Barclays Trims LyondellBasell Industries (NYSE:LYB) Target Price to $102.00

LyondellBasell Industries (NYSE:LYBGet Rating) had its target price dropped by analysts at Barclays from $110.00 to $102.00 in a report released on Tuesday, The Fly reports. The firm currently has a “maintains” rating on the specialty chemicals company’s stock. Barclays‘s target price suggests a potential upside of 19.09% from the stock’s previous close.

A number of other research analysts also recently issued reports on LYB. Piper Sandler reduced their price objective on LyondellBasell Industries from $115.00 to $98.00 in a research note on Monday, July 25th. Mizuho upped their price target on LyondellBasell Industries from $125.00 to $132.00 in a research report on Tuesday, May 3rd. JPMorgan Chase & Co. dropped their price target on LyondellBasell Industries from $130.00 to $115.00 in a research report on Friday, June 17th. Credit Suisse Group began coverage on LyondellBasell Industries in a research report on Monday, June 27th. They set an “underperform” rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company upped their price target on LyondellBasell Industries from $120.00 to $125.00 in a research report on Monday, May 2nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $106.37.

LyondellBasell Industries Trading Up 0.2 %

Shares of LyondellBasell Industries stock opened at $85.65 on Tuesday. The company has a market capitalization of $28.06 billion, a P/E ratio of 5.22, a price-to-earnings-growth ratio of 0.63 and a beta of 1.27. The company has a current ratio of 1.68, a quick ratio of 1.01 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $93.83 and a 200 day simple moving average of $99.74. LyondellBasell Industries has a 12-month low of $82.14 and a 12-month high of $117.22.

LyondellBasell Industries (NYSE:LYBGet Rating) last announced its quarterly earnings data on Friday, July 29th. The specialty chemicals company reported $5.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $0.28. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $13.70 billion. LyondellBasell Industries had a return on equity of 49.41% and a net margin of 10.19%. The business’s revenue for the quarter was up 28.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.13 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 17.38 earnings per share for the current fiscal year.

Insider Buying and Selling at LyondellBasell Industries

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

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds have recently made changes to their positions in the business. Core Wealth Advisors Inc. bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $28,000. Rise Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 1,207.7% in the 2nd quarter. Rise Advisors LLC now owns 340 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 314 shares during the last quarter. Covestor Ltd bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $31,000. EverSource Wealth Advisors LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth approximately $34,000. Finally, Industrial Alliance Investment Management Inc. purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth $35,000. 69.64% of the stock is currently owned by institutional investors.

About LyondellBasell Industries

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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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