LyondellBasell Industries N.V. (NYSE:LYB) Receives $76.59 Average PT from Analysts

Shares of LyondellBasell Industries N.V. (NYSE:LYB) have received an average recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $76.5882.

Several analysts have recently issued reports on LYB shares. UBS Group upped their price objective on LyondellBasell Industries from $79.00 to $82.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. The Goldman Sachs Group boosted their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a research report on Monday, May 4th. Evercore boosted their target price on LyondellBasell Industries from $57.00 to $70.00 in a research report on Wednesday, April 22nd. Jefferies Financial Group boosted their target price on LyondellBasell Industries from $70.00 to $75.00 and gave the company a “hold” rating in a research report on Thursday, April 16th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Tuesday, April 21st.

LyondellBasell Industries Stock Up 2.5%

Shares of LYB opened at $73.53 on Friday. The stock has a market capitalization of $23.73 billion, a price-to-earnings ratio of -29.53, a price-to-earnings-growth ratio of 0.17 and a beta of 0.32. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The business’s 50 day simple moving average is $72.33 and its 200-day simple moving average is $56.63. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.18. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $7.53 billion. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The company’s revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 8.73 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.8%. LyondellBasell Industries’s payout ratio is currently -110.84%.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Large investors have recently modified their holdings of the stock. Capital Research Global Investors grew its position in LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC grew its position in LyondellBasell Industries by 512.9% in the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after acquiring an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in LyondellBasell Industries by 5,451.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after acquiring an additional 1,431,334 shares during the last quarter. Morgan Stanley grew its position in LyondellBasell Industries by 16.9% in the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after acquiring an additional 1,300,271 shares during the last quarter. Finally, Norges Bank bought a new position in LyondellBasell Industries in the 4th quarter valued at $52,210,000. Institutional investors own 71.20% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.