Citigroup began coverage on shares of LyondellBasell Industries (NYSE:LYB) in a research note published on Friday morning, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $92.00 target price on the specialty chemicals company’s stock.

Other research analysts have also recently issued reports about the company. Bank of America set a $18.00 price target on Victory Capital and gave the stock a buy rating in a report on Tuesday, April 2nd. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the stock a buy rating in a report on Friday, April 26th. UBS Group boosted their price target on LyondellBasell Industries from $86.00 to $89.00 and gave the stock a neutral rating in a report on Thursday, July 11th. Deutsche Bank reissued a buy rating and issued a GBX 430 ($5.62) price target on shares of in a report on Monday, June 17th. Finally, Jefferies Financial Group boosted their price target on LyondellBasell Industries from $99.00 to $104.00 and gave the stock a buy rating in a report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have assigned a buy rating to the company. LyondellBasell Industries has a consensus rating of Hold and an average price target of $109.56.

NYSE LYB opened at $85.88 on Friday. The business has a 50 day simple moving average of $83.89. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.74. LyondellBasell Industries has a 12 month low of $73.94 and a 12 month high of $116.63. The stock has a market cap of $31.51 billion, a PE ratio of 7.62, a PEG ratio of 0.91 and a beta of 1.27.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $9.47 billion. During the same period in the previous year, the firm earned $3.11 EPS. The firm’s revenue was down 10.1% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries will post 10.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $1.05 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 4.89%. LyondellBasell Industries’s payout ratio is presently 37.27%.

A number of large investors have recently added to or reduced their stakes in the business. Deprince Race & Zollo Inc. lifted its stake in LyondellBasell Industries by 48.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 173,203 shares of the specialty chemicals company’s stock valued at $14,404,000 after acquiring an additional 56,616 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of LyondellBasell Industries by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,496,178 shares of the specialty chemicals company’s stock worth $124,420,000 after buying an additional 229,894 shares during the last quarter. Natixis Advisors L.P. lifted its stake in shares of LyondellBasell Industries by 16.2% during the 4th quarter. Natixis Advisors L.P. now owns 31,518 shares of the specialty chemicals company’s stock worth $2,621,000 after buying an additional 4,385 shares during the last quarter. Brown Advisory Inc. lifted its stake in shares of LyondellBasell Industries by 14.3% during the 4th quarter. Brown Advisory Inc. now owns 63,471 shares of the specialty chemicals company’s stock worth $5,277,000 after buying an additional 7,947 shares during the last quarter. Finally, Kinneret Advisory LLC acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $128,000. 68.97% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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