By otakuyassine3@gmail.com 
LyondellBasell Industries (NYSE:LYB – Get Free Report) hit a new 52-week low during trading on Thursday after Royal Bank of Canada lowered their price target on the stock from $104.00 to $92.00. Royal Bank of Canada currently has an outperform rating on the stock. LyondellBasell Industries traded as low as $74.34 and last traded at $74.40, with a volume of 173377 shares traded. The stock had previously closed at $74.80.
Other research analysts also recently issued reports about the stock. Wells Fargo & Company dropped their price objective on shares of LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, December 10th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, December 16th. Piper Sandler decreased their price objective on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus price target of $96.27.
Read Our Latest Research Report on LyondellBasell Industries
Insider Activity at LyondellBasell Industries
In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The stock was purchased 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 of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is currently owned by insiders.
Institutional Investors Weigh In On LyondellBasell Industries
Several large investors have recently added to or reduced their stakes in LYB. Blue Trust Inc. grew its stake in LyondellBasell Industries by 311.0% during the second quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 227 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in LyondellBasell Industries by 6.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 117,817 shares of the specialty chemicals company’s stock worth $11,270,000 after buying an additional 6,638 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of LyondellBasell Industries by 33.6% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 11,109 shares of the specialty chemicals company’s stock valued at $1,063,000 after purchasing an additional 2,792 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of LyondellBasell Industries during the second quarter valued at about $204,000. Finally, &PARTNERS increased its stake in LyondellBasell Industries by 123.3% in the 2nd quarter. &PARTNERS now owns 8,372 shares of the specialty chemicals company’s stock worth $801,000 after purchasing an additional 4,622 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.
LyondellBasell Industries Stock Performance
The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $83.31 and a 200 day moving average of $91.40. The company has a market cap of $23.87 billion, a P/E ratio of 11.19, a P/E/G ratio of 2.16 and a beta of 1.05.
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). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the business earned $2.46 earnings per share. The firm’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that LyondellBasell Industries will post 7.02 EPS for the current year.
LyondellBasell Industries Announces Dividend
The firm also recently declared 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 dividend on an annualized basis and a dividend yield of 7.29%. The ex-dividend date of this dividend was Monday, December 2nd. LyondellBasell Industries’s payout ratio is currently 81.58%.
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.
Featured Articles
Receive News & Ratings for LyondellBasell Industries Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for LyondellBasell Industries and related companies with MarketBeat.com’s FREE daily email newsletter.