LyondellBasell Industries (LYB) – Investment Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of LyondellBasell Industries (NYSE: LYB) recently:

• 11/8/2024 – LyondellBasell Industries had its price target lowered by analysts at Piper Sandler from $117.00 to $112.00. They now have an “overweight” rating on the stock.
• 11/6/2024 – LyondellBasell Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/5/2024 – LyondellBasell Industries had its price target lowered by analysts at Wells Fargo & Company from $110.00 to $105.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – LyondellBasell Industries had its price target lowered by analysts at JPMorgan Chase & Co. from $110.00 to $100.00. They now have an “overweight” rating on the stock.
• 11/4/2024 – LyondellBasell Industries had its price target lowered by analysts at Royal Bank of Canada from $110.00 to $104.00. They now have an “outperform” rating on the stock.
• 11/4/2024 – LyondellBasell Industries had its price target lowered by analysts at Mizuho from $101.00 to $97.00. They now have a “neutral” rating on the stock.
• 11/4/2024 – LyondellBasell Industries had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $100.00 to $94.00. They now have a “hold” rating on the stock.
• 11/4/2024 – LyondellBasell Industries had its price target lowered by analysts at Barclays PLC from $99.00 to $95.00. They now have an “equal weight” rating on the stock.
• 10/11/2024 – LyondellBasell Industries had its price target lowered by analysts at Royal Bank of Canada from $112.00 to $110.00. They now have an “outperform” rating on the stock.
• 10/7/2024 – LyondellBasell Industries had its price target lowered by analysts at Barclays PLC from $101.00 to $99.00. They now have an “equal weight” rating on the stock.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $0.03 during trading hours on Wednesday, reaching $83.57. 336,762 shares of the company traded hands, compared to its average volume of 1,863,777. LyondellBasell Industries has a 12-month low of $83.05 and a 12-month high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The company has a market cap of $27.14 billion, a P/E ratio of 12.72, a P/E/G ratio of 2.33 and a beta of 1.08. The firm has a 50-day moving average price of $91.81 and a 200 day moving average price of $95.24.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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 business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same period in the prior year, the firm posted $2.46 earnings per share. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 6.41%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is 81.58%.

Institutional Trading of LyondellBasell Industries

A number of large investors have recently added to or reduced their stakes in the company. Rockland Trust Co. increased its stake in LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after acquiring an additional 112 shares during the last quarter. Petredis Investment Advisors LLC increased its position in shares of LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after purchasing an additional 116 shares during the last quarter. Verdence Capital Advisors LLC increased its position in shares of LyondellBasell Industries by 0.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 120 shares during the last quarter. RDA Financial Network increased its position in shares of LyondellBasell Industries by 3.9% during the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 122 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

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.