LyondellBasell Industries NV (NYSE:LYB) finished Friday with an addition of $0.16 to close at $94.70, an upside of 0.17 percent. An average of 1,733,420 shares of common stock have been traded in the last five days. There was a fall of -$0.16 in the past week, and it reached a new high 24 times over the past 12 months. The last 20 days have seen an average of 2,184,230 shares traded, while the 50-day average volume stands at 2,121,634.
LYB stock has decreased by -4.27% in the last month. The company shares reached their 1-month lowest point of $93.43 on 09/26/23. With the stock rallying to its 52-week high on 09/11/23, shares of the company touched a low of $73.24 and a high of $102.04 in 52 weeks. It has reached a new high 16 times so far this year and achieved 14.06% or $11.67 in price. In spite of this, the price is down -7.20% from the 52-week high.
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Insider Transactions
LYB stock investors should be aware that LyondellBasell Industries NV (LYB) stock had its last reported insider trading activity 32 days ago on Aug 29. In this transaction, the insider spent $975,623. 10% Owner, AI INVESTMENTS HOLDINGS LLC, disposed of 6,028 shares at a price of $99.61 on Aug 11. The insider now owns more than $600,439 worth of shares. Prior to that, 10% Owner AI INVESTMENTS HOLDINGS LLC went on to Sale 483 shares at $99.61 each on Aug 11. An amount of $48,111 was transacted.
Valuation Metrics
LyondellBasell Industries NV (LYB) has a trailing price-to-earnings (P/E) ratio of 14.72. The stock’s beta is 1.20. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.71, the price-to-book (PB) ratio at 2.38, and the price-to-cash flow ratio at 9.52.
The company has a payout ratio of 39.81%. The company’s most recent quarterly dividend payment was $1.25 a share, without any change from last year. Its latest increase dividend $0.06 reported on Friday May 19 2023.
Financial Health
The quick ratio of LyondellBasell Industries NV for the three months ended June 29 was 1.07, and the current ratio was 1.81, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.91 and a total debt to equity ratio of 1.01 for the quarter ending June 29. Its gross profit as reported stood at $6.6 billion compared to revenue of $50.45 billion.
Earnings Surprise
For the three-month period that ended June 29, LyondellBasell Industries NV had $10.28 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $715.0 million in the quarter, while revenues were shrunk -129.93%. The analyst consensus anticipated LyondellBasell Industries NV’s latest quarter earnings to come in at $2.28 per share, but it turned out to be $2.44, a 7.00% surprise. For the quarter, EBITDA amounted to $1.4 billion. Shareholders own equity worth $324.2 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at LyondellBasell Industries NV (LYB) price momentum. RSI 9-day as of the close on 29 September was 37.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.73%.
As of today, LYB’s price is $94.62 -0.17% or -$0.16 from its 5-day moving average. LYB is currently trading -4.12% lower than its 20-day SMA and +3.22% higher than its 100-day SMA. However, the stock’s current price level is +3.89% above the SMA50 and +14.15% above the SMA200.
The stochastic %K and %D were 15.70% and 12.55%, respectively, and the average true range (ATR) was 1.85. With the 14-day stochastic at 16.34% and the average true range at 1.89, the RSI (14) stands at 41.11%. The stock has reached -0.64 on the 9-day MACD Oscillator while the 14-day reading was at -2.31.
Analyst Ratings
Citigroup launched coverage on LyondellBasell Industries NV (NYSE: LYB) in its analyst report released on June 14, 2023. The firm assigned the stock a Neutral rating. The consensus rating for LyondellBasell Industries NV (LYB) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell LYB, while 14 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is LYB’s price target for the next 12 months?
Analysts predict a range of price targets between $85.00 and $116.00, with a median target of $102.00. Taking a look at these predictions, the average price target given by analysts for LyondellBasell Industries NV (LYB) stock is $102.27.
