LyondellBasell Industries (NYSE:LYB) Given New $94.00 Price Target at Deutsche Bank Aktiengesellschaft

LyondellBasell Industries (NYSE:LYB) had its price target trimmed by Deutsche Bank Aktiengesellschaft from $100.00 to $94.00 in a research note published on Monday, Benzinga reports. The brokerage currently has a hold rating on the specialty chemicals company’s stock.

Several other analysts have also recently weighed in on the company. Barclays cut their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday. UBS Group lowered their target price on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday. Mizuho decreased their price target on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $101.11.

LyondellBasell Industries Trading Down 0.1 %

Shares of NYSE LYB traded down $0.11 during mid-day trading on Monday, hitting $84.08. The stock had a trading volume of 128,222 shares, compared to its average volume of 1,835,345. The business has a 50 day moving average price of $93.28 and a two-hundred day moving average price of $95.88. LyondellBasell Industries has a 1 year low of $83.36 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The firm has a market cap of $27.33 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.64 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. LyondellBasell Industries’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 EPS. On average, equities analysts anticipate that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 26th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 6.37%. The ex-dividend date was Monday, August 26th. LyondellBasell Industries’s dividend payout ratio is 81.58%.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors have recently bought and sold shares of the business. CVA Family Office LLC increased its position in LyondellBasell Industries by 155.9% in the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in LyondellBasell Industries in the 1st quarter worth about $27,000. Beacon Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth approximately $28,000. Matrix Trust Co purchased a new position in LyondellBasell Industries during the 3rd quarter valued at $30,000. Finally, Blue Trust Inc. increased its stake in LyondellBasell Industries by 311.0% in the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares during the period. Hedge funds and other 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.