LyondellBasell Industries (NYSE:LYB) Given Average Recommendation of “Hold” by Brokerages

Shares of LyondellBasell Industries (NYSE:LYB) have received an average rating of “Hold” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $107.27.

Several research firms have recently weighed in on LYB. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. UBS Group lowered their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Wells Fargo & Company cut their price objective on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a research report on Monday, August 5th. JPMorgan Chase & Co. lowered their target price on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a report on Tuesday, August 6th.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently added to or reduced their stakes in the business. Chilton Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the first quarter valued at $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth about $28,000. Heritage Wealth Advisors acquired a new position in LyondellBasell Industries in the 4th quarter valued at about $27,000. Gold Investment Management Ltd. bought a new position in LyondellBasell Industries in the 4th quarter valued at about $28,000. Finally, Blue Trust Inc. lifted its position in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after acquiring an additional 227 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 2.1 %

Shares of NYSE LYB opened at $94.04 on Monday. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The stock has a market cap of $30.62 billion, a P/E ratio of 14.53, a P/E/G ratio of 1.28 and a beta of 1.07. The firm has a 50 day moving average price of $96.23 and a 200 day moving average price of $97.98.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. The business had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.44 EPS. Analysts expect that LyondellBasell Industries will post 8 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $5.36 annualized dividend and a dividend yield of 5.70%. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

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.