LyondellBasell Industries (NYSE:LYB) Given Neutral Rating at Piper Sandler

LyondellBasell Industries (NYSE:LYB)‘s stock had its “neutral” rating reiterated by investment analysts at Piper Sandler in a report released on Tuesday, MarketBeat reports. They currently have a $95.00 target price on the specialty chemicals company’s stock, down from their previous target price of $112.00. Piper Sandler’s target price would suggest a potential upside of 30.12% from the company’s current price.

Several other brokerages have also issued reports on LYB. StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, December 6th. Finally, The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $94.73.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $73.01 on Tuesday. The firm has a market cap of $23.71 billion, a PE ratio of 11.11, a P/E/G ratio of 2.13 and a beta of 1.06. The business has a 50-day moving average price of $79.15 and a 200 day moving average price of $89.42. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the company earned $2.46 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Sell-side analysts predict that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company’s stock.

Institutional Trading of LyondellBasell Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CVA Family Office LLC boosted its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares during the period. Matrix Trust Co acquired a new position in LyondellBasell Industries during the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC purchased a new position in LyondellBasell Industries in the third quarter worth $31,000. Fortitude Family Office LLC lifted its stake in shares of LyondellBasell Industries by 162.0% in the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company’s stock valued at $45,000 after purchasing an additional 290 shares during the period. Finally, Gilliland Jeter Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 58.0% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company’s stock valued at $53,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 71.20% of the company’s stock.

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.