LyondellBasell Industries N.V. (NYSE:LYB) Receives $72.56 Consensus Target Price from Brokerages

LyondellBasell Industries N.V. (NYSE:LYB) has received a consensus rating of “Hold” from the twenty-one brokerages that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $72.5556.

Several research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Tuesday, May 5th. Wall Street Zen raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Citigroup reduced their target price on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. Evercore lifted their target price on shares of LyondellBasell Industries from $70.00 to $73.00 in a research report on Thursday, May 14th. Finally, Morgan Stanley lowered their price target on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating for the company in a research note on Monday, July 20th.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in LyondellBasell Industries by 16.7% during the 2nd quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock worth $1,542,585,000 after acquiring an additional 4,185,571 shares during the last quarter. State Street Corp boosted its stake in shares of LyondellBasell Industries by 2.7% during the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after purchasing an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of LyondellBasell Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after purchasing an additional 399,130 shares during the period. Capital World Investors grew its holdings in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after purchasing an additional 36,187 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $65.99 on Monday. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $21.32 billion, a PE ratio of -58.40, a price-to-earnings-growth ratio of 0.17 and a beta of 0.31. The business’s 50-day moving average price is $59.43 and its 200-day moving average price is $64.97. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.44 by $0.86. The company had revenue of $9.18 billion during the quarter, compared to the consensus estimate of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.LyondellBasell Industries’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 9.39 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 24th will be issued a $0.69 dividend. The ex-dividend date is Monday, August 24th. This represents a $2.76 annualized dividend and a dividend yield of 4.2%. LyondellBasell Industries’s payout ratio is currently -244.25%.

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.