Mizuho Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price objective decreased by research analysts at Mizuho from $62.00 to $54.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price target suggests a potential upside of 9.11% from the company’s previous close.

Other analysts also recently issued reports about the stock. Evercore ISI decreased their price objective on shares of LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating on the stock in a research report on Tuesday, September 23rd. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $75.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, August 4th. Royal Bank Of Canada cut their target price on shares of LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating for the company in a research note on Tuesday, August 5th. Citigroup dropped their price objective on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating for the company in a report on Thursday. Finally, BMO Capital Markets dropped their price target on LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating for the company in a research note on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.13.

LyondellBasell Industries Trading Up 0.3%

Shares of LyondellBasell Industries stock opened at $49.49 on Friday. LyondellBasell Industries has a 1-year low of $47.55 and a 1-year high of $96.81. The company’s fifty day simple moving average is $53.48 and its 200-day simple moving average is $57.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The stock has a market capitalization of $15.92 billion, a PE ratio of 64.28 and a beta of 0.87.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.25). The company had revenue of $7.66 billion during the quarter, compared to analysts’ expectations of $7.58 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company’s revenue for the quarter was down 11.8% on a year-over-year basis. During the same quarter last year, the company earned $2.24 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Buying and Selling at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the sale, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Crews Bank & Trust lifted its holdings in shares of LyondellBasell Industries by 16.4% in the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 175 shares during the last quarter. NewSquare Capital LLC lifted its stake in LyondellBasell Industries by 0.3% in the first quarter. NewSquare Capital LLC now owns 70,986 shares of the specialty chemicals company’s stock worth $4,932,000 after purchasing an additional 193 shares during the last quarter. New York Life Investment Management LLC boosted its position in shares of LyondellBasell Industries by 0.5% during the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after buying an additional 193 shares during the period. Forza Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 1.6% during the first quarter. Forza Wealth Management LLC now owns 12,705 shares of the specialty chemicals company’s stock valued at $894,000 after buying an additional 200 shares during the last quarter. Finally, Central Pacific Bank Trust Division raised its holdings in shares of LyondellBasell Industries by 4.3% in the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after buying an additional 200 shares during the period. Institutional investors 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.