LyondellBasell Industries (NYSE:LYB) Stock Rating Upgraded by Wall Street Zen

LyondellBasell Industries (NYSE:LYB) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities research analysts have also recently commented on the company. Mizuho set a $52.00 target price on LyondellBasell Industries in a research note on Monday, November 3rd. JPMorgan Chase & Co. lowered their price target on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reduced their price objective on LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a report on Wednesday, October 1st. The Goldman Sachs Group cut their target price on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday, October 17th. Finally, Rothschild & Co Redburn lowered their price target on shares of LyondellBasell Industries from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $57.69.

LyondellBasell Industries Stock Up 1.2%

Shares of LYB traded up $0.53 during trading hours on Friday, reaching $42.91. 6,194,159 shares of the stock traded hands, compared to its average volume of 4,157,077. LyondellBasell Industries has a 52 week low of $42.26 and a 52 week high of $86.45. The company has a market cap of $13.81 billion, a price-to-earnings ratio of 55.72 and a beta of 0.87. The stock has a fifty day simple moving average of $49.32 and a 200 day simple moving average of $55.11. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, beating the consensus estimate of $0.80 by $0.21. LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The firm had revenue of $7.73 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter last year, the business posted $1.88 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, equities analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

Insider Buying and Selling at LyondellBasell Industries

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total value of $1,071,400.00. Following the transaction, the chief executive officer owned 160,351 shares of the company’s stock, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of LyondellBasell Industries in the second quarter worth approximately $280,000,000. Soundwatch Capital LLC bought a new position in shares of LyondellBasell Industries in the 2nd quarter worth $268,123,000. Pacer Advisors Inc. raised its position in shares of LyondellBasell Industries by 3,502.2% during the 1st quarter. Pacer Advisors Inc. now owns 2,015,528 shares of the specialty chemicals company’s stock valued at $141,893,000 after buying an additional 1,959,576 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 137.9% during the 1st quarter. HighTower Advisors LLC now owns 1,760,045 shares of the specialty chemicals company’s stock worth $123,907,000 after acquiring an additional 1,020,169 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 9,239,562 shares of the specialty chemicals company’s stock worth $650,465,000 after acquiring an additional 657,443 shares in the last quarter. 71.20% of the stock is currently owned by institutional investors.

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.