LyondellBasell Industries (NYSE:LYB) Price Target Cut to $76.00 by Analysts at UBS Group

LyondellBasell Industries (NYSE:LYB) had its price target cut by equities researchers at UBS Group from $77.00 to $76.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price points to a potential upside of 0.74% from the company’s current price.

LYB has been the subject of several other research reports. Barclays cut their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft reduced their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada dropped their price objective on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Piper Sandler reissued a “neutral” rating and set a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Finally, StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $91.83.

LyondellBasell Industries Trading Down 0.3 %

Shares of LYB traded down $0.26 during trading hours on Monday, hitting $75.44. The company had a trading volume of 1,368,111 shares, compared to its average volume of 2,758,368. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The stock’s 50 day moving average price is $76.46 and its 200 day moving average price is $87.12. The firm has a market cap of $24.50 billion, a P/E ratio of 18.18, a P/E/G ratio of 5.11 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the firm earned $1.26 earnings per share. On average, research analysts predict that LyondellBasell Industries will post 7.4 EPS for the current year.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $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 link. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CVA Family Office LLC boosted its position in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 159 shares during the last quarter. Webster Bank N. A. lifted its stake in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $30,000. Rosenberg Matthew Hamilton grew its stake in shares of LyondellBasell Industries by 268.2% in the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the period. Finally, Ashton Thomas Securities LLC purchased a new position in shares of LyondellBasell Industries during the third quarter valued at approximately $31,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

About LyondellBasell Industries

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.