LyondellBasell Industries (NYSE:LYB) Receives Consensus Recommendation of “Hold” from Brokerages

LyondellBasell Industries (NYSE:LYBGet 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Brown Advisory Inc. bought a new position in LyondellBasell Industries during the 4th quarter valued at $255,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth $13,048,000. Yousif Capital Management LLC acquired a new position in LyondellBasell Industries during the fourth quarter worth $4,476,000. Dupont Capital Management Corp increased its position in LyondellBasell Industries by 48.3% during the fourth quarter. Dupont Capital Management Corp now owns 2,770 shares of the specialty chemicals company’s stock worth $255,000 after buying an additional 902 shares during the last quarter. Finally, CWM LLC acquired a new stake in shares of LyondellBasell Industries in the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 69.64% of the company’s stock.

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:LYBGet 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

(Get Rating)

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.

See Also

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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