LyondellBasell Industries N.V. (NYSE:LYB) Receives $53.65 Consensus Price Target from Analysts

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have been given an average recommendation of “Reduce” by the twenty-two ratings firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $53.3333.

A number of research firms have weighed in on LYB. Jefferies Financial Group lowered their target price on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating for the company in a report on Monday, December 8th. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research report on Wednesday, October 1st. BMO Capital Markets reissued an “underperform” rating and issued a $36.00 price target (down previously from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. UBS Group cut their price objective on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a report on Tuesday, December 23rd. Finally, Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd.

Insider Activity at LyondellBasell Industries

In related news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average cost of $43.56 per share, with a total value of $246,593.16. Following the completion of the acquisition, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by insiders.

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently modified their holdings of LYB. MTM Investment Management LLC purchased a new position in LyondellBasell Industries in the 2nd quarter valued at $26,000. Parvin Asset Management LLC purchased a new stake in shares of LyondellBasell Industries during the second quarter worth $26,000. Capital A Wealth Management LLC raised its position in shares of LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the last quarter. Stance Capital LLC purchased a new position in shares of LyondellBasell Industries in the third quarter worth about $27,000. Finally, Hilltop National Bank acquired a new position in LyondellBasell Industries during the second quarter worth about $29,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 2.2%

Shares of NYSE:LYB opened at $48.70 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00. The business’s 50 day moving average is $44.55 and its 200 day moving average is $50.86. The stock has a market cap of $15.67 billion, a P/E ratio of -12.99 and a beta of 0.70. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $79.39.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.21. The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The business’s revenue for the quarter was down 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $1.88 EPS. Sell-side analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a dividend of $1.37 per share. The ex-dividend date was Monday, December 1st. This represents a $5.48 dividend on an annualized basis and a dividend yield of 11.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -146.13%.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.