LyondellBasell Industries (NYSE:LYB) Reaches New 12-Month Low on Analyst Downgrade

LyondellBasell Industries N.V. (NYSE:LYB)’s share price hit a new 52-week low during mid-day trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $52.00 to $50.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. LyondellBasell Industries traded as low as $44.76 and last traded at $44.74, with a volume of 2700825 shares. The stock had previously closed at $46.27.

LYB has been the subject of a number of other reports. Evercore ISI cut their price target on LyondellBasell Industries from $90.00 to $65.00 and set an “in-line” rating for the company in a research note on Tuesday, September 23rd. UBS Group cut their price target on LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research note on Monday, October 6th. Mizuho set a $52.00 price target on LyondellBasell Industries in a research note on Monday. Wells Fargo & Company cut their price target on LyondellBasell Industries from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $57.69.

Insider Buying and Selling at LyondellBasell Industries

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LYB. MTM Investment Management LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at approximately $26,000. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at approximately $26,000. Capital A Wealth Management LLC grew its holdings in LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 442 shares during the last quarter. Investment Management Corp VA ADV grew its holdings in LyondellBasell Industries by 177.6% in the 1st quarter. Investment Management Corp VA ADV now owns 408 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 261 shares during the last quarter. Finally, Hilltop National Bank acquired a new stake in LyondellBasell Industries in the 2nd quarter valued at approximately $29,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Price Performance

The stock has a market cap of $14.30 billion, a price-to-earnings ratio of 57.76 and a beta of 0.87. The stock has a fifty day simple moving average of $50.11 and a 200-day simple moving average of $55.37. 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 released its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The company’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.88 EPS. As a group, equities research analysts expect that LyondellBasell Industries N.V. will post 6.31 EPS for the current year.

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.