LyondellBasell Industries (NYSE:LYB) Price Target Cut to $95.00 by Analysts at Barclays

LyondellBasell Industries (NYSE:LYB) had its price objective reduced by Barclays from $99.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an equal weight rating on the specialty chemicals company’s stock.

Several other research analysts also recently commented on LYB. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. UBS Group decreased their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada cut their price target on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research report on Friday, October 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $100.56.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $87.33 on Monday. LyondellBasell Industries has a 52-week low of $83.36 and a 52-week high of $107.02. The company has a fifty day moving average of $92.81 and a 200-day moving average of $95.71. The company has a market capitalization of $28.36 billion, a P/E ratio of 13.29, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $2.46 EPS. As a group, equities research analysts predict that LyondellBasell Industries will post 7.38 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 26th were given a $1.34 dividend. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 6.14%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System increased its position in shares of LyondellBasell Industries by 8.4% during the first quarter. State Board of Administration of Florida Retirement System now owns 282,374 shares of the specialty chemicals company’s stock valued at $26,512,000 after buying an additional 21,809 shares during the period. Banco Santander S.A. bought a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $3,607,000. Foresight Capital Management Advisors Inc. purchased a new position in shares of LyondellBasell Industries in the 2nd quarter valued at approximately $1,416,000. PGGM Investments boosted its position in shares of LyondellBasell Industries by 47.9% during the second quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock valued at $2,119,000 after purchasing an additional 7,168 shares in the last quarter. Finally, Capital World Investors grew its stake in LyondellBasell Industries by 28.9% in the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after purchasing an additional 600,554 shares during the period. 71.20% of the stock is owned by hedge funds and other institutional investors.

About LyondellBasell Industries

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.