LyondellBasell Industries (NYSE:LYB) PT Raised to $113.00

LyondellBasell Industries (NYSE:LYB) had its price target upped by research analysts at Royal Bank of Canada from $107.00 to $113.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank of Canada’s price target points to a potential upside of 13.03% from the company’s previous close.

A number of other research analysts also recently commented on the company. JPMorgan Chase & Co. increased their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. Barclays increased 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. 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. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. Finally, Wolfe Research assumed coverage on LyondellBasell Industries in a report on Friday, March 1st. They set an “underperform” rating on the stock. 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, the stock currently has an average rating of “Hold” and an average target price of $104.75.

LyondellBasell Industries Price Performance

Shares of NYSE LYB opened at $99.97 on Monday. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The business has a 50 day moving average price of $101.02 and a two-hundred day moving average price of $96.63. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. The firm has a market cap of $32.53 billion, a PE ratio of 15.45, a price-to-earnings-growth 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 for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a return on equity of 19.31% and a net margin of 5.20%. The firm had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same quarter last year, the firm earned $2.50 EPS. LyondellBasell Industries’s quarterly revenue was down 3.1% on a year-over-year basis. Sell-side analysts expect that LyondellBasell Industries will post 8.69 earnings per share for the current fiscal year.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction on Monday, February 26th. The stock was sold at an average price of $98.92, for a total transaction of $938,651.88. Following the sale, the executive vice president now owns 89,445 shares of the company’s stock, valued at approximately $8,847,899.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of LyondellBasell Industries stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Todd Lane sold 9,489 shares of LyondellBasell Industries stock in a transaction on Monday, February 26th. The shares were sold at an average price of $98.92, for a total value of $938,651.88. Following the transaction, the executive vice president now owns 89,445 shares in the company, valued at $8,847,899.40. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 in the last quarter. Corporate insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Several hedge funds have recently modified their holdings of LYB. Ballentine Partners LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter worth $228,000. Valeo Financial Advisors LLC grew its holdings in shares of LyondellBasell Industries by 6.8% in the 3rd quarter. Valeo Financial Advisors LLC now owns 5,701 shares of the specialty chemicals company’s stock worth $540,000 after acquiring an additional 365 shares during the last quarter. Busey Trust CO grew its holdings in shares of LyondellBasell Industries by 1.8% in the 3rd quarter. Busey Trust CO now owns 81,685 shares of the specialty chemicals company’s stock worth $7,736,000 after acquiring an additional 1,425 shares during the last quarter. Accurate Wealth Management LLC grew its holdings in shares of LyondellBasell Industries by 6.7% in the 3rd quarter. Accurate Wealth Management LLC now owns 6,138 shares of the specialty chemicals company’s stock worth $582,000 after acquiring an additional 384 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of LyondellBasell Industries by 3.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,393 shares of the specialty chemicals company’s stock worth $3,446,000 after acquiring an additional 1,095 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.