LyondellBasell Industries (NYSE:LYB) Upgraded at StockNews.com

LyondellBasell Industries (NYSE:LYB) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

LYB has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price target on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, Mizuho decreased their price target on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Up 0.4 %

LYB opened at $83.34 on Friday. LyondellBasell Industries has a 12 month low of $81.45 and a 12 month high of $107.02. The company has a market cap of $27.07 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 2.33 and a beta of 1.08. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The company has a 50 day moving average of $88.88 and a 200 day moving average of $93.62.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The company had revenue of $10.33 billion for the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The company’s revenue was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. On average, sell-side analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in LyondellBasell Industries by 6.3% in the third quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company’s stock valued at $29,489,000 after purchasing an additional 18,311 shares during the last quarter. Foresight Capital Management Advisors Inc. bought a new stake in LyondellBasell Industries during the 2nd quarter valued at $1,416,000. PGGM Investments boosted its position in LyondellBasell Industries by 47.9% during the 2nd quarter. PGGM Investments now owns 22,148 shares of the specialty chemicals company’s stock valued at $2,119,000 after buying an additional 7,168 shares during the period. International Assets Investment Management LLC bought a new stake in LyondellBasell Industries in the 3rd quarter worth $14,822,000. Finally, Cetera Advisors LLC increased its position in shares of LyondellBasell Industries by 99.6% in the first quarter. Cetera Advisors LLC now owns 45,048 shares of the specialty chemicals company’s stock valued at $4,608,000 after acquiring an additional 22,476 shares during the period. 71.20% of the stock is currently owned by hedge funds and other 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.