LyondellBasell Industries (NYSE:LYB) Upgraded by StockNews.com to “Buy” Rating

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

Other equities analysts have also issued reports about the stock. Mizuho decreased their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, December 6th. The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Piper Sandler lowered their price target on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, Barclays dropped their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $96.27.

LyondellBasell Industries Price Performance

LYB opened at $74.12 on Tuesday. The firm has a market capitalization of $24.07 billion, a PE ratio of 11.28, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The business’s 50-day moving average is $82.56 and its two-hundred day moving average is $91.05. LyondellBasell Industries has a 1 year low of $72.93 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 EPS. Research analysts anticipate that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries 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 purchase, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently modified their holdings of the business. Principal Financial Group Inc. increased its holdings in shares of 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. Retirement Systems of Alabama grew its holdings in LyondellBasell Industries by 0.5% in the 3rd quarter. Retirement Systems of Alabama now owns 57,021 shares of the specialty chemicals company’s stock valued at $5,468,000 after buying an additional 277 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after acquiring an additional 293,622 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of LyondellBasell Industries by 45.1% during the 3rd quarter. Tidal Investments LLC now owns 33,308 shares of the specialty chemicals company’s stock worth $3,194,000 after acquiring an additional 10,359 shares during the period. Finally, Optimist Retirement Group LLC boosted its position in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company’s stock valued at $2,072,000 after acquiring an additional 2,498 shares during the last quarter. Hedge funds and other institutional investors 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.