LyondellBasell Industries (NYSE:LYB) Price Target Raised to $105.00

LyondellBasell Industries (NYSE:LYB) had its price target upped by Deutsche Bank Aktiengesellschaft from $100.00 to $105.00 in a report released on Tuesday, Benzinga reports. The firm currently has a hold rating on the specialty chemicals company’s stock.

Other equities analysts have also issued research reports about the company. Citigroup raised their price target on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a neutral rating in a report on Wednesday, April 10th. Wolfe Research assumed coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an underperform rating on the stock. Vertical Research raised LyondellBasell Industries from a hold rating to a buy rating in a report on Wednesday, January 3rd. Royal Bank of Canada boosted their price objective on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an outperform rating in a research note on Monday. Finally, Mizuho upped their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a neutral rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, LyondellBasell Industries has an average rating of Hold and a consensus target price of $104.75.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded up $0.34 on Tuesday, hitting $99.12. The stock had a trading volume of 1,506,977 shares, compared to its average volume of 1,925,721. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.44 and a beta of 1.18. 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 has a 52-week low of $84.80 and a 52-week high of $106.69. The company’s 50 day moving average price is $101.08 and its 200 day moving average price is $96.67.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same period in the prior year, the company earned $2.50 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at approximately $8,960,440.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Michael C. Mcmurray sold 16,940 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 80,853 shares of company stock worth $8,077,267. Corporate insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Valley National Advisers Inc. acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at approximately $25,000. FSC Wealth Advisors LLC acquired a new stake in LyondellBasell Industries in the third quarter valued at $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in LyondellBasell Industries during the 3rd quarter valued at $26,000. McIlrath & Eck LLC grew its holdings in LyondellBasell Industries by 100.7% during the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares in the last quarter. Finally, Heritage Wealth Advisors bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $27,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Company Profile

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.