LyondellBasell Industries (NYSE:LYB) PT Raised to $105.00

LyondellBasell Industries (NYSE:LYB) had its target price hoisted by equities research analysts at BMO Capital Markets from $99.00 to $105.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price suggests a potential upside of 4.27% from the stock’s current price.

Several other research analysts also recently commented on LYB. Wells Fargo & Company raised their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Wolfe Research assumed coverage on LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. Deutsche Bank Aktiengesellschaft cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Wednesday, January 10th. Barclays lifted their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Finally, Mizuho increased their price target on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.75.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $1.00 during trading on Tuesday, hitting $100.70. The company’s stock had a trading volume of 240,072 shares, compared to its average volume of 1,907,513. The company has a market cap of $32.77 billion, a PE ratio of 15.63, a P/E/G ratio of 1.25 and a beta of 1.19. The business has a fifty day moving average of $100.95 and a 200-day moving average of $96.58. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a 52 week low of $84.80 and a 52 week high of $106.69.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. The firm had revenue of $9.93 billion for the quarter, compared to analysts’ expectations of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.50 EPS. As a group, research analysts anticipate that LyondellBasell Industries will post 8.69 earnings per share for the current year.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Robin W.T. Buchanan sold 18,111 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now owns 88,858 shares in the company, valued at approximately $8,960,440.72. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock valued at $8,077,267 in the last 90 days. Insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valley National Advisers Inc. bought a new position in shares of LyondellBasell Industries during the third quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in LyondellBasell Industries during the 3rd quarter valued at about $26,000. FSC Wealth Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $26,000. McIlrath & Eck LLC lifted its position in LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the period. Finally, Heritage Wealth Advisors purchased a new stake in LyondellBasell Industries in the fourth quarter worth approximately $27,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Company Profile

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.