Analysts Set LyondellBasell Industries (NYSE:LYB) Target Price at $101.70

LyondellBasell Industries (NYSE:LYB) has been assigned an average rating of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $101.70.

A number of equities research analysts recently issued reports on LYB shares. Deutsche Bank Aktiengesellschaft decreased their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. Barclays decreased their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Wells Fargo & Company dropped their price objective on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $82.03 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a twelve month low of $81.06 and a twelve month high of $107.02. The company’s 50-day moving average price is $88.88 and its 200-day moving average price is $93.62. The company has a market cap of $26.64 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the firm posted $2.46 EPS. LyondellBasell Industries’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts forecast that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 9th. Stockholders of record on Monday, December 2nd will be paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 6.53%. The ex-dividend date of this dividend is Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 81.58%.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in LyondellBasell Industries by 11.4% during the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after acquiring an additional 293,622 shares in the last quarter. Tidal Investments LLC grew its position in shares of LyondellBasell Industries by 45.1% in the third quarter. Tidal Investments LLC now owns 33,308 shares of the specialty chemicals company’s stock valued at $3,194,000 after purchasing an additional 10,359 shares in the last quarter. Optimist Retirement Group LLC increased its holdings in shares of LyondellBasell Industries by 13.1% in the third quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company’s stock valued at $2,072,000 after purchasing an additional 2,498 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in LyondellBasell Industries during the third quarter worth approximately $658,000. Finally, Arvest Bank Trust Division purchased a new position in LyondellBasell Industries during the third quarter worth approximately $1,896,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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.