LyondellBasell Industries (NYSE:LYB)’s share price was up 1.5% during trading on Friday . The company traded as high as $79.64 and last traded at $79.30, with a volume of 1,633,971 shares. The stock had previously closed at $78.11.

LYB has been the subject of a number of research reports. Nomura lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and set a $89.00 target price for the company. in a research note on Wednesday, April 27th. Vetr raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $84.88 target price for the company in a research note on Monday, August 1st. Barclays PLC decreased their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. Royal Bank Of Canada lowered shares of LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $100.00 to $84.00 in a research note on Monday, June 27th. Finally, Jefferies Group reissued a “hold” rating and set a $84.00 target price on shares of LyondellBasell Industries in a research note on Monday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $90.30.

The company has a market cap of $33.20 billion and a P/E ratio of 8.63. The stock has a 50-day moving average of $76.32 and a 200-day moving average of $80.66.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, July 29th. The company reported $2.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by $0.06. The firm had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.64 billion. The firm’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.81 EPS. Analysts forecast that LyondellBasell Industries will post $9.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 16th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Friday, August 12th.

A number of hedge funds and institutional investors have made changes to their positions in LYB. US Bancorp DE boosted its position in shares of LyondellBasell Industries by 17.9% in the fourth quarter. US Bancorp DE now owns 253,443 shares of the company’s stock valued at $22,024,000 after buying an additional 38,511 shares during the last quarter. Greenwood Capital Associates LLC boosted its position in shares of LyondellBasell Industries by 106.1% in the fourth quarter. Greenwood Capital Associates LLC now owns 25,406 shares of the company’s stock valued at $2,208,000 after buying an additional 13,077 shares during the last quarter. Matarin Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the fourth quarter valued at approximately $1,630,000. Dimensional Fund Advisors LP boosted its position in shares of LyondellBasell Industries by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 990,802 shares of the company’s stock valued at $86,107,000 after buying an additional 14,734 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of LyondellBasell Industries by 1.7% in the fourth quarter. State of Tennessee Treasury Department now owns 924,697 shares of the company’s stock valued at $80,356,000 after buying an additional 15,256 shares during the last quarter.

LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

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