LyondellBasell Industries (LYB) PT Set at $115.00 by Morgan Stanley

Morgan Stanley set a $115.00 target price on LyondellBasell Industries (NYSE:LYB) in a report published on Saturday morning. The brokerage currently has a buy rating on the specialty chemicals company’s stock.

Several other equities research analysts also recently weighed in on LYB. Jefferies Group set a $88.00 price target on shares of LyondellBasell Industries and gave the company a hold rating in a research note on Monday, August 21st. SunTrust Banks reaffirmed a hold rating and issued a $96.00 price target (up from $90.00) on shares of LyondellBasell Industries in a research note on Saturday, September 30th. Cowen lifted their price target on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the company a market perform rating in a research note on Monday, October 16th. Nomura reaffirmed a hold rating and issued a $99.00 price target (up from $90.00) on shares of LyondellBasell Industries in a research note on Tuesday, September 26th. Finally, Royal Bank Of Canada lifted their price target on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the company a sector perform rating in a research note on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. LyondellBasell Industries has a consensus rating of Hold and a consensus price target of $100.47.

Shares of LyondellBasell Industries (NYSE LYB) opened at $104.58 on Friday. LyondellBasell Industries has a 52 week low of $78.01 and a 52 week high of $107.83. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. The firm has a market cap of $41,063.32, a price-to-earnings ratio of 10.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.44%. The ex-dividend date of this dividend is Monday, December 4th. LyondellBasell Industries’s payout ratio is presently 38.59%.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.09% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in LYB. Janus Henderson Group PLC boosted its holdings in LyondellBasell Industries by 10,925.4% during the second quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock worth $427,685,000 after purchasing an additional 5,021,985 shares during the last quarter. Capital World Investors boosted its holdings in LyondellBasell Industries by 23.0% during the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. BlackRock Inc. boosted its holdings in LyondellBasell Industries by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock worth $1,889,470,000 after purchasing an additional 2,327,350 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in LyondellBasell Industries by 38.1% during the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock worth $416,972,000 after purchasing an additional 1,160,471 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in LyondellBasell Industries by 19.4% during the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after purchasing an additional 1,069,625 shares during the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.

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About LyondellBasell Industries

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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