LyondellBasell Industries (NYSE:LYB) PT Raised to $105.00

LyondellBasell Industries (NYSE:LYB) had its target price lifted by equities researchers at BMO Capital Markets from $99.00 to $105.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price suggests a potential upside of 5.51% from the company’s current price.

LYB has been the topic of several other reports. Barclays lifted their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Mizuho raised their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company increased their target price on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price objective on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, Citigroup raised their price target on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $104.75.

LyondellBasell Industries Trading Down 0.5 %

Shares of LYB stock opened at $99.52 on Tuesday. The firm’s fifty day simple moving average is $101.07 and its 200 day simple moving average is $96.65. LyondellBasell Industries has a 1 year low of $84.80 and a 1 year high of $106.69. 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 firm has a market capitalization of $32.41 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating 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 in the prior year, the company posted $2.50 EPS. The business’s revenue was down 3.1% on a year-over-year basis. As a group, sell-side analysts predict that LyondellBasell Industries will post 8.69 EPS for the current year.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries 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 sale, the executive vice president now owns 91,758 shares of the company’s stock, valued at $9,101,476.02. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the transaction, the director now directly owns 12,276 shares of the company’s stock, valued at $1,233,246.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. 0.11% of the stock is owned by company insiders.

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors and hedge funds have recently bought and sold shares of the company. Valley National Advisers Inc. purchased a new stake in LyondellBasell Industries in the 3rd quarter worth about $25,000. FSC Wealth Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in LyondellBasell Industries in the 3rd quarter worth approximately $26,000. McIlrath & Eck LLC grew its stake in 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 buying an additional 141 shares in the last quarter. Finally, Heritage Wealth Advisors purchased 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.

About LyondellBasell Industries

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.