Shares of LyondellBasell Industries (NYSE:LYB – Get Rating) have earned a consensus rating of “Hold” from the nineteen analysts that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $93.39.
LYB has been the subject of a number of research analyst reports. Barclays downgraded LyondellBasell Industries from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $95.00 to $82.00 in a report on Monday, October 31st. Piper Sandler lowered their target price on LyondellBasell Industries from $98.00 to $95.00 and set a “neutral” rating for the company in a report on Monday, October 10th. Mizuho lifted their target price on LyondellBasell Industries from $88.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, January 12th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Saturday. Finally, UBS Group boosted their price objective on LyondellBasell Industries from $81.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, January 11th.
Institutional Trading of LyondellBasell Industries
Several hedge funds have recently made changes to their positions in LYB. Alpha Paradigm Partners LLC bought a new stake in shares of LyondellBasell Industries in the second quarter valued at $26,000. Chilton Capital Management LLC bought a new stake in shares of LyondellBasell Industries in the second quarter valued at $26,000. Trust Co. of Vermont raised its stake in shares of LyondellBasell Industries by 1,033.3% during the 3rd quarter. Trust Co. of Vermont now owns 340 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 310 shares during the period. CI Investments Inc. raised its stake in shares of LyondellBasell Industries by 1,006.5% during the 3rd quarter. CI Investments Inc. now owns 343 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 312 shares during the period. Finally, Leelyn Smith LLC bought a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at $29,000. 91.12% of the stock is currently owned by institutional investors.
LyondellBasell Industries Price Performance
LyondellBasell Industries (NYSE:LYB – Get Rating) last issued its quarterly earnings data on Friday, October 28th. The specialty chemicals company reported $1.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.96 by ($1.00). The company had revenue of $12.25 billion for the quarter, compared to the consensus estimate of $13.28 billion. LyondellBasell Industries had a return on equity of 39.88% and a net margin of 8.03%. As a group, equities research analysts anticipate that LyondellBasell Industries will post 12.26 earnings per share for the current year.
LyondellBasell Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 5th. Shareholders of record on Monday, November 28th were given a $1.19 dividend. The ex-dividend date of this dividend was Friday, November 25th. This represents a $4.76 annualized dividend and a yield of 5.13%. LyondellBasell Industries’s dividend payout ratio is currently 36.87%.
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.
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