LyondellBasell Industries (LYB) Earns News Impact Rating of 2.95

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Headlines about LyondellBasell Industries (NYSE:LYB) have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. LyondellBasell Industries earned a news impact score of 2.95 on their scale. InfoTrie also assigned news articles about the specialty chemicals company an news buzz score of 10 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company’s share price in the near future.

These are some of the headlines that may have effected LyondellBasell Industries’ ranking:

Several equities research analysts have weighed in on LYB shares. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $127.00 target price on the stock in a research report on Thursday, August 9th. Citigroup increased their target price on LyondellBasell Industries from $122.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Standpoint Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Alembic Global Advisors set a $145.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Finally, HSBC raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $117.70.

Shares of NYSE:LYB traded down $0.47 on Friday, hitting $96.06. The company’s stock had a trading volume of 3,141,644 shares, compared to its average volume of 3,294,405. LyondellBasell Industries has a 12 month low of $85.60 and a 12 month high of $121.95. The stock has a market cap of $37.16 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.86 and a beta of 1.24. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.09 and a current ratio of 1.82.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Tuesday, October 30th. The specialty chemicals company reported $2.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.28. LyondellBasell Industries had a return on equity of 47.35% and a net margin of 15.01%. The company had revenue of $10.16 billion during the quarter, compared to analysts’ expectations of $9.95 billion. During the same quarter in the prior year, the business posted $2.67 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities research analysts predict that LyondellBasell Industries will post 11.89 EPS for the current year.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc purchased 1,602,455 shares of the firm’s stock in a transaction dated Thursday, November 8th. The stock was bought at an average price of $95.65 per share, with a total value of $153,274,820.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders bought 2,209,263 shares of company stock valued at $209,013,494. Company insiders own 0.09% of the company’s stock.

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About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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