LyondellBasell Industries (NYSE:LYB) had its price target decreased by Cowen from $113.00 to $103.00 in a research note released on Friday, MarketBeat Ratings reports. Cowen currently has a market perform rating on the specialty chemicals company’s stock.
Other equities analysts also recently issued research reports about the company. Citigroup raised their price target on LyondellBasell Industries from $122.00 to $125.00 and gave the stock a buy rating in a research report on Wednesday, August 15th. Zacks Investment Research raised LyondellBasell Industries from a hold rating to a buy rating and set a $127.00 price target for the company in a research report on Thursday, August 9th. Barclays reissued a buy rating and set a $135.00 price target on shares of LyondellBasell Industries in a research report on Sunday, May 20th. Jefferies Financial Group raised LyondellBasell Industries from a hold rating to a buy rating and raised their price target for the stock from $78.01 to $121.95 in a research report on Wednesday, May 16th. Finally, Standpoint Research downgraded LyondellBasell Industries from a buy rating to a hold rating in a research report on Monday, May 21st. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $117.85.
LyondellBasell Industries stock traded down $3.61 during mid-day trading on Friday, hitting $108.63. 2,708,839 shares of the company were exchanged, compared to its average volume of 1,627,072. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 2.27. The company has a market capitalization of $43.70 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.00 and a beta of 1.13. LyondellBasell Industries has a 12-month low of $91.33 and a 12-month high of $121.95.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.44. The company had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.11 billion. LyondellBasell Industries had a return on equity of 53.77% and a net margin of 15.51%. analysts forecast that LyondellBasell Industries will post 11.83 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Stockholders of record on Wednesday, September 5th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, September 4th. LyondellBasell Industries’s dividend payout ratio is currently 39.10%.
Several large investors have recently made changes to their positions in LYB. Hudock Capital Group LLC grew its position in shares of LyondellBasell Industries by 151.6% in the second quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock valued at $100,000 after purchasing an additional 552 shares during the period. Cornerstone Advisors Inc. grew its position in LyondellBasell Industries by 138.3% during the first quarter. Cornerstone Advisors Inc. now owns 984 shares of the specialty chemicals company’s stock valued at $104,000 after acquiring an additional 571 shares during the period. Penserra Capital Management LLC purchased a new stake in LyondellBasell Industries during the first quarter valued at about $109,000. Atlas Capital Advisors LLC grew its position in LyondellBasell Industries by 192.2% during the second quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock valued at $109,000 after acquiring an additional 661 shares during the period. Finally, Sun Life Financial INC grew its position in LyondellBasell Industries by 843.4% during the second quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock valued at $110,000 after acquiring an additional 894 shares during the period. 72.71% of the stock is owned by institutional investors and hedge funds.
LyondellBasell Industries Company Profile
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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