LyondellBasell Industries (NYSE:LYB) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
Several other analysts also recently issued reports on LYB. Zacks Investment Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a research note on Monday. Wells Fargo & Co upped their price target on LyondellBasell Industries from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 6th. Standpoint Research reiterated a “hold” rating on shares of LyondellBasell Industries in a research note on Friday, June 1st. Jefferies Financial Group upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Finally, Barclays reiterated a “buy” rating and set a $135.00 price target on shares of LyondellBasell Industries in a research note on Sunday, May 20th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $116.40.
Shares of NYSE LYB opened at $107.83 on Wednesday. The company has a current ratio of 2.62, a quick ratio of 1.70 and a debt-to-equity ratio of 0.88. LyondellBasell Industries has a one year low of $82.54 and a one year high of $121.95. The stock has a market capitalization of $41.86 billion, a price-to-earnings ratio of 10.54, a PEG ratio of 1.05 and a beta of 1.10.
LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, April 27th. The specialty chemicals company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.31. LyondellBasell Industries had a return on equity of 53.55% and a net margin of 14.83%. The firm had revenue of $9.77 billion for the quarter, compared to the consensus estimate of $9.43 billion. During the same quarter in the previous year, the company posted $1.98 earnings per share. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. equities research analysts anticipate that LyondellBasell Industries will post 11.25 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $40,322,000. LPL Financial LLC lifted its position in shares of LyondellBasell Industries by 33.5% during the 4th quarter. LPL Financial LLC now owns 45,685 shares of the specialty chemicals company’s stock worth $5,040,000 after purchasing an additional 11,452 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $4,214,000. Zeke Capital Advisors LLC lifted its position in shares of LyondellBasell Industries by 31.7% during the 4th quarter. Zeke Capital Advisors LLC now owns 9,318 shares of the specialty chemicals company’s stock worth $1,028,000 after purchasing an additional 2,245 shares during the last quarter. Finally, Virtue Capital Management LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $864,000. 73.50% of the stock is owned by institutional investors and hedge funds.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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