LyondellBasell Industries (NYSE:LYB) Given Consensus Rating of “Hold” by Analysts

LyondellBasell Industries (NYSE:LYB) has been given a consensus rating of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $105.08.

A number of research firms have issued reports on LYB. Mizuho raised their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday, April 29th. BMO Capital Markets lifted their price target on LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. boosted their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. Royal Bank of Canada raised their price objective on LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Finally, Wells Fargo & Company upped their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LYB. Vanguard Group Inc. increased its position in shares of LyondellBasell Industries by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company’s stock worth $2,968,726,000 after purchasing an additional 290,401 shares in the last quarter. Morgan Stanley increased its stake in shares of LyondellBasell Industries by 9.9% in the 3rd quarter. Morgan Stanley now owns 6,305,596 shares of the specialty chemicals company’s stock worth $597,140,000 after acquiring an additional 569,887 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of LyondellBasell Industries by 0.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,683,892 shares of the specialty chemicals company’s stock valued at $540,424,000 after acquiring an additional 33,212 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 35.5% in the fourth quarter. Pacer Advisors Inc. now owns 3,571,985 shares of the specialty chemicals company’s stock valued at $339,624,000 after purchasing an additional 935,430 shares during the period. Finally, Capital World Investors increased its position in LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after purchasing an additional 600,554 shares during the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Stock Up 0.3 %

Shares of LYB stock opened at $94.93 on Wednesday. The stock’s fifty day moving average price is $98.03 and its 200 day moving average price is $98.03. LyondellBasell Industries has a 1-year low of $87.91 and a 1-year high of $107.02. The company has a market cap of $30.91 billion, a price-to-earnings ratio of 14.67, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.50 earnings per share. On average, research analysts expect that LyondellBasell Industries will post 8.5 earnings per share for the current fiscal year.

LyondellBasell Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Monday, June 3rd were paid a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 5.65%. The ex-dividend date was Monday, June 3rd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $1.25. LyondellBasell Industries’s payout ratio is currently 82.84%.

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.