LyondellBasell Industries (NYSE:LYB) Price Target Raised to $108.00 at Mizuho

LyondellBasell Industries (NYSE:LYB) had its price objective raised by Mizuho from $98.00 to $108.00 in a research report report published on Monday morning, Benzinga reports. The firm currently has a neutral rating on the specialty chemicals company’s stock.

LYB has been the subject of several other research reports. Citigroup upped their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a neutral rating in a research report on Wednesday, April 10th. Wolfe Research began coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They issued an underperform rating for the company. Wells Fargo & Company upped their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a buy rating to a hold rating and set a $105.00 price objective for the company. in a research report on Wednesday, January 10th. Finally, Royal Bank of Canada restated an outperform rating and set a $107.00 price objective on shares of LyondellBasell Industries in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Hold and an average target price of $104.67.

LyondellBasell Industries Trading Down 0.4 %

Shares of LyondellBasell Industries stock opened at $101.70 on Monday. The company has a fifty day simple moving average of $100.95 and a 200-day simple moving average of $96.58. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The stock has a market cap of $33.10 billion, a price-to-earnings ratio of 15.72, a PEG ratio of 1.25 and a beta of 1.19. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The firm had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. LyondellBasell Industries’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 8.69 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid 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 4.92%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold a total of 80,853 shares of company stock valued at $8,077,267 in the last ninety days. 0.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently added to or reduced their stakes in LYB. Ballentine Partners LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at about $228,000. Valeo Financial Advisors LLC grew its stake in LyondellBasell Industries by 6.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,701 shares of the specialty chemicals company’s stock valued at $540,000 after acquiring an additional 365 shares during the last quarter. Busey Trust CO grew its stake in LyondellBasell Industries by 1.8% in the 3rd quarter. Busey Trust CO now owns 81,685 shares of the specialty chemicals company’s stock valued at $7,736,000 after acquiring an additional 1,425 shares during the last quarter. Accurate Wealth Management LLC grew its stake in LyondellBasell Industries by 6.7% in the 3rd quarter. Accurate Wealth Management LLC now owns 6,138 shares of the specialty chemicals company’s stock valued at $582,000 after acquiring an additional 384 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 3.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,393 shares of the specialty chemicals company’s stock worth $3,446,000 after purchasing an additional 1,095 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

About LyondellBasell Industries

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.