LyondellBasell Industries (NYSE:LYB) Price Target Cut to $95.00 by Analysts at Wells Fargo & Company

LyondellBasell Industries (NYSE:LYB) had its target price reduced by Wells Fargo & Company from $105.00 to $95.00 in a report published on Tuesday,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

LYB has been the subject of a number of other reports. JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, December 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Piper Sandler decreased their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Finally, Mizuho reduced their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $97.36.

LyondellBasell Industries Trading Down 0.4 %

NYSE:LYB opened at $76.17 on Tuesday. LyondellBasell Industries has a one year low of $75.98 and a one year high of $107.02. The business’s 50-day simple moving average is $86.12 and its 200 day simple moving average is $92.48. 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 stock has a market cap of $24.74 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the business posted $2.46 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts predict that LyondellBasell Industries will post 7.09 earnings per share for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 7.04%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s dividend payout ratio is 81.58%.

Institutional Trading of LyondellBasell Industries

A number of hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in LyondellBasell Industries by 13.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 34,378 shares of the specialty chemicals company’s stock worth $3,289,000 after purchasing an additional 3,957 shares during the period. PGGM Investments lifted its position in shares of LyondellBasell Industries by 47.9% in the second quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock worth $2,119,000 after purchasing an additional 7,168 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in LyondellBasell Industries by 2.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 39,500 shares of the specialty chemicals company’s stock valued at $3,779,000 after purchasing an additional 838 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in shares of LyondellBasell Industries during the 2nd quarter valued at $953,000. Finally, J.Safra Asset Management Corp purchased a new stake in shares of LyondellBasell Industries during the second quarter worth $113,000. 71.20% of the stock is owned by hedge funds and other 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.