LyondellBasell Industries (NYSE:LYB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of LyondellBasell Industries (NYSE:LYB) from a buy rating to a strong-buy rating in a report released on Saturday morning.

LYB has been the subject of a number of other research reports. Citigroup dropped their target price on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Wells Fargo & Company raised shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $80.00 to $98.00 in a research report on Thursday, May 28th. Morgan Stanley decreased their price objective 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. Weiss Ratings raised shares of LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, August 3rd. Finally, UBS Group raised their target price on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $65.20 on Friday. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $83.94. The stock has a market capitalization of $21.06 billion, a P/E ratio of -57.70, a PEG ratio of 0.18 and a beta of 0.31. 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 business’s fifty day moving average price is $59.63 and its 200 day moving average price is $65.31.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. The firm 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%.The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries will post 9.24 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 24th will be given a $0.69 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $2.76 annualized dividend and a yield of 4.2%. LyondellBasell Industries’s dividend payout ratio (DPR) is -244.25%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LYB. Jamison Private Wealth Management Inc. grew its holdings in LyondellBasell Industries by 1.6% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock valued at $879,000 after purchasing an additional 172 shares in the last quarter. Investment Research Partners LLC lifted its holdings in LyondellBasell Industries by 4.4% in the 4th quarter. Investment Research Partners LLC now owns 5,100 shares of the specialty chemicals company’s stock worth $221,000 after buying an additional 214 shares in the last quarter. Ipsen Advisor Group LLC boosted its position in LyondellBasell Industries by 2.4% in the 1st quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock valued at $754,000 after buying an additional 216 shares during the last quarter. Rothschild Investment LLC boosted its position in LyondellBasell Industries by 3.5% in the 4th quarter. Rothschild Investment LLC now owns 8,025 shares of the specialty chemicals company’s stock valued at $347,000 after buying an additional 272 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of LyondellBasell Industries by 5.6% during the third quarter. Moors & Cabot Inc. now owns 5,495 shares of the specialty chemicals company’s stock valued at $269,000 after acquiring an additional 293 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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.