LyondellBasell Industries (LYB) Receives Consensus Rating of “Hold” from Analysts
LyondellBasell Industries (NYSE:LYB) has been assigned an average recommendation of “Hold” from the eighteen brokerages that are currently covering the firm. Two equities research analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $89.36.
A number of research firms have issued reports on LYB. Citigroup Inc. decreased their price objective on LyondellBasell Industries from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, August 2nd. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Monday, October 24th. Barclays PLC decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, August 2nd. Nomura set a $82.00 price objective on LyondellBasell Industries and gave the stock a “hold” rating in a report on Monday, August 1st. Finally, Argus reiterated a “hold” rating on shares of LyondellBasell Industries in a report on Thursday, August 18th.
In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 3,750 shares of the stock in a transaction dated Tuesday, August 30th. The stock was sold at an average price of $80.01, for a total value of $300,037.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.14% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in LyondellBasell Industries by 1.6% in the second quarter. Vanguard Group Inc. now owns 23,274,506 shares of the company’s stock worth $1,732,089,000 after buying an additional 360,118 shares in the last quarter. Janus Capital Management LLC increased its position in LyondellBasell Industries by 7.4% in the second quarter. Janus Capital Management LLC now owns 12,232,383 shares of the company’s stock worth $910,334,000 after buying an additional 844,373 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in LyondellBasell Industries by 6.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 10,262,230 shares of the company’s stock worth $763,715,000 after buying an additional 630,125 shares in the last quarter. Ameriprise Financial Inc. increased its position in LyondellBasell Industries by 17.7% in the third quarter. Ameriprise Financial Inc. now owns 6,864,300 shares of the company’s stock worth $553,654,000 after buying an additional 1,034,064 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in LyondellBasell Industries by 4.7% in the third quarter. BlackRock Fund Advisors now owns 4,637,201 shares of the company’s stock worth $374,037,000 after buying an additional 207,922 shares in the last quarter. 71.26% of the stock is currently owned by institutional investors.
LyondellBasell Industries (NYSE:LYB) traded down 0.054% during mid-day trading on Friday, reaching $82.965. 1,047,812 shares of the company’s stock traded hands. LyondellBasell Industries has a 12 month low of $69.10 and a 12 month high of $97.20. The stock has a market cap of $33.81 billion, a P/E ratio of 9.230 and a beta of 1.13. The company has a 50 day moving average price of $80.74 and a 200-day moving average price of $78.99.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Tuesday, November 1st. The company reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.32 by $0.01. The business had revenue of $7.37 billion for the quarter, compared to the consensus estimate of $7.48 billion. LyondellBasell Industries had a net margin of 13.57% and a return on equity of 64.02%. LyondellBasell Industries’s revenue was down 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.80 EPS. On average, analysts anticipate that LyondellBasell Industries will post $9.46 EPS for the current year.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.
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