LyondellBasell Industries (NYSE:LYB) Stock Rating Lowered by StockNews.com

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

LYB has been the topic of several other research reports. Royal Bank of Canada cut their price objective on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. cut their price objective on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, December 6th. Mizuho decreased their target price 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. The Goldman Sachs Group lowered their price target on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research note on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $97.36.

LyondellBasell Industries Stock Performance

LYB stock traded down $0.99 during midday trading on Monday, reaching $74.68. 3,094,171 shares of the company were exchanged, compared to its average volume of 1,977,967. LyondellBasell Industries has a one year low of $74.60 and a one year high of $107.02. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 11.37, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The business has a 50-day moving average price of $84.91 and a two-hundred day moving average price of $91.97. 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 announced its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the company earned $2.46 EPS. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts forecast that LyondellBasell Industries will post 7.02 EPS for the current year.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.11% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors and hedge funds have recently made changes to their positions in LYB. Retirement Systems of Alabama boosted its stake in LyondellBasell Industries by 0.5% during 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 purchasing an additional 277 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of LyondellBasell Industries by 11.4% in the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock valued at $268,664,000 after purchasing an additional 293,622 shares in the last quarter. Tidal Investments LLC grew its holdings in LyondellBasell Industries by 45.1% during the third quarter. Tidal Investments LLC now owns 33,308 shares of the specialty chemicals company’s stock worth $3,194,000 after buying an additional 10,359 shares in the last quarter. Optimist Retirement Group LLC raised its position in LyondellBasell Industries by 13.1% in 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 buying an additional 2,498 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in LyondellBasell Industries during the 3rd quarter valued at $658,000. Institutional investors and hedge funds 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.