Analysts Set LyondellBasell Industries N.V. (NYSE:LYB) PT at $77.24

LyondellBasell Industries N.V. (NYSE:LYB) has received a consensus rating of “Hold” from the twenty-one research firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $76.7059.

Several research analysts have commented on the company. BMO Capital Markets boosted their target price on LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Citigroup decreased their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. The Goldman Sachs Group upped their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a research report on Monday, May 4th. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, May 19th. Finally, Jefferies Financial Group boosted their target price on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, April 16th.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of LYB. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries during the third quarter valued at about $27,000. Banque Cantonale Vaudoise acquired a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $48,000. United Community Bank increased its stake in shares of LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 283 shares during the period. Quarry LP bought a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $31,000. Finally, Clearstead Advisors LLC raised its holdings in LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 0.1%

Shares of LYB opened at $64.58 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.54. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The firm has a market cap of $20.84 billion, a price-to-earnings ratio of -25.93, a PEG ratio of 0.15 and a beta of 0.28. The business’s fifty day moving average is $72.77 and its 200-day moving average is $59.93.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.LyondellBasell Industries’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. Equities analysts anticipate that LyondellBasell Industries will post 8.73 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Monday, June 1st will be issued a dividend of $0.69 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.76 annualized dividend and a dividend yield of 4.3%. LyondellBasell Industries’s dividend payout ratio (DPR) is -110.84%.

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.