LyondellBasell Industries N.V. (NYSE:LYB) Receives $75.94 Consensus Price Target from Analysts

LyondellBasell Industries N.V. (NYSE:LYB) has been given a consensus rating of “Hold” by the twenty-one research firms that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $73.5556.

LYB has been the topic of several research analyst reports. Zacks Research downgraded shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Evercore upped their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. UBS Group dropped their price objective on shares of LyondellBasell Industries from $82.00 to $73.00 and set a “neutral” rating on the stock in a report on Friday, June 5th. BMO Capital Markets upped their target price on shares of LyondellBasell Industries from $82.00 to $88.00 and gave the stock a “market perform” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group increased their target price on LyondellBasell Industries from $51.00 to $75.00 and gave the stock a “sell” rating in a report on Monday, May 4th.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in LyondellBasell Industries by 2.7% during the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock worth $586,486,000 after acquiring an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in LyondellBasell Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock worth $437,420,000 after purchasing an additional 399,130 shares during the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 0.4% in the fourth quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after purchasing an additional 36,187 shares in the last quarter. Capital Research Global Investors increased its stake 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 buying an additional 4,770,260 shares during the last quarter. Finally, Morgan Stanley lifted its position in LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after buying an additional 1,300,271 shares in the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

LyondellBasell Industries Price Performance

Shares of LYB stock opened at $53.37 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $83.94. The firm has a fifty day moving average of $66.09 and a 200-day moving average of $61.73. The firm has a market capitalization of $17.23 billion, a price-to-earnings ratio of -21.44, a price-to-earnings-growth ratio of 0.18 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter last year, the business posted $0.33 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries will post 8.58 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Monday, June 1st were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Monday, June 1st. LyondellBasell Industries’s dividend payout ratio is currently -110.84%.

LyondellBasell Industries Company Profile

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.