LyondellBasell Industries (NYSE:LYB) Hits New 1-Year Low – Time to Sell?

LyondellBasell Industries (NYSE:LYB) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $86.74 and last traded at $86.86, with a volume of 751458 shares traded. The stock had previously closed at $87.18.

Analysts Set New Price Targets

Several brokerages recently commented on LYB. UBS Group dropped their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Royal Bank of Canada cut their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company dropped their price target on LyondellBasell Industries from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $106.33.

LyondellBasell Industries Price Performance

The company has a market capitalization of $28.26 billion, a PE ratio of 12.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.07. The company has a quick ratio of 1.28, a current ratio of 2.10 and a debt-to-equity ratio of 0.82. The firm’s 50-day moving average is $94.18 and its 200-day moving average is $96.26.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, August 2nd. The specialty chemicals company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.01. LyondellBasell Industries had a return on equity of 18.63% and a net margin of 5.68%. The firm had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter in the prior year, the firm posted $2.44 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts predict that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $1.34 per share. The ex-dividend date was Monday, August 26th. This represents a $5.36 dividend on an annualized basis and a yield of 6.17%. LyondellBasell Industries’s dividend payout ratio is presently 75.39%.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 13.6% during the 2nd quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock valued at $461,930,000 after buying an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of LyondellBasell Industries by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company’s stock worth $449,175,000 after purchasing an additional 170,464 shares in the last quarter. Capital World Investors grew its position in LyondellBasell Industries by 28.9% during the 1st 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 last quarter. Envestnet Asset Management Inc. grew its stake in LyondellBasell Industries by 0.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in LyondellBasell Industries by 0.4% in the 3rd quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after buying an additional 3,394 shares during the period. 71.20% of the stock is currently owned by institutional investors.

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.