LyondellBasell Industries (NYSE:LYB) Hits New 12-Month Low – Here’s What Happened

LyondellBasell Industries N.V. (NYSE:LYB) reached a new 52-week low on Monday . The company traded as low as $42.15 and last traded at $41.9370, with a volume of 686521 shares. The stock had previously closed at $43.02.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating for the company in a research report on Wednesday, October 1st. UBS Group cut their target price on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating on the stock in a research note on Monday, October 6th. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $65.00 to $55.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Finally, Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, twelve have given a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $57.69.

LyondellBasell Industries Stock Performance

The stock has a market capitalization of $13.78 billion, a P/E ratio of 55.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.04 and a current ratio of 1.77. The business has a 50-day moving average price of $49.32 and a 200 day moving average price of $55.06.

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

Insider Transactions at LyondellBasell Industries

In related news, CEO Peter Z. E. Vanacker sold 20,000 shares of LyondellBasell Industries 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 sale, the chief executive officer directly owned 160,351 shares in the company, valued at $8,590,003.07. This trade represents a 11.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently added to or reduced their stakes in LYB. ANTIPODES PARTNERS Ltd increased its holdings in shares of LyondellBasell Industries by 13.9% in the third quarter. ANTIPODES PARTNERS Ltd now owns 238,718 shares of the specialty chemicals company’s stock worth $11,708,000 after acquiring an additional 29,099 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of LyondellBasell Industries in the third quarter valued at about $359,000. Pekin Hardy Strauss Inc. grew its stake in shares of LyondellBasell Industries by 21.2% in the third quarter. Pekin Hardy Strauss Inc. now owns 139,758 shares of the specialty chemicals company’s stock valued at $6,854,000 after acquiring an additional 24,448 shares in the last quarter. Muhlenkamp & Co. Inc. acquired a new stake in LyondellBasell Industries during the third quarter worth approximately $9,027,000. Finally, CenterBook Partners LP boosted its position in shares of LyondellBasell Industries by 73.1% during the 3rd quarter. CenterBook Partners LP now owns 81,540 shares of the specialty chemicals company’s stock worth $3,999,000 after acquiring an additional 34,436 shares in the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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.