According to Zacks, “LyondellBasell remains on track with its expansion projects that are expected to boost capacity and add to its earnings. The company also remains committed to boosting shareholder returns by leveraging healthy cash flows. Moreover, the company is executing its expansion projects to leverage the U.S. natural gas liquids (NGLs) advantage. However, LyondellBasell is exposed to headwind from weak product prices. Depressed crude oil prices may also hurt its margins moving ahead. Moreover, its operations are subject to maintenance outages.”
A number of other analysts have also recently issued reports on the stock. Morgan Stanley set a $115.00 target price on shares of LyondellBasell Industries and gave the stock a buy rating in a research note on Wednesday, September 28th. Jefferies Group raised their target price on shares of LyondellBasell Industries from $84.00 to $88.00 and gave the stock a hold rating in a research note on Thursday, September 22nd. RBC Capital Markets restated a hold rating and set a $82.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, September 20th. Deutsche Bank AG raised their target price on shares of LyondellBasell Industries from $80.00 to $83.00 and gave the stock a hold rating in a research note on Tuesday, September 13th. Finally, Susquehanna cut their target price on shares of LyondellBasell Industries from $100.00 to $96.00 and set a positive rating for the company in a research note on Friday, August 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $89.87.
Shares of LyondellBasell Industries (NYSE:LYB) opened at 80.00 on Friday. The company has a market cap of $33.26 billion, a PE ratio of 8.64 and a beta of 1.46. The company has a 50-day moving average of $78.92 and a 200-day moving average of $80.15. LyondellBasell Industries has a 1-year low of $69.10 and a 1-year high of $98.25.
LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 29th. The company reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by $0.06. The company had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.64 billion. LyondellBasell Industries had a return on equity of 66.25% and a net margin of 13.91%. The business’s quarterly revenue was down 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.81 EPS. Equities analysts forecast that LyondellBasell Industries will post $9.61 EPS for the current year.
In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $80.01, for a total value of $300,037.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. raised its position in LyondellBasell Industries by 3.0% in the first quarter. UBS Asset Management Americas Inc. now owns 2,279,923 shares of the company’s stock valued at $195,118,000 after buying an additional 66,090 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in LyondellBasell Industries by 0.4% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 16,700 shares of the company’s stock valued at $1,429,000 after buying an additional 60 shares in the last quarter. Meeder Asset Management Inc. raised its position in LyondellBasell Industries by 5,110.3% in the first quarter. Meeder Asset Management Inc. now owns 20,841 shares of the company’s stock valued at $1,783,000 after buying an additional 20,441 shares in the last quarter. Zebra Capital Management LLC raised its position in LyondellBasell Industries by 30.5% in the first quarter. Zebra Capital Management LLC now owns 13,521 shares of the company’s stock valued at $1,157,000 after buying an additional 3,161 shares in the last quarter. Finally, BB&T Securities LLC raised its position in LyondellBasell Industries by 294.8% in the first quarter. BB&T Securities LLC now owns 74,993 shares of the company’s stock valued at $6,418,000 after buying an additional 55,998 shares in the last quarter. 71.63% of the stock is currently owned by hedge funds and other 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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