LyondellBasell Industries (NYSE:LYB – Get Rating) has earned a consensus recommendation of “Hold” from the twenty-one analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $107.83.
LYB has been the topic of several research analyst reports. Morgan Stanley lowered their price target on LyondellBasell Industries from $127.00 to $115.00 and set an “overweight” rating on the stock in a research report on Tuesday. Alembic Global Advisors lowered shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $120.00 to $115.00 in a report on Tuesday, May 31st. Barclays reduced their price target on shares of LyondellBasell Industries from $110.00 to $102.00 and set a “maintains” rating on the stock in a research report on Tuesday. Credit Suisse Group initiated coverage on shares of LyondellBasell Industries in a research report on Monday, June 27th. They issued an “underperform” rating and a $70.00 price objective on the stock. Finally, Mizuho boosted their price target on shares of LyondellBasell Industries from $125.00 to $132.00 in a research report on Tuesday, May 3rd.
Insider Transactions at LyondellBasell Industries
In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 33,880 shares of the stock in a transaction dated Wednesday, June 8th. The stock was sold at an average price of $110.94, for a total value of $3,758,647.20. Following the sale, the chief financial officer now owns 39,612 shares of the company’s stock, valued at approximately $4,394,555.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Michael C. Mcmurray sold 33,880 shares of the firm’s stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $110.94, for a total value of $3,758,647.20. Following the completion of the sale, the chief financial officer now directly owns 39,612 shares of the company’s stock, valued at approximately $4,394,555.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jagjeet S. Bindra sold 2,640 shares of LyondellBasell Industries stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $111.44, for a total value of $294,201.60. Following the transaction, the director now directly owns 7,020 shares of the company’s stock, valued at $782,308.80. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.
Institutional Trading of LyondellBasell Industries
LyondellBasell Industries Stock Performance
Shares of NYSE LYB opened at $85.47 on Wednesday. The stock has a fifty day moving average price of $94.30 and a two-hundred day moving average price of $99.84. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.01 and a current ratio of 1.68. The firm has a market cap of $28.00 billion, a P/E ratio of 5.21, a PEG ratio of 0.64 and a beta of 1.27. LyondellBasell Industries has a 1 year low of $82.14 and a 1 year high of $117.22.
LyondellBasell Industries (NYSE:LYB – Get Rating) last released its earnings results on Friday, July 29th. The specialty chemicals company reported $5.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $0.28. LyondellBasell Industries had a return on equity of 49.42% and a net margin of 10.19%. The company had revenue of $14.84 billion during the quarter, compared to analyst estimates of $13.70 billion. During the same quarter in the prior year, the company earned $6.13 earnings per share. The company’s revenue for the quarter was up 28.3% on a year-over-year basis. Research analysts forecast that LyondellBasell Industries will post 17.4 EPS for the current fiscal year.
LyondellBasell Industries Announces Dividend
The business also recently announced a special dividend, which was paid on Monday, June 13th. Shareholders of record on Monday, June 6th were issued a $5.20 dividend. This represents a yield of 4.2%. The ex-dividend date was Friday, June 3rd. LyondellBasell Industries’s payout ratio is currently 29.01%.
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.
- Get a free copy of the StockNews.com research report on LyondellBasell Industries (LYB)
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