LyondellBasell Industries N.V. (NYSE:LYB) Receives $51.12 Consensus Price Target from Brokerages

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned a consensus rating of “Reduce” from the twenty-three analysts that are presently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $51.1176.

Several research firms recently commented on LYB. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday, February 2nd. Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price on the stock. in a report on Wednesday, January 7th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their price target on LyondellBasell Industries from $49.00 to $51.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd.

LyondellBasell Industries Trading Down 2.7%

Shares of LyondellBasell Industries stock opened at $56.77 on Monday. The business has a fifty day simple moving average of $50.38 and a 200-day simple moving average of $49.35. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $78.41. The firm has a market cap of $18.29 billion, a price-to-earnings ratio of -24.36, a price-to-earnings-growth ratio of 0.40 and a beta of 0.70. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The business had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter last year, the firm posted $0.75 earnings per share. LyondellBasell Industries’s revenue was down 9.2% compared to the same quarter last year. On average, equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be given a $0.69 dividend. This represents a $2.76 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is -235.19%.

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in LYB. MTM Investment Management LLC acquired a new stake in shares of LyondellBasell Industries in the second quarter worth $26,000. Parvin Asset Management LLC purchased a new stake in LyondellBasell Industries in the 2nd quarter worth about $26,000. Capital A Wealth Management LLC boosted its position in LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares during the period. Stance Capital LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $27,000. Finally, EMC Capital Management purchased a new stake in shares of LyondellBasell Industries in the second quarter worth approximately $29,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

About LyondellBasell Industries

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.