LyondellBasell Industries (NYSE:LYB) Price Target Cut to $110.00

LyondellBasell Industries (NYSE:LYB) had its price objective trimmed by JPMorgan Chase & Co. from $113.00 to $110.00 in a research report report published on Friday, Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

A number of other research analysts have also recently issued reports on the company. UBS Group cut their price target on LyondellBasell Industries from $106.00 to $101.00 and set a neutral rating for the company in a report on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the company a hold rating in a research report on Tuesday, August 6th. Wells Fargo & Company lowered their price target on shares of LyondellBasell Industries from $117.00 to $110.00 and set an overweight rating for the company in a research report on Monday, August 5th. Finally, Evercore ISI upgraded shares of LyondellBasell Industries to a hold rating in a report on Monday, August 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $107.27.

LyondellBasell Industries Stock Up 1.0 %

Shares of NYSE LYB opened at $94.08 on Friday. LyondellBasell Industries has a 52-week low of $88.46 and a 52-week high of $107.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10. The business has a fifty day moving average of $96.16 and a two-hundred day moving average of $98.15. The stock has a market cap of $30.63 billion, a PE ratio of 14.54, a PEG ratio of 1.28 and a beta of 1.07.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.01. The firm had revenue of $10.56 billion during the quarter, compared to the consensus estimate of $10.44 billion. LyondellBasell Industries had a net margin of 5.68% and a return on equity of 18.63%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $2.44 EPS. As a group, equities research analysts expect that LyondellBasell Industries will post 8 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The business also recently declared 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 5.70%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is currently 82.84%.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently made changes to their positions in the stock. Chilton Capital Management LLC acquired a new position in LyondellBasell Industries in the 1st quarter worth $27,000. Beacon Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the first quarter worth about $28,000. Heritage Wealth Advisors acquired a new position in shares of LyondellBasell Industries during the fourth quarter worth about $27,000. Gold Investment Management Ltd. acquired a new stake in LyondellBasell Industries in the 4th quarter valued at approximately $28,000. Finally, Blue Trust Inc. lifted its stake in LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 227 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

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.