LyondellBasell Industries N.V. (NYSE:LYB) Receives Average Rating of “Hold” from Brokerages

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have received a consensus recommendation of “Hold” from the twenty-three ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $65.6111.

A number of research firms recently commented on LYB. Wall Street Zen upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Wells Fargo & Company lifted their target price on LyondellBasell Industries from $48.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Wolfe Research lowered their target price on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a research note on Monday, February 2nd. Finally, Royal Bank Of Canada upgraded shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $51.00 to $82.00 in a research report on Monday, March 9th.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its holdings in shares of LyondellBasell Industries by 62.2% in the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock valued at $2,583,000 after purchasing an additional 16,234 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of LyondellBasell Industries by 375.1% during the 2nd quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock worth $1,042,000 after acquiring an additional 14,217 shares in the last quarter. Hosking Partners LLP lifted its stake in shares of LyondellBasell Industries by 33.3% in the third quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock worth $29,208,000 after buying an additional 148,673 shares during the last quarter. Capital World Investors increased its stake in shares of LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after purchasing an additional 1,135,258 shares during the period. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries in the second quarter worth $280,000,000. 71.20% of the stock is currently owned by institutional investors.

LyondellBasell Industries Trading Up 0.6%

LYB opened at $77.66 on Friday. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $78.68. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The stock has a market capitalization of $25.02 billion, a PE ratio of -33.33, a P/E/G ratio of 0.44 and a beta of 0.64. The firm’s fifty day moving average price is $60.14 and its 200 day moving average price is $51.42.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 20th. The specialty chemicals company reported ($0.26) earnings per share for the quarter. The company had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.6%. LyondellBasell Industries’s dividend payout ratio is -118.45%.

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.