LyondellBasell Industries (NYSE:LYB) Price Target Increased to $105.00 by Analysts at BMO Capital Markets

LyondellBasell Industries (NYSE:LYB) had its price target increased by BMO Capital Markets from $99.00 to $105.00 in a research note issued to investors on Tuesday, Benzinga reports. They currently have a market perform rating on the specialty chemicals company’s stock.

Other research analysts have also recently issued research reports about the stock. Vertical Research raised shares of LyondellBasell Industries from a hold rating to a buy rating in a research report on Wednesday, January 3rd. Barclays boosted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an equal weight rating in a report on Thursday, April 4th. Wells Fargo & Company boosted their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a buy rating to a hold rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 10th. Finally, Mizuho boosted their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a neutral rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of Hold and a consensus target price of $104.75.

LyondellBasell Industries Price Performance

LYB traded up $0.34 on Tuesday, hitting $99.12. 1,506,977 shares of the company’s stock were exchanged, compared to its average volume of 1,925,721. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The firm has a 50-day moving average price of $101.08 and a 200-day moving average price of $96.67. The stock has a market cap of $32.28 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of 1.44 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter in the previous year, the company posted $2.50 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, equities analysts anticipate that LyondellBasell Industries will post 8.5 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

Insider Buying and Selling

In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the sale, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares in the company, valued at $2,770,460.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Todd Lane sold 9,489 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total value of $938,651.88. Following the completion of the transaction, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock valued at $8,077,267 over the last three months. 0.11% of the stock is currently owned by company insiders.

Institutional Trading of LyondellBasell Industries

A number of hedge funds have recently added to or reduced their stakes in the business. Valley National Advisers Inc. acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $25,000. FSC Wealth Advisors LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $26,000. McIlrath & Eck LLC lifted its stake in shares of LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares in the last quarter. Finally, Heritage Wealth Advisors acquired a new position in shares of LyondellBasell Industries in the 4th quarter valued at about $27,000. 71.20% of the stock is owned by institutional investors and hedge funds.

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.