LyondellBasell Industries (NYSE:LYB) Receives $103.82 Average Price Target from Analysts

Shares of LyondellBasell Industries (NYSE:LYB) have been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $103.82.

LYB has been the subject of several recent analyst reports. Citigroup upped their price objective on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Wolfe Research started coverage on shares of LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. Barclays increased their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research note on Wednesday, January 10th. Finally, Wells Fargo & Company upped their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd.

Insider Activity at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now directly owns 89,445 shares in the company, valued at $8,847,899.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, EVP Kenneth Todd Lane sold 9,489 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the completion of the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at $8,847,899.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the transaction, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock worth $8,077,267 over the last ninety days. Insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

Several hedge funds and other institutional investors have recently bought and sold shares of LYB. Valley National Advisers Inc. bought a new stake in LyondellBasell Industries in the 3rd quarter valued at about $25,000. LM Advisors LLC acquired a new position in shares of LyondellBasell Industries during the fourth quarter worth approximately $25,000. Compass Wealth Management LLC bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $25,000. FSC Wealth Advisors LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at $26,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in LyondellBasell Industries during the third quarter worth $26,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Trading Up 1.3 %

Shares of LyondellBasell Industries stock opened at $100.74 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The company has a market capitalization of $32.78 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 1.24 and a beta of 1.19. The firm’s 50-day moving average price is $100.42 and its two-hundred day moving average price is $96.22.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.07). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The business’s revenue was down 6.6% on a year-over-year basis. On average, analysts forecast that LyondellBasell Industries will post 8.63 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were given a dividend of $1.25 per share. The ex-dividend date was Friday, March 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.96%. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

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.