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

LyondellBasell Industries (NYSE:LYB) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Several other analysts also recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft dropped their target price on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Piper Sandler cut their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. Barclays decreased their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Mizuho cut their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $96.27.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $74.01 on Tuesday. The stock has a 50 day moving average price of $83.31 and a 200 day moving average price of $91.35. LyondellBasell Industries has a 52-week low of $72.93 and a 52-week high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $24.04 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter last year, the company earned $2.46 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The shares were bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Rockland Trust Co. grew its stake in LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after acquiring an additional 112 shares during the period. Petredis Investment Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after purchasing an additional 116 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in shares of LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 122 shares during the period. Deseret Mutual Benefit Administrators raised its position in shares of LyondellBasell Industries by 3.4% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 4,055 shares of the specialty chemicals company’s stock worth $388,000 after buying an additional 132 shares during the period. Finally, Fiduciary Group LLC boosted its holdings in LyondellBasell Industries by 6.5% in the second quarter. Fiduciary Group LLC now owns 2,204 shares of the specialty chemicals company’s stock valued at $211,000 after acquiring an additional 134 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

About LyondellBasell Industries

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.