LyondellBasell Industries (NYSE:LYB) Given New $100.00 Price Target at JPMorgan Chase & Co.

LyondellBasell Industries (NYSE:LYB) had its price objective trimmed by JPMorgan Chase & Co. from $110.00 to $100.00 in a report issued on Monday, Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

A number of other brokerages also recently commented on LYB. UBS Group decreased their price target on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Barclays decreased their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Mizuho decreased their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $100.56.

LyondellBasell Industries Stock Down 0.4 %

LYB traded down $0.32 during mid-day trading on Monday, reaching $83.87. 703,772 shares of the stock were exchanged, compared to its average volume of 1,838,035. LyondellBasell Industries has a 1 year low of $83.36 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a market capitalization of $27.27 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08. The company has a 50 day moving average price of $93.28 and a two-hundred day moving average price of $95.88.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. As a group, research analysts anticipate that LyondellBasell Industries will post 7.53 EPS for the current year.

LyondellBasell Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.39%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 81.58%.

Hedge Funds Weigh In On LyondellBasell Industries

A number of large investors have recently made changes to their positions in LYB. CVA Family Office LLC lifted its holdings in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of LyondellBasell Industries in the first quarter worth about $27,000. Beacon Capital Management LLC bought a new position in shares of LyondellBasell Industries in the first quarter valued at approximately $28,000. Matrix Trust Co purchased a new position in LyondellBasell Industries during the third quarter valued at approximately $30,000. Finally, Blue Trust Inc. increased its holdings in LyondellBasell Industries by 311.0% during the 2nd 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 period. 71.20% of the stock is owned by institutional investors.

About LyondellBasell Industries

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.