LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $99.00 at Barclays

LyondellBasell Industries (NYSE:LYB) had its price target cut by Barclays from $101.00 to $99.00 in a research note released on Monday morning, Benzinga reports. The firm currently has an equal weight rating on the specialty chemicals company’s stock.

A number of other equities analysts also recently issued reports on LYB. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $117.00 to $110.00 and set an overweight rating for the company in a report on Monday, August 5th. Evercore ISI upgraded LyondellBasell Industries to a hold rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a hold rating in a research note on Tuesday, August 6th. UBS Group cut their price target on LyondellBasell Industries from $106.00 to $101.00 and set a neutral rating for the company in a research note on Tuesday, July 9th. Finally, JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $113.00 to $110.00 and set an overweight rating for the company in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of Hold and a consensus price target of $106.82.

LyondellBasell Industries Stock Down 1.4 %

Shares of NYSE:LYB opened at $95.40 on Monday. LyondellBasell Industries has a 1 year low of $88.46 and a 1 year high of $107.02. The firm has a market capitalization of $31.06 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.10 and a quick ratio of 1.28. The firm’s 50-day moving average is $95.95 and its two-hundred day moving average is $97.65.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The business had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. During the same period in the previous year, the company posted $2.44 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts predict that LyondellBasell Industries will post 7.94 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is currently 82.84%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Norden Group LLC purchased a new position in shares of LyondellBasell Industries in the first quarter valued at $3,686,000. Sound Income Strategies LLC boosted its stake in shares of LyondellBasell Industries by 9.3% during the first quarter. Sound Income Strategies LLC now owns 221,737 shares of the specialty chemicals company’s stock valued at $22,679,000 after acquiring an additional 18,901 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of LyondellBasell Industries by 8.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock valued at $26,512,000 after acquiring an additional 21,809 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in shares of LyondellBasell Industries by 772.9% during the fourth quarter. Brevan Howard Capital Management LP now owns 20,914 shares of the specialty chemicals company’s stock valued at $1,989,000 after acquiring an additional 18,518 shares during the last quarter. Finally, Banco Santander S.A. acquired a new stake in shares of LyondellBasell Industries during the first quarter valued at $3,607,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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.