LyondellBasell Industries N.V. (NYSE:LYB) Given Average Rating of “Hold” by Brokerages

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have earned an average recommendation of “Hold” from the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $71.9444.

LYB has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Monday, July 13th. The Goldman Sachs Group upped their price objective on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research note on Monday, May 4th. Jefferies Financial Group boosted their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Alembic Global Advisors lowered their price objective on shares of LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating on the stock in a research note on Thursday, July 2nd. Finally, Mizuho dropped their price objective on LyondellBasell Industries from $76.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Handelsbanken Fonder AB bought a new position in LyondellBasell Industries in the 2nd quarter valued at about $2,843,000. Contravisory Investment Management Inc. bought a new position in shares of LyondellBasell Industries during the second quarter worth approximately $53,000. Arista Wealth Management LLC bought a new stake in LyondellBasell Industries in the 2nd quarter valued at $263,000. Kwmg LLC grew its holdings in LyondellBasell Industries by 3.3% in the 2nd quarter. Kwmg LLC now owns 98,965 shares of the specialty chemicals company’s stock valued at $5,211,000 after buying an additional 3,162 shares in the last quarter. Finally, Czech National Bank lifted its holdings in shares of LyondellBasell Industries by 4.8% during the second quarter. Czech National Bank now owns 73,502 shares of the specialty chemicals company’s stock worth $3,870,000 after buying an additional 3,373 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $60.50 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The firm has a market cap of $19.53 billion, a price-to-earnings ratio of -24.30, a price-to-earnings-growth ratio of 0.19 and a beta of 0.32. The stock’s 50-day moving average is $60.83 and its 200-day moving average is $63.69. LyondellBasell Industries has a one year low of $41.58 and a one year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the company earned $0.33 earnings per share. LyondellBasell Industries’s quarterly revenue was down 6.3% on a year-over-year basis. Equities analysts predict that LyondellBasell Industries will post 8.57 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, June 8th. Shareholders of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s payout ratio is -110.84%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.