LyondellBasell Industries (NYSE:LYB) had its price target raised by UBS Group from $86.00 to $89.00 in a research report released on Thursday, BenzingaRatingsTable reports. They currently have a neutral rating on the specialty chemicals company’s stock.

LYB has been the topic of several other research reports. Alembic Global Advisors set a $120.00 price target on LyondellBasell Industries and gave the stock a buy rating in a research note on Friday, April 26th. Bank of America set a $18.00 price target on Victory Capital and gave the stock a buy rating in a research note on Tuesday, April 2nd. Nomura lowered Infosys from a neutral rating to a reduce rating in a research note on Monday, April 15th. Deutsche Bank reissued a buy rating and set a GBX 430 ($5.62) price target on shares of in a research note on Monday, June 17th. Finally, Jefferies Financial Group boosted their price target on LyondellBasell Industries from $99.00 to $104.00 and gave the stock a buy rating in a research note on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $109.56.

Shares of LYB opened at $86.05 on Thursday. LyondellBasell Industries has a twelve month low of $73.94 and a twelve month high of $116.63. The firm has a 50 day simple moving average of $83.40. The stock has a market cap of $31.87 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 0.91 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.02. The business had revenue of $8.78 billion for the quarter, compared to analyst estimates of $9.47 billion. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company’s quarterly revenue was down 10.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.11 EPS. On average, equities analysts predict that LyondellBasell Industries will post 10.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a $1.05 dividend. The ex-dividend date was Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a yield of 4.88%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is presently 37.27%.

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in LyondellBasell Industries by 1.2% in the 1st quarter. BlackRock Inc. now owns 22,850,940 shares of the specialty chemicals company’s stock valued at $1,921,305,000 after buying an additional 275,890 shares in the last quarter. Janus Henderson Group PLC raised its holdings in LyondellBasell Industries by 1.7% in the 1st quarter. Janus Henderson Group PLC now owns 5,656,949 shares of the specialty chemicals company’s stock valued at $475,637,000 after acquiring an additional 93,201 shares during the last quarter. Deutsche Bank AG raised its holdings in LyondellBasell Industries by 45.4% in the 4th quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock valued at $372,096,000 after acquiring an additional 1,396,953 shares during the last quarter. Geode Capital Management LLC raised its holdings in LyondellBasell Industries by 4.9% in the 4th quarter. Geode Capital Management LLC now owns 4,325,044 shares of the specialty chemicals company’s stock valued at $359,186,000 after acquiring an additional 203,826 shares during the last quarter. Finally, LSV Asset Management raised its holdings in LyondellBasell Industries by 6.0% in the 1st quarter. LSV Asset Management now owns 3,932,378 shares of the specialty chemicals company’s stock valued at $330,634,000 after acquiring an additional 224,003 shares during the last quarter. 68.89% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: Stock Symbols and CUSIP Explained

Analyst Recommendations for LyondellBasell Industries (NYSE:LYB)

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.