Recent Research Analysts’ Ratings Changes for LyondellBasell Industries (LYB)

LyondellBasell Industries (NYSE: LYB) recently received a number of ratings updates from brokerages and research firms:

  • 2/6/2019 – LyondellBasell Industries had its “market perform” rating reaffirmed by analysts at Cowen Inc. They now have a $100.00 price target on the stock.
  • 2/5/2019 – LyondellBasell Industries had its price target lowered by analysts at BMO Capital Markets from $97.00 to $95.00. They now have a “market perform” rating on the stock.
  • 2/2/2019 – LyondellBasell Industries was given a new $120.00 price target on by analysts at Alembic Global Advisors. They now have a “buy” rating on the stock.
  • 2/1/2019 – LyondellBasell Industries was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “LyondellBasell's HDPE project should boost capacity and add to its earnings. The buyout of A. Schulman will also create significant cost synergies. However, LyondellBasell’s operations are subject to maintenance outages, which are affecting results. Scheduled maintenance activities are likely to weigh on margins in the fourth quarter. The company is also exposed to raw material cost inflation. Margins at its Olefins & Polyolefins — Europe, Asia, International unit are also under pressure. LyondellBasell has also underperformed the industry in the past six months.”
  • 1/23/2019 – LyondellBasell Industries was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “LyondellBasell’s operations are subject to maintenance outages, which are affecting results. Scheduled maintenance activities are likely to weigh on margins in the fourth quarter. The company is also exposed to raw material cost inflation. Margins at its Olefins & Polyolefins — Europe, Asia, International unit are also under pressure. LyondellBasell has also underperformed the industry in the past six months.”
  • 12/17/2018 – LyondellBasell Industries was upgraded by analysts at Deutsche Bank AG from a “hold” rating to a “buy” rating. They now have a $95.00 price target on the stock, up previously from $94.00.

Shares of LyondellBasell Industries stock opened at $84.58 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.10 and a current ratio of 1.92. The company has a market cap of $32.45 billion, a PE ratio of 7.50, a P/E/G ratio of 0.87 and a beta of 1.38. LyondellBasell Industries NV has a twelve month low of $77.52 and a twelve month high of $119.39.

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc bought 2,186,973 shares of the stock in a transaction that occurred on Tuesday, November 13th. The shares were purchased at an average cost of $95.60 per share, for a total transaction of $209,074,618.80. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robin W.T. Buchanan bought 5,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The stock was acquired at an average price of $88.63 per share, for a total transaction of $443,150.00. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC increased its position in LyondellBasell Industries by 4.7% in the 4th quarter. Cerity Partners LLC now owns 2,662 shares of the specialty chemicals company’s stock valued at $221,000 after acquiring an additional 120 shares during the period. Private Capital Group LLC increased its position in shares of LyondellBasell Industries by 10.4% during the 4th quarter. Private Capital Group LLC now owns 1,513 shares of the specialty chemicals company’s stock valued at $126,000 after purchasing an additional 143 shares during the period. Navellier & Associates Inc increased its position in shares of LyondellBasell Industries by 3.3% during the 4th quarter. Navellier & Associates Inc now owns 5,104 shares of the specialty chemicals company’s stock valued at $424,000 after purchasing an additional 164 shares during the period. CAPROCK Group Inc. increased its position in shares of LyondellBasell Industries by 3.3% during the 4th quarter. CAPROCK Group Inc. now owns 6,126 shares of the specialty chemicals company’s stock valued at $509,000 after purchasing an additional 197 shares during the period. Finally, Pflug Koory LLC increased its position in shares of LyondellBasell Industries by 100.0% during the 4th quarter. Pflug Koory LLC now owns 400 shares of the specialty chemicals company’s stock valued at $38,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 76.29% of the company’s stock.

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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