LyondellBasell Industries (NYSE:LYB) Given New $105.00 Price Target at BMO Capital Markets

LyondellBasell Industries (NYSE:LYB) had its price target boosted by research analysts at BMO Capital Markets from $99.00 to $105.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price suggests a potential upside of 4.27% from the stock’s current price.

LYB has been the topic of a number of other research reports. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Wolfe Research assumed coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. Mizuho lifted their target price on LyondellBasell Industries from $98.00 to $108.00 and gave the company a “neutral” rating in a research report on Monday. Royal Bank of Canada upped their target price on LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a report on Monday. 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $104.75.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded down $1.00 during trading hours on Tuesday, hitting $100.70. 240,072 shares of the stock were exchanged, compared to its average volume of 1,907,513. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.12 and a quick ratio of 1.32. The firm has a market capitalization of $32.77 billion, a P/E ratio of 15.63, a P/E/G ratio of 1.25 and a beta of 1.19. The company’s 50 day moving average is $100.95 and its 200 day moving average is $96.58.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $9.70 billion. During the same period in the previous year, the company posted $2.50 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, research analysts expect that LyondellBasell Industries will post 8.69 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, 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 transaction of $1,819,431.06. Following the completion of the transaction, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm’s 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 transaction, the chief accounting officer now owns 27,575 shares in the company, valued at approximately $2,770,460.25. 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 ninety days. Insiders own 0.11% of the company’s stock.

Institutional Trading of LyondellBasell Industries

A number of hedge funds have recently bought and sold shares of the stock. Valley National Advisers Inc. bought a new stake in shares of LyondellBasell Industries during the third quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of LyondellBasell Industries in the third quarter valued at about $26,000. FSC Wealth Advisors LLC acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $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 in the last quarter. Finally, Heritage Wealth Advisors bought a new position in shares of LyondellBasell Industries in the 4th quarter valued at $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.