LyondellBasell Industries (NYSE:LYB) PT Raised to $105.00 at Deutsche Bank Aktiengesellschaft

LyondellBasell Industries (NYSE:LYB) had its price objective hoisted by Deutsche Bank Aktiengesellschaft from $100.00 to $105.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “hold” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 5.51% from the company’s current price.

A number of other equities analysts have also commented on LYB. Wells Fargo & Company increased their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Barclays increased their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the stock an “outperform” rating in a research report on Monday. Wolfe Research assumed coverage on LyondellBasell Industries in a report on Friday, March 1st. They issued an “underperform” rating on the stock. Finally, Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $104.75.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $99.52 on Tuesday. The company’s 50 day simple moving average is $101.07 and its two-hundred day simple moving average is $96.65. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. The stock has a market capitalization of $32.41 billion, a PE ratio of 15.38, a P/E/G ratio of 1.25 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data 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. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 earnings per share. Analysts predict that LyondellBasell Industries will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now directly owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares of the company’s stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. 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 insiders.

Institutional Trading of LyondellBasell Industries

A number of hedge funds have recently made changes to their positions in LYB. Valley National Advisers Inc. purchased a new position in LyondellBasell Industries in the 3rd quarter worth approximately $25,000. FSC Wealth Advisors LLC purchased a new position in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. McIlrath & Eck LLC raised its holdings in LyondellBasell Industries by 100.7% in the 4th quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 141 shares during the last quarter. Finally, Heritage Wealth Advisors purchased a new position in LyondellBasell Industries in the 4th quarter worth approximately $27,000. 71.20% of the stock is owned by institutional investors.

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.