LyondellBasell Industries NV (NYSE:LYB) has been assigned an average rating of “Buy” from the twenty analysts that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $115.07.
A number of equities research analysts have recently weighed in on the company. Standpoint Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, May 21st. Barclays reaffirmed a “buy” rating and set a $135.00 price target on shares of LyondellBasell Industries in a report on Sunday, May 20th. Wells Fargo & Co lifted their price target on LyondellBasell Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, June 6th. Jefferies Financial Group raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Thursday, May 31st. Finally, Zacks Investment Research cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Monday, April 23rd.
NYSE LYB traded down $0.17 during trading hours on Monday, reaching $108.87. The company’s stock had a trading volume of 20,561 shares, compared to its average volume of 2,069,407. The company has a quick ratio of 1.70, a current ratio of 2.62 and a debt-to-equity ratio of 0.88. LyondellBasell Industries has a 52 week low of $82.54 and a 52 week high of $121.95. The stock has a market capitalization of $42.46 billion, a P/E ratio of 10.61, a P/E/G ratio of 1.07 and a beta of 1.09.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 18th. Investors of record on Monday, June 11th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.67%. The ex-dividend date was Friday, June 8th. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 39.10%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ETRADE Capital Management LLC increased its stake in shares of LyondellBasell Industries by 11.4% during the first quarter. ETRADE Capital Management LLC now owns 4,706 shares of the specialty chemicals company’s stock valued at $497,000 after acquiring an additional 480 shares during the period. Benedict Financial Advisors Inc. grew its position in LyondellBasell Industries by 4.4% in the first quarter. Benedict Financial Advisors Inc. now owns 11,456 shares of the specialty chemicals company’s stock worth $1,211,000 after buying an additional 483 shares during the last quarter. Covington Capital Management grew its position in LyondellBasell Industries by 40.7% in the fourth quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock worth $191,000 after buying an additional 500 shares during the last quarter. MRJ Capital Inc. grew its position in LyondellBasell Industries by 0.9% in the first quarter. MRJ Capital Inc. now owns 54,700 shares of the specialty chemicals company’s stock worth $5,780,000 after buying an additional 500 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its position in LyondellBasell Industries by 1.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 52,777 shares of the specialty chemicals company’s stock worth $5,577,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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