LyondellBasell Industries (NYSE:LYB) Hits New 12-Month Low – What’s Next?

LyondellBasell Industries (NYSE:LYB) reached a new 52-week low during trading on Wednesday . The stock 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.

Wall Street Analyst Weigh In

LYB has been the topic of several recent analyst reports. Evercore ISI upgraded shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada reduced their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating for the company in a report on Friday, October 11th. UBS Group cut their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 9th. Barclays lowered their target price on shares of LyondellBasell Industries from $101.00 to $99.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $106.33.

LyondellBasell Industries Trading Down 0.3 %

The business has a fifty day moving average price of $94.18 and a 200 day moving average price of $96.26. The company has a market capitalization of $28.26 billion, a PE ratio of 12.24, a P/E/G ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.28 and a current ratio of 2.10.

LyondellBasell Industries (NYSE:LYB) last posted 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 net margin of 5.68% and a return on equity of 18.63%. The company had revenue of $10.56 billion during the quarter, compared to analysts’ expectations of $10.44 billion. During the same period in the prior year, the company posted $2.44 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Analysts expect that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its position in LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after acquiring an additional 579,300 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in 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 valued at $449,175,000 after buying an additional 170,464 shares during the period. Capital World Investors grew its holdings in shares of LyondellBasell Industries by 28.9% in 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. raised its stake in shares of LyondellBasell Industries by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company’s stock valued at $101,886,000 after acquiring an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in LyondellBasell Industries by 0.4% in the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company’s stock worth $87,512,000 after purchasing an additional 3,394 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

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.