LyondellBasell Industries (NYSE:LYB) had its target price hoisted by Jefferies Financial Group from $99.00 to $104.00 in a report issued on Tuesday morning, The Fly reports. Jefferies Financial Group currently has a buy rating on the specialty chemicals company’s stock.

Other equities research analysts have also recently issued reports about the company. reissued a buy rating and issued a $120.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the company a buy rating in a research note on Friday, April 26th. Nomura raised LyondellBasell Industries from a neutral rating to a buy rating and lifted their target price for the company from $87.00 to $113.00 in a research note on Monday, April 15th. Bank of America raised LyondellBasell Industries from an underperform rating to a buy rating and set a $105.00 target price for the company in a research note on Tuesday, April 2nd. Finally, Goldman Sachs Group raised LyondellBasell Industries from a neutral rating to a buy rating and lifted their target price for the company from $104.00 to $125.00 in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. LyondellBasell Industries currently has a consensus rating of Buy and a consensus target price of $112.13.

LYB stock opened at $84.51 on Tuesday. LyondellBasell Industries has a fifty-two week low of $73.94 and a fifty-two week high of $117.85. The firm has a market cap of $29.34 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 0.98 and a beta of 1.18. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. During the same period last year, the firm earned $3.11 EPS. As a group, equities research analysts expect that LyondellBasell Industries will post 10.32 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be given a $1.05 dividend. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.20 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend is Friday, June 7th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 37.27%.

Several large investors have recently bought and sold shares of LYB. Vanguard Group Inc boosted its position in shares of LyondellBasell Industries by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock worth $2,640,901,000 after purchasing an additional 179,076 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of LyondellBasell Industries by 48.6% in the 4th quarter. Deprince Race & Zollo Inc. now owns 173,203 shares of the specialty chemicals company’s stock worth $14,404,000 after purchasing an additional 56,616 shares during the last quarter. Gantzert Investment Co. LLC ADV bought a new position in shares of LyondellBasell Industries in the 4th quarter worth $1,258,000. First Mercantile Trust Co. boosted its position in shares of LyondellBasell Industries by 60.8% in the 4th quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock worth $68,000 after purchasing an additional 310 shares during the last quarter. Finally, Creative Planning boosted its position in shares of LyondellBasell Industries by 7.9% in the 4th quarter. Creative Planning now owns 4,704 shares of the specialty chemicals company’s stock worth $391,000 after purchasing an additional 345 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

Further Reading: Price to Earnings Ratio (PE)

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Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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