LyondellBasell Industries (NYSE:LYB) Given Consensus Recommendation of “Hold” by Analysts

LyondellBasell Industries (NYSE:LYB) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $105.17.

LYB has been the subject of several recent analyst reports. BMO Capital Markets raised their price objective on shares of LyondellBasell Industries from $99.00 to $105.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 30th. UBS Group reduced their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft increased their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, April 30th. Citigroup increased their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Finally, Barclays increased their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $98.14 on Friday. The company has a market cap of $31.96 billion, a price-to-earnings ratio of 15.17, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09. LyondellBasell Industries has a 52 week low of $88.46 and a 52 week high of $107.02. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The firm has a 50 day moving average of $96.09 and a 200-day moving average of $98.05.

LyondellBasell Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were paid a dividend of $1.34 per share. The ex-dividend date was Monday, June 3rd. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. This represents a $5.36 annualized dividend and a yield of 5.46%. LyondellBasell Industries’s dividend payout ratio (DPR) is 82.84%.

Hedge Funds Weigh In On LyondellBasell Industries

Large investors have recently bought and sold shares of the stock. Quent Capital LLC raised its stake in shares of LyondellBasell Industries by 31.2% during the 4th quarter. Quent Capital LLC now owns 795 shares of the specialty chemicals company’s stock worth $76,000 after purchasing an additional 189 shares during the period. Unison Advisors LLC raised its stake in shares of LyondellBasell Industries by 1.4% during the 4th quarter. Unison Advisors LLC now owns 38,215 shares of the specialty chemicals company’s stock worth $3,633,000 after purchasing an additional 519 shares during the period. Strategic Advisors LLC raised its stake in shares of LyondellBasell Industries by 5.5% during the 4th quarter. Strategic Advisors LLC now owns 3,165 shares of the specialty chemicals company’s stock worth $301,000 after purchasing an additional 165 shares during the period. Fifth Third Bancorp raised its stake in shares of LyondellBasell Industries by 2.3% during the 4th quarter. Fifth Third Bancorp now owns 27,569 shares of the specialty chemicals company’s stock worth $2,621,000 after purchasing an additional 615 shares during the period. Finally, apricus wealth LLC raised its stake in shares of LyondellBasell Industries by 1.2% during the 4th quarter. apricus wealth LLC now owns 29,523 shares of the specialty chemicals company’s stock worth $2,807,000 after purchasing an additional 345 shares during the period. 71.20% of the stock is currently owned by 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.