Barclays Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price objective trimmed by Barclays from $99.00 to $95.00 in a research report released on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the specialty chemicals company’s stock.

A number of other research analysts have also recently issued reports on LYB. JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $113.00 to $110.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Royal Bank of Canada cut their target price on shares of LyondellBasell Industries from $112.00 to $110.00 and set an “outperform” rating on the stock in a research report on Friday, October 11th. UBS Group lowered their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of LyondellBasell Industries from $105.00 to $110.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $100.56.

LyondellBasell Industries Stock Performance

LYB traded down $0.44 on Monday, hitting $83.75. 364,581 shares of the stock traded hands, compared to its average volume of 1,836,450. LyondellBasell Industries has a 52 week low of $83.36 and a 52 week high of $107.02. The firm has a market capitalization of $27.23 billion, a PE ratio of 12.75, a P/E/G ratio of 1.64 and a beta of 1.08. The business has a fifty day moving average price of $93.28 and a two-hundred day moving average price of $95.88. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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). The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. On average, research analysts predict that LyondellBasell Industries will post 7.53 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 26th were paid a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 6.40%. The ex-dividend date of this dividend was Monday, August 26th. LyondellBasell Industries’s payout ratio is presently 81.58%.

Hedge Funds Weigh In On LyondellBasell Industries

Institutional investors have recently modified their holdings of the business. CVA Family Office LLC increased its position in LyondellBasell Industries by 155.9% during the 3rd 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 in the last quarter. Chilton Capital Management LLC bought a new stake in shares of LyondellBasell Industries during the first quarter worth $27,000. Beacon Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the first quarter worth $28,000. Blue Trust Inc. lifted its stake in shares of LyondellBasell Industries by 311.0% in the 2nd 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 during the last quarter. Finally, Matrix Trust Co acquired a new stake in shares of LyondellBasell Industries during the third quarter valued at about $30,000. Institutional investors and hedge funds 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.