Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of LyondellBasell Industries from a buy rating to a hold rating in a report on Friday, October 7th. Morgan Stanley set a $115.00 price objective on shares of LyondellBasell Industries and gave the stock a buy rating in a report on Wednesday, September 28th. Jefferies Group boosted their price objective on shares of LyondellBasell Industries from $84.00 to $88.00 and gave the stock a hold rating in a report on Thursday, September 22nd. RBC Capital Markets restated a hold rating and issued a $82.00 price objective on shares of LyondellBasell Industries in a report on Tuesday, September 20th. Finally, Deutsche Bank AG boosted their price objective on shares of LyondellBasell Industries from $80.00 to $83.00 and gave the stock a hold rating in a report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $89.87.
Shares of LyondellBasell Industries (NYSE:LYB) traded down 0.30% during trading on Thursday, reaching $79.66. The company’s stock had a trading volume of 612,556 shares. LyondellBasell Industries has a one year low of $69.10 and a one year high of $98.25. The company has a market capitalization of $33.12 billion, a price-to-earnings ratio of 8.60 and a beta of 1.46. The firm’s 50-day moving average price is $78.97 and its 200-day moving average price is $80.15.
LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, July 29th. The company reported $2.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by $0.06. LyondellBasell Industries had a net margin of 13.91% and a return on equity of 66.25%. The business had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the previous year, the business posted $2.81 earnings per share. LyondellBasell Industries’s revenue for the quarter was down 19.9% on a year-over-year basis. On average, equities analysts anticipate that LyondellBasell Industries will post $9.61 earnings per share for the current year.
In related news, Director Jagjeet S. Bindra sold 3,750 shares of the company’s stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $80.01, for a total value of $300,037.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Pinkerton Retirement Specialists LLC purchased a new position in shares of LyondellBasell Industries during the second quarter valued at $103,000. Americafirst Capital Management LLC purchased a new position in shares of LyondellBasell Industries during the second quarter valued at $106,000. Pacer Advisors Inc. increased its position in shares of LyondellBasell Industries by 321.5% in the second quarter. Pacer Advisors Inc. now owns 1,492 shares of the company’s stock valued at $111,000 after buying an additional 1,138 shares in the last quarter. Exane Derivatives increased its position in shares of LyondellBasell Industries by 103.6% in the second quarter. Exane Derivatives now owns 1,547 shares of the company’s stock valued at $115,000 after buying an additional 787 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in shares of LyondellBasell Industries during the second quarter valued at $129,000. 71.63% of the stock is owned by institutional investors.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.
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