LyondellBasell Industries (NYSE:LYB) Sets New 12-Month Low Following Analyst Downgrade

LyondellBasell Industries N.V. (NYSE:LYB) hit a new 52-week low during mid-day trading on Tuesday after JPMorgan Chase & Co. lowered their price target on the stock from $52.00 to $50.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. LyondellBasell Industries traded as low as $44.76 and last traded at $44.74, with a volume of 2700825 shares trading hands. The stock had previously closed at $46.27.

Other equities analysts also recently issued reports about the stock. Citigroup cut their price target on shares of LyondellBasell Industries from $53.00 to $49.00 and set a “neutral” rating on the stock in a report on Thursday, October 2nd. Royal Bank Of Canada dropped their price objective on LyondellBasell Industries from $64.00 to $54.00 and set a “sector perform” rating on the stock in a research note on Tuesday, August 5th. Alembic Global Advisors raised LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. UBS Group dropped their target price on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a report on Monday, October 6th. Finally, BMO Capital Markets dropped their target price on shares of LyondellBasell Industries from $60.00 to $58.00 and set a “market perform” rating on the stock in a report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, thirteen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $57.69.

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the transaction, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. The trade was a 11.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its position in LyondellBasell Industries by 33.4% during the third quarter. Jones Financial Companies Lllp now owns 11,894 shares of the specialty chemicals company’s stock worth $588,000 after purchasing an additional 2,977 shares during the last quarter. United Community Bank boosted its holdings in LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after purchasing an additional 283 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of LyondellBasell Industries by 4.9% in the 3rd quarter. Mediolanum International Funds Ltd now owns 46,195 shares of the specialty chemicals company’s stock valued at $2,267,000 after buying an additional 2,164 shares in the last quarter. Mutual Advisors LLC grew its position in shares of LyondellBasell Industries by 15.4% in the 3rd quarter. Mutual Advisors LLC now owns 20,181 shares of the specialty chemicals company’s stock valued at $945,000 after buying an additional 2,695 shares during the last quarter. Finally, Keybank National Association OH grew its position in shares of LyondellBasell Industries by 234.7% in the 3rd quarter. Keybank National Association OH now owns 51,109 shares of the specialty chemicals company’s stock valued at $2,506,000 after buying an additional 35,841 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 3.0%

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.77 and a quick ratio of 1.04. The company has a market cap of $14.44 billion, a price-to-earnings ratio of 58.24 and a beta of 0.87. The firm’s 50 day simple moving average is $50.35 and its 200-day simple moving average is $55.45.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a return on equity of 9.35% and a net margin of 0.74%.The business’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.88 EPS. As a group, sell-side analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

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.