LyondellBasell Industries (NYSE:LYB) PT Raised to $104.00 at Barclays

LyondellBasell Industries (NYSE:LYB) had its target price boosted by Barclays from $100.00 to $104.00 in a research report issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price target points to a potential upside of 2.51% from the stock’s current price.

Several other research firms also recently commented on LYB. Wells Fargo & Company upped their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Mizuho increased their price objective on LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research report on Monday, April 29th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Finally, Citigroup increased their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $105.08.

LyondellBasell Industries Stock Up 1.7 %

LYB stock opened at $101.45 on Monday. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The business’s 50 day simple moving average is $101.14 and its 200 day simple moving average is $96.86. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The firm has a market capitalization of $33.03 billion, a PE ratio of 15.68, a PEG ratio of 1.43 and a beta of 1.18.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. During the same quarter last year, the company posted $2.50 EPS. LyondellBasell Industries’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, research analysts anticipate that LyondellBasell Industries will post 8.5 EPS for the current year.

Insider Activity at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at approximately $2,770,460.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now directly owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 over the last ninety days. 0.11% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valley National Advisers Inc. acquired a new position in shares of LyondellBasell Industries in the third quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new position in shares of LyondellBasell Industries in the 1st quarter worth approximately $27,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter valued at $26,000. McIlrath & Eck LLC boosted its stake in shares of LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 141 shares during the last quarter. Finally, Heritage Wealth Advisors acquired a new stake in shares of LyondellBasell Industries during the fourth quarter worth $27,000. 71.20% of the stock is owned by institutional investors and hedge funds.

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.