Shares of LyondellBasell Industries (NYSE:LYB) have been assigned a consensus rating of “Hold” from the nineteen analysts that are currently covering the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $90.27.
Several equities analysts recently issued reports on LYB shares. Vetr cut LyondellBasell Industries from a “strong-buy” rating to a “buy” rating and set a $84.88 price target on the stock. in a report on Monday, July 11th. Morgan Stanley set a $115.00 price target on LyondellBasell Industries and gave the company a “buy” rating in a report on Wednesday, September 28th. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a report on Wednesday, October 5th. Tudor Pickering started coverage on LyondellBasell Industries in a report on Thursday, October 13th. They issued a “buy” rating and a $95.00 price target on the stock. Finally, Jefferies Group reiterated a “hold” rating and issued a $84.00 price target on shares of LyondellBasell Industries in a report on Monday, August 1st.
In other news, Director Jagjeet S. Bindra sold 3,750 shares of the business’s stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $80.01, for a total value of $300,037.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of LYB. Rothschild Investment Corp IL boosted its stake in shares of LyondellBasell Industries by 184.7% in the third quarter. Rothschild Investment Corp IL now owns 16,457 shares of the company’s stock worth $1,327,000 after buying an additional 10,677 shares in the last quarter. Skylands Capital LLC boosted its stake in shares of LyondellBasell Industries by 103.3% in the third quarter. Skylands Capital LLC now owns 15,350 shares of the company’s stock worth $1,238,000 after buying an additional 7,800 shares in the last quarter. American National Bank boosted its stake in shares of LyondellBasell Industries by 7.1% in the third quarter. American National Bank now owns 35,478 shares of the company’s stock worth $2,862,000 after buying an additional 2,343 shares in the last quarter. Premier Asset Managment LLC boosted its stake in shares of LyondellBasell Industries by 5.0% in the third quarter. Premier Asset Managment LLC now owns 17,700 shares of the company’s stock worth $1,427,000 after buying an additional 850 shares in the last quarter. Finally, AT Bancorp boosted its stake in shares of LyondellBasell Industries by 7.7% in the third quarter. AT Bancorp now owns 43,487 shares of the company’s stock worth $3,508,000 after buying an additional 3,110 shares in the last quarter. 71.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of LyondellBasell Industries (NYSE:LYB) opened at 80.18 on Friday. The company has a 50 day moving average price of $79.01 and a 200 day moving average price of $79.94. The company has a market cap of $33.33 billion, a PE ratio of 8.66 and a beta of 1.46. LyondellBasell Industries has a 52 week low of $69.10 and a 52 week high of $97.20.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, July 29th. The company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by $0.06. The firm earned $7.33 billion during the quarter, compared to the consensus estimate of $7.64 billion. LyondellBasell Industries had a net margin of 13.91% and a return on equity of 66.25%. LyondellBasell Industries’s revenue was down 19.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.81 EPS. On average, equities analysts expect that LyondellBasell Industries will post $9.61 earnings per share for the current year.
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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