LyondellBasell Industries (NYSE:LYB) PT Lowered to $115.00

LyondellBasell Industries (NYSE:LYBGet Rating) had its price objective decreased by equities researchers at Wells Fargo & Company from $125.00 to $115.00 in a research report issued on Tuesday, MarketBeat.com reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 34.27% from the company’s previous close.

Several other research analysts also recently commented on LYB. Morgan Stanley decreased their price objective on LyondellBasell Industries from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Tuesday. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $109.00 to $99.00 and set a “sector perform” rating on the stock in a research note on Wednesday, June 22nd. Credit Suisse Group assumed coverage on LyondellBasell Industries in a research note on Monday, June 27th. They set an “underperform” rating and a $70.00 target price on the stock. Alembic Global Advisors downgraded LyondellBasell Industries from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $120.00 to $115.00 in a research note on Tuesday, May 31st. Finally, UBS Group decreased their target price on LyondellBasell Industries from $108.00 to $93.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $106.37.

LyondellBasell Industries Stock Up 0.2 %

NYSE LYB opened at $85.65 on Tuesday. The stock’s 50-day moving average price is $93.83 and its 200-day moving average price is $99.74. The company has a quick ratio of 1.01, a current ratio of 1.68 and a debt-to-equity ratio of 0.90. LyondellBasell Industries has a 52 week low of $82.14 and a 52 week high of $117.22. The company has a market capitalization of $28.06 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27.

LyondellBasell Industries (NYSE:LYBGet Rating) last posted its quarterly earnings data on Friday, July 29th. The specialty chemicals company reported $5.19 EPS for the quarter, topping the consensus estimate of $4.91 by $0.28. LyondellBasell Industries had a return on equity of 49.41% and a net margin of 10.19%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $13.70 billion. During the same quarter last year, the company earned $6.13 earnings per share. The business’s revenue for the quarter was up 28.3% compared to the same quarter last year. On average, equities research analysts predict that LyondellBasell Industries will post 17.38 earnings per share for the current year.

Insider Activity

In other news, Director Jagjeet S. Bindra sold 2,640 shares of the stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $111.44, for a total value of $294,201.60. Following the sale, the director now owns 7,020 shares of the company’s stock, valued at $782,308.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Michael C. Mcmurray sold 33,880 shares of the firm’s stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $110.94, for a total value of $3,758,647.20. Following the transaction, the chief financial officer now owns 39,612 shares of the company’s stock, valued at approximately $4,394,555.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jagjeet S. Bindra sold 2,640 shares of the firm’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $111.44, for a total transaction of $294,201.60. Following the completion of the transaction, the director now directly owns 7,020 shares in the company, valued at approximately $782,308.80. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Veriti Management LLC increased its stake in LyondellBasell Industries by 43.8% in the 1st quarter. Veriti Management LLC now owns 4,527 shares of the specialty chemicals company’s stock worth $465,000 after buying an additional 1,378 shares during the period. Cerity Partners LLC increased its stake in LyondellBasell Industries by 5.2% in the 1st quarter. Cerity Partners LLC now owns 2,654 shares of the specialty chemicals company’s stock worth $273,000 after buying an additional 131 shares during the period. Fulton Bank N.A. grew its holdings in LyondellBasell Industries by 3.1% during the 1st quarter. Fulton Bank N.A. now owns 4,989 shares of the specialty chemicals company’s stock worth $512,000 after acquiring an additional 150 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in LyondellBasell Industries during the 4th quarter worth about $7,397,000. Finally, SG Americas Securities LLC grew its holdings in LyondellBasell Industries by 31.8% during the 1st quarter. SG Americas Securities LLC now owns 12,536 shares of the specialty chemicals company’s stock worth $1,289,000 after acquiring an additional 3,028 shares in the last quarter. Hedge funds and other institutional investors own 69.64% of the company’s stock.

About LyondellBasell Industries

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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.

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