LyondellBasell Industries N.V. (NYSE:LYB) shares traded 1.43% higher at $90.50 on Wall Street last session.
In accordance with the data, 28 analysts cover LyondellBasell Industries N.V. (NYSE:LYB). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $121.00 and a low of $77.00, we find $95.75. Given the previous closing price of $89.22, this indicates a potential upside of 7.32 percent. LYB stock price is now 0.43% away from the 50-day moving average and 2.74% away from the 200-day moving average. The market capitalization of the company currently stands at $29.02B.
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It has been rated a hold by 16 analysts and a buy by 7. Brokers who have rated the stock have averaged $97.75 as their price target over the next twelve months.
With the price target of $89, Citigroup recently initiated with Neutral rating for LyondellBasell Industries N.V. (NYSE: LYB).
In other news, Kaplan Jeffrey A, EVP and General Counsel sold 10,000 shares of the company’s stock on Feb 07. The stock was sold for $989,901 at an average price of $98.99. Upon completion of the transaction, the EVP and General Counsel now directly owns 47,600 shares in the company, valued at $4.31 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 31, SVP, Global Business Services Sharma Anup sold 1,713 shares of the business’s stock. A total of $145,454 was realized by selling the stock at an average price of $84.91. This leaves the insider owning 8,998 shares of the company worth $0.81 million. Insiders disposed of 4,407,903 shares of company stock worth roughly $398.92 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LYB stock. A new stake in LyondellBasell Industries N.V. shares was purchased by BALYASNY ASSET MANAGEMENT L.P. during the first quarter worth $105,646,000. ALYESKA INVESTMENT GROUP, L.P. invested $16,989,000 in shares of LYB during the first quarter. In the first quarter, BRIDGEWATER ASSOCIATES, LP acquired a new stake in LyondellBasell Industries N.V. valued at approximately $14,313,000. MARSHALL WACE, LLP acquired a new stake in LYB for approximately $13,633,000. POINT72 ASSET MANAGEMENT, L.P. purchased a new stake in LYB valued at around $8,817,000 in the second quarter. In total, there are 1,251 active investors with 71.90% ownership of the company’s stock.
LyondellBasell Industries N.V. (NYSE: LYB) opened at $88.40 on Friday. During the past 12 months, LyondellBasell Industries N.V. has had a low of $71.46 and a high of $101.30. As of last week, the company has a debt-to-equity ratio of 0.89, a current ratio of 1.80, and a quick ratio of 1.10. According to the stock market information, the enterprise value for the company is $40.53B, which is based on a 9.70 price-to-earnings ratio, a 6.63 price-to-earnings-growth ratio, and a beta of 1.21. The fifty day moving average price for LYB is $90.11 and a two-hundred day moving average price translates $88.15 for the stock.
The latest earnings results from LyondellBasell Industries N.V. (NYSE: LYB) was released for Mar, 2023. According to the Specialty Chemicals Company, earnings per share came in at $2.51, beating analysts’ expectations of $1.74 by 0.77. This compares to $0.00 EPS in the same period last year. The net profit margin was 6.40% and return on equity was 24.40% for LYB. The company reported revenue of $10.25 billion for the quarter, compared to $13.16 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.12 percent. For the current quarter, analysts expect LYB to generate $11.09B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/06/2023. Investors who held shares on 05/30/2023 were paid a $1.25 dividend. On an annualized basis, this represents a $5.00 dividend and a 5.52% percent yield. There was an ex-dividend date of 05/26/2023 for this dividend. In terms of dividend payout ratio, LYB is presently at 51.00%.
LyondellBasell Industries N.V.(LYB) 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. It produces and markets olefins and co-products, polyethylene, and polypropylene; and propylene oxide and derivatives; oxyfuels and related products; and intermediate chemicals, such as styrene monomer, acetyls, ethylene oxide, and ethylene glycol. In addition, the company produce and markets compounding and solutions including polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors and powders, and advanced polymers including catalloy and polybutene-1; and refines heavy, high-sulfur crude oil and other crude oils, as well as refined products, including gasoline and distillates. Further, it develops and licenses chemical and polyolefin process technologies; manufactures and sells polyolefin catalysts; and serves food packaging, home furnishings, automotive components, and paints and coatings applications. The company was incorporated in 2009 and is headquartered in Houston, Texas.
