LyondellBasell Industries NV (NYSE:LYB) was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, May 9th. The brokerage currently has a $93.00 target price on the specialty chemicals company’s stock. Vertical Research’s target price would suggest a potential upside of 15.66% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Tuesday, January 17th. Evercore ISI initiated coverage on shares of LyondellBasell Industries NV in a research report on Monday, February 13th. They set a “buy” rating and a $109.00 target price for the company. Instinet upped their price target on shares of LyondellBasell Industries NV from $82.00 to $91.00 and gave the company a “neutral” rating in a research note on Monday, February 6th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $100.00 price target on shares of LyondellBasell Industries NV in a research note on Friday, February 10th. Finally, Citigroup Inc reaffirmed an “overweight” rating on shares of LyondellBasell Industries NV in a research note on Friday, April 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the stock. LyondellBasell Industries NV presently has a consensus rating of “Hold” and a consensus price target of $91.00.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded up 1.67% on Tuesday, reaching $81.75. 715,821 shares of the company’s stock traded hands. LyondellBasell Industries NV has a one year low of $69.82 and a one year high of $97.64. The company’s 50-day moving average price is $85.33 and its 200 day moving average price is $87.92. The firm has a market cap of $32.93 billion, a P/E ratio of 9.36 and a beta of 1.04.
LyondellBasell Industries NV (NYSE:LYB) last issued its earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.36 by $0.36. LyondellBasell Industries NV had a return on equity of 63.76% and a net margin of 13.15%. The company had revenue of $8.43 billion for the quarter, compared to the consensus estimate of $7.59 billion. During the same quarter in the prior year, the company posted $2.48 EPS. LyondellBasell Industries NV’s revenue was up 25.0% compared to the same quarter last year. On average, equities analysts forecast that LyondellBasell Industries NV will post $9.88 EPS for the current fiscal year.
In other news, SVP Jacquelyn H. Wolf sold 14,769 shares of the firm’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $94.01, for a total value of $1,388,433.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Ai New Holdings 2 Llc sold 246,212 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $94.19, for a total transaction of $23,190,708.28. The disclosure for this sale can be found here. Insiders sold a total of 400,598 shares of company stock worth $37,021,809 over the last 90 days. Company insiders own 0.14% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC bought a new stake in LyondellBasell Industries NV during the first quarter worth approximately $107,000. Sunbelt Securities Inc. acquired a new position in LyondellBasell Industries NV during the fourth quarter worth about $108,000. TrimTabs Asset Management LLC raised its position in LyondellBasell Industries NV by 89.1% in the first quarter. TrimTabs Asset Management LLC now owns 1,358 shares of the specialty chemicals company’s stock worth $124,000 after buying an additional 640 shares in the last quarter. Compagnie Lombard Odier SCmA raised its position in LyondellBasell Industries NV by 18.4% in the third quarter. Compagnie Lombard Odier SCmA now owns 1,580 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 246 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd acquired a new position in LyondellBasell Industries NV during the first quarter worth about $132,000. Institutional investors own 69.75% of the company’s stock.
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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