LyondellBasell Industries NV (LYB) Upgraded at ValuEngine

LyondellBasell Industries NV (NYSE:LYB) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday, September 6th.

Several other brokerages have also recently issued reports on LYB. UBS AG reissued a “neutral” rating and set a $88.00 price objective (up from $85.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Zacks Investment Research cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company reissued a “hold” rating and set a $90.00 price objective on shares of LyondellBasell Industries NV in a research note on Monday, August 28th. Sanford C. Bernstein reissued an “outperform” rating and set a $110.00 price objective on shares of LyondellBasell Industries NV in a research note on Wednesday, June 28th. Finally, BidaskClub raised shares of LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Three analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $95.67.

LyondellBasell Industries NV (NYSE LYB) traded up 0.78% on Wednesday, hitting $95.17. The stock had a trading volume of 7,251,700 shares. LyondellBasell Industries NV has a 52-week low of $75.76 and a 52-week high of $97.64. The company has a 50 day moving average price of $89.93 and a 200-day moving average price of $86.35. The company has a market cap of $37.67 billion, a price-to-earnings ratio of 10.63 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The company had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.52 billion. During the same period in the previous year, the company earned $2.56 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts predict that LyondellBasell Industries NV will post $9.89 earnings per share for the current year.

LyondellBasell Industries NV declared that its board has authorized a share repurchase plan on Wednesday, May 24th that permits the company to repurchase 1,000% of shares. This repurchase authorization permits the specialty chemicals company to purchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its stock is undervalued.

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In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

A number of large investors have recently bought and sold shares of LYB. FMR LLC raised its stake in shares of LyondellBasell Industries NV by 20.7% in the 1st quarter. FMR LLC now owns 29,128,736 shares of the specialty chemicals company’s stock valued at $2,656,249,000 after purchasing an additional 4,990,465 shares in the last quarter. BlackRock Inc. raised its stake in shares of LyondellBasell Industries NV by 2,032.9% in the 1st quarter. BlackRock Inc. now owns 20,062,376 shares of the specialty chemicals company’s stock valued at $1,829,488,000 after purchasing an additional 19,121,769 shares in the last quarter. Brookstone Capital Management raised its stake in shares of LyondellBasell Industries NV by 8.7% in the 2nd quarter. Brookstone Capital Management now owns 70,061 shares of the specialty chemicals company’s stock valued at $5,912,000 after purchasing an additional 5,624 shares in the last quarter. South Dakota Investment Council raised its stake in shares of LyondellBasell Industries NV by 1.7% in the 1st quarter. South Dakota Investment Council now owns 140,481 shares of the specialty chemicals company’s stock valued at $12,810,000 after purchasing an additional 2,400 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of LyondellBasell Industries NV by 5.5% in the 2nd quarter. LSV Asset Management now owns 2,933,138 shares of the specialty chemicals company’s stock valued at $247,527,000 after purchasing an additional 152,741 shares in the last quarter. 73.82% of the stock is owned by institutional investors.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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Analyst Recommendations for LyondellBasell Industries NV (NYSE:LYB)

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