LyondellBasell Industries (NYSE:LYB) PT Lowered to $100.00

LyondellBasell Industries (NYSE:LYBGet Rating) had its price target lowered by investment analysts at Bank of America from $109.00 to $100.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Bank of America‘s price objective indicates a potential upside of 2.47% from the company’s current price.

A number of other research analysts have also recently issued reports on LYB. Mizuho lifted their price target on shares of LyondellBasell Industries from $125.00 to $132.00 in a research report on Tuesday, May 3rd. StockNews.com raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Friday, April 29th. Barclays lifted their target price on shares of LyondellBasell Industries from $125.00 to $130.00 in a report on Monday, May 2nd. Alembic Global Advisors cut shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $120.00 to $115.00 in a report on Tuesday, May 31st. Finally, BMO Capital Markets lifted their target price on shares of LyondellBasell Industries from $108.00 to $128.00 in a report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $114.53.

Shares of LYB opened at $97.59 on Tuesday. The firm’s 50-day moving average price is $107.98 and its 200-day moving average price is $100.85. The firm has a market capitalization of $31.97 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.72 and a beta of 1.27. The company has a current ratio of 1.76, a quick ratio of 1.10 and a debt-to-equity ratio of 0.88. LyondellBasell Industries has a 1-year low of $84.17 and a 1-year high of $117.22.

LyondellBasell Industries (NYSE:LYBGet Rating) last issued its quarterly earnings results on Friday, April 29th. The specialty chemicals company reported $4.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.48 by $0.52. LyondellBasell Industries had a net margin of 11.68% and a return on equity of 54.14%. The company had revenue of $13.16 billion during the quarter, compared to analysts’ expectations of $12.67 billion. During the same period last year, the company posted $3.18 EPS. LyondellBasell Industries’s revenue was up 44.9% on a year-over-year basis. On average, research analysts forecast that LyondellBasell Industries will post 17.7 EPS for the current fiscal year.

In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 33,880 shares of the company’s stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $110.94, for a total value of $3,758,647.20. Following the completion of the transaction, the chief financial officer now directly owns 39,612 shares in the company, valued at $4,394,555.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jagjeet S. Bindra sold 2,640 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $111.44, for a total transaction of $294,201.60. Following the completion of the transaction, the director now owns 7,020 shares of the company’s stock, valued at $782,308.80. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the business. J.W. Cole Advisors Inc. boosted its position in shares of LyondellBasell Industries by 9.9% in the first quarter. J.W. Cole Advisors Inc. now owns 3,676 shares of the specialty chemicals company’s stock worth $378,000 after purchasing an additional 331 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of LyondellBasell Industries by 54.6% in the first quarter. Rehmann Capital Advisory Group now owns 5,140 shares of the specialty chemicals company’s stock worth $528,000 after buying an additional 1,816 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LyondellBasell Industries by 3.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,174 shares of the specialty chemicals company’s stock worth $4,542,000 after buying an additional 1,396 shares in the last quarter. City State Bank lifted its holdings in shares of LyondellBasell Industries by 6.2% in the first quarter. City State Bank now owns 1,705 shares of the specialty chemicals company’s stock worth $175,000 after buying an additional 100 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in shares of LyondellBasell Industries by 5.1% in the first quarter. Kestra Private Wealth Services LLC now owns 25,563 shares of the specialty chemicals company’s stock worth $2,628,000 after buying an additional 1,244 shares in the last quarter. Institutional investors and hedge funds own 69.64% of the company’s stock.

LyondellBasell Industries Company Profile (Get Rating)

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.

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