyondellBasell Industries Stock Up 0.9 %

Shares of NYSE LYB opened at $77.35 on Friday. LyondellBasell Industries has a 1 year low of $72.21 and a 1 year high of $107.02. The firm has a 50-day simple moving average of $77.63 and a two-hundred day simple moving average of $88.46. The company has a market cap of $25.12 billion, a P/E ratio of 11.77, a PEG ratio of 1.74 and a beta of 1.06. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the firm earned $2.46 EPS. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. Research analysts anticipate that LyondellBasell Industries will post 6.8 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.93%. The ex-dividend date was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Insider Activity

In related news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Several large investors have recently added to or reduced their stakes in LYB. Mercer Global Advisors Inc. ADV increased its stake in shares of LyondellBasell Industries by 5.8% in the second quarter. Mercer Global Advisors Inc. ADV now owns 76,294 shares of the specialty chemicals company’s stock worth $7,298,000 after acquiring an additional 4,206 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in LyondellBasell Industries by 6.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,479 shares of the specialty chemicals company’s stock valued at $2,522,000 after purchasing an additional 1,695 shares during the last quarter. Hsbc Holdings PLC grew its position in LyondellBasell Industries by 10.4% during the 2nd quarter. Hsbc Holdings PLC now owns 131,089 shares of the specialty chemicals company’s stock worth $12,603,000 after purchasing an additional 12,301 shares during the period. Seven Eight Capital LP purchased a new position in shares of LyondellBasell Industries during the 2nd quarter valued at about $237,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in shares of LyondellBasell Industries by 18.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 40,930 shares of the specialty chemicals company’s stock worth $3,916,000 after buying an additional 6,425 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.