LyondellBasell Industries (LYB) – Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for LyondellBasell Industries (NYSE: LYB):

• 4/10/2024 – LyondellBasell Industries had its price target raised by analysts at Citigroup Inc. from $96.00 to $104.00. They now have a “neutral” rating on the stock.
• 4/4/2024 – LyondellBasell Industries had its price target raised by analysts at Barclays PLC from $98.00 to $100.00. They now have an “equal weight” rating on the stock.
• 4/2/2024 – LyondellBasell Industries had its price target raised by analysts at Wells Fargo & Company from $105.00 to $117.00. They now have an “overweight” rating on the stock.
• 3/22/2024 – LyondellBasell Industries had its price target raised by analysts at JPMorgan Chase & Co. from $100.00 to $105.00. They now have an “overweight” rating on the stock.
• 3/1/2024 – LyondellBasell Industries is now covered by analysts at Wolfe Research. They set an “underperform” rating on the stock.

LyondellBasell Industries Stock Down 1.2 %

Shares of NYSE:LYB traded down $1.23 during trading on Wednesday, reaching $103.53. 1,408,219 shares of the stock traded hands, compared to its average volume of 1,981,066. The stock has a 50-day moving average of $99.35 and a two-hundred day moving average of $95.84. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $106.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The stock has a market cap of $33.60 billion, a P/E ratio of 16.00, a price-to-earnings-growth ratio of 1.26 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last issued its 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 company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.85 billion. During the same quarter in the prior year, the business posted $1.29 EPS. The company’s revenue for the quarter was down 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that LyondellBasell Industries will post 8.81 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is currently 77.28%.

Insider Buying and Selling

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the 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 transaction, the executive vice president now owns 89,445 shares in the company, valued at $8,847,899.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 80,853 shares of company stock worth $8,077,267. 0.12% of the stock is owned by insiders.

Institutional Trading of LyondellBasell Industries

Several institutional investors and hedge funds have recently modified their holdings of LYB. Blair William & Co. IL raised its position in shares of LyondellBasell Industries by 1.0% during the 1st quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after purchasing an additional 107 shares during the period. Sei Investments Co. grew its stake in shares of LyondellBasell Industries by 26.2% in the 1st quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock worth $4,349,000 after buying an additional 8,596 shares in the last quarter. Prudential PLC purchased a new position in shares of LyondellBasell Industries in the 1st quarter worth $731,000. Cetera Investment Advisers grew its stake in shares of LyondellBasell Industries by 29.0% in the 1st quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock worth $770,000 after buying an additional 1,684 shares in the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of LyondellBasell Industries by 20.2% in the 1st quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock worth $644,000 after buying an additional 1,053 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

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.