LyondellBasell Industries (NYSE:LYB) Stock Rating Upgraded by StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of LyondellBasell Industries (NYSE:LYB – Free Report) from a hold rating to a buy rating in a research report report published on Tuesday morning.

LYB has been the topic of a number of other research reports. Royal Bank of Canada decreased their target price on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Piper Sandler decreased their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, November 8th. Wells Fargo & Company lowered their target price on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, December 10th. The Goldman Sachs Group reduced their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price target on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $96.27.

View Our Latest Analysis on LYB

LyondellBasell Industries Trading Up 0.3 %

Shares of LyondellBasell Industries stock opened at $74.35 on Tuesday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. LyondellBasell Industries has a 1 year low of $72.93 and a 1 year high of $107.02. The firm has a market cap of $24.15 billion, a PE ratio of 11.32, a PEG ratio of 2.13 and a beta of 1.05. The company has a 50 day simple moving average of $81.86 and a two-hundred day simple moving average of $90.81.

LyondellBasell Industries (NYSE:LYB – Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $2.46 EPS. Analysts expect that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Stockholders of record on Monday, December 2nd were paid a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.21%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors have recently added to or reduced their stakes in the company. CVA Family Office LLC lifted its holdings in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 159 shares during the last quarter. Matrix Trust Co bought a new position in LyondellBasell Industries during the 3rd quarter valued at approximately $30,000. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries during the third quarter valued at $31,000. Fortitude Family Office LLC boosted its holdings in LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock worth $45,000 after acquiring an additional 290 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 58.0% in the third quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock worth $53,000 after acquiring an additional 203 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

About LyondellBasell Industries

(Get Free Report)

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.

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