Brokerages Set LyondellBasell Industries (NYSE:LYB) PT at $87.58

LyondellBasell Industries (NYSE:LYB) has been given a consensus rating of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $82.33.

Several analysts have recently commented on the stock. UBS Group reduced their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating on the stock in a research report on Monday, February 3rd. Morgan Stanley reduced their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a report on Friday. The Goldman Sachs Group decreased their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, Barclays lowered their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st.

Insider Activity

In other news, Director Michael Sean Hanley acquired 3,750 shares of LyondellBasell Industries stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the purchase, the director now owns 16,028 shares in the company, valued at $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Large investors have recently bought and sold shares of the business. Public Sector Pension Investment Board increased its position in LyondellBasell Industries by 19.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 11,279 shares of the specialty chemicals company’s stock valued at $1,082,000 after acquiring an additional 1,800 shares during the period. Hilltop Holdings Inc. increased its holdings in shares of LyondellBasell Industries by 58.6% in the third quarter. Hilltop Holdings Inc. now owns 7,282 shares of the specialty chemicals company’s stock valued at $698,000 after purchasing an additional 2,692 shares during the period. Investment Management Corp of Ontario increased its holdings in shares of LyondellBasell Industries by 20.8% in the third quarter. Investment Management Corp of Ontario now owns 16,249 shares of the specialty chemicals company’s stock valued at $1,558,000 after purchasing an additional 2,800 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of LyondellBasell Industries by 10.6% during the third quarter. Integrated Wealth Concepts LLC now owns 7,460 shares of the specialty chemicals company’s stock worth $715,000 after purchasing an additional 717 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in shares of LyondellBasell Industries by 27.8% during the third quarter. IHT Wealth Management LLC now owns 4,530 shares of the specialty chemicals company’s stock worth $434,000 after purchasing an additional 985 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 8.1 %

Shares of NYSE LYB opened at $57.98 on Friday. The stock has a market cap of $18.75 billion, a PE ratio of 14.00, a P/E/G ratio of 0.97 and a beta of 0.89. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a 12-month low of $57.57 and a 12-month high of $107.02. The company has a 50-day moving average of $74.48 and a 200 day moving average of $80.14.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the firm posted $1.26 earnings per share. As a group, sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 10th were issued a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a yield of 9.24%. LyondellBasell Industries’s payout ratio is currently 129.47%.

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.