LyondellBasell Industries (NYSE:LYB) shares shot up 1.5% during trading on Friday . The stock 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.

Several research firms have commented on LYB. Nomura raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating in a research note on Monday, May 2nd. Vetr raised shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating and set a $85.17 price target on the stock in a research note on Monday, June 27th. Citigroup Inc. decreased their price target on shares of LyondellBasell Industries from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 2nd. Barclays PLC decreased their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Finally, Cowen and Company downgraded shares of LyondellBasell Industries from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $105.00 to $87.00 in a research note on Monday, June 13th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $90.30.

The company’s 50 day moving average price is $76.48 and its 200 day moving average price is $80.68. The firm has a market cap of $33.20 billion and a PE ratio of 8.63.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 29th. The company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by $0.06. The firm earned $7.33 billion during the quarter, compared to analysts’ expectations of $7.64 billion. The business’s revenue was down 19.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.81 EPS. On average, equities 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. Investors of record on Tuesday, August 16th will be given a $0.85 dividend. The ex-dividend date of this dividend is Friday, August 12th. This represents a $3.40 dividend on an annualized basis and a yield of 4.26%.

Other hedge funds recently modified their holdings of the company. Matarin Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the fourth quarter worth about $1,630,000. Calvert Investment Management Inc. increased its stake in shares of LyondellBasell Industries by 40.4% in the fourth quarter. Calvert Investment Management Inc. now owns 25,988 shares of the company’s stock worth $2,258,000 after buying an additional 7,483 shares in the last quarter. US Bancorp DE increased its stake 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 worth $22,024,000 after buying an additional 38,511 shares in the last quarter. State of Tennessee Treasury Department increased its stake 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 worth $80,356,000 after buying an additional 15,256 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of LyondellBasell Industries by 6.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,480,697 shares of the company’s stock worth $128,673,000 after buying an additional 90,870 shares in 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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