LyondellBasell Industries N.V. (NYSE:LYB) Receives $75.94 Consensus Target Price from Analysts

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have earned a consensus rating of “Hold” from the twenty-one analysts that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $73.5556.

Several equities research analysts have recently weighed in on LYB shares. Wells Fargo & Company raised LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $80.00 to $98.00 in a research note on Thursday, May 28th. BMO Capital Markets lifted their price target 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. Jefferies Financial Group boosted their price objective on LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada dropped their target price on shares of LyondellBasell Industries from $94.00 to $65.00 and set an “outperform” rating on the stock in a research report on Wednesday.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. Capital World Investors boosted its holdings in shares of LyondellBasell Industries by 13.1% during the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after purchasing an additional 1,135,258 shares during the period. Bruce & Co. Inc. lifted its position in LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock worth $2,942,000 after buying an additional 20,000 shares in the last quarter. TD Asset Management Inc lifted its position in LyondellBasell Industries by 12.8% in the 3rd quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock worth $14,029,000 after buying an additional 32,401 shares in the last quarter. Barclays PLC boosted its stake in shares of LyondellBasell Industries by 3.5% during the 3rd quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company’s stock valued at $49,352,000 after buying an additional 33,873 shares during the period. Finally, Capital International Inc. CA grew its holdings in shares of LyondellBasell Industries by 29.2% during the 3rd quarter. Capital International Inc. CA now owns 69,146 shares of the specialty chemicals company’s stock valued at $3,391,000 after acquiring an additional 15,644 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Trading Up 1.5%

LyondellBasell Industries stock opened at $53.37 on Friday. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of -21.44, a PEG ratio of 0.17 and a beta of 0.32. The firm has a 50-day moving average price of $66.46 and a two-hundred day moving average price of $61.79.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same quarter last year, the business earned $0.33 earnings per share. The business’s revenue for the quarter was down 6.3% on a year-over-year basis. Sell-side analysts expect that LyondellBasell Industries will post 8.85 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Monday, June 1st were paid a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s payout ratio 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.