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

Shares of LyondellBasell Industries (NYSE:LYB) have been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $103.82.

Several equities analysts recently commented on LYB shares. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Wednesday, January 10th. Barclays increased their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Wells Fargo & Company upped their price objective on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Citigroup increased their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the company a “neutral” rating in a research report on Wednesday, April 10th.

LyondellBasell Industries Trading Down 0.3 %

Shares of NYSE LYB opened at $99.40 on Friday. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69. The company has a market cap of $32.35 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.22 and a beta of 1.19. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. The business has a fifty day simple moving average of $100.31 and a 200-day simple moving average of $96.13.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period last year, the business earned $1.29 earnings per share. Sell-side analysts predict that LyondellBasell Industries will post 8.63 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were issued a $1.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 5.03%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In related news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares in the company, valued at $8,847,899.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,853 shares of company stock valued at $8,077,267. Corporate insiders own 0.12% of the company’s stock.

Institutional Trading of LyondellBasell Industries

A number of large investors have recently made changes to their positions in the business. Blair William & Co. IL boosted its stake in LyondellBasell Industries by 1.0% in the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after acquiring an additional 107 shares in the last quarter. Sei Investments Co. grew its position in shares of LyondellBasell Industries by 26.2% in the first quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock valued at $4,349,000 after purchasing an additional 8,596 shares during the period. Prudential PLC acquired a new stake in shares of LyondellBasell Industries in the first quarter valued at about $731,000. Cetera Investment Advisers grew its position in shares of LyondellBasell Industries by 29.0% in the first quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock valued at $770,000 after purchasing an additional 1,684 shares during the period. Finally, Moors & Cabot Inc. grew its position in shares of LyondellBasell Industries by 20.2% in the first quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock valued at $644,000 after purchasing an additional 1,053 shares during the period. 71.20% of the stock is currently owned by institutional investors.

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.