LyondellBasell Industries (NYSE:LYB) Stock Breaks Below 200-Day Moving Average – Should You Sell?

LyondellBasell Industries N.V. (NYSE:LYB) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $63.81 and traded as low as $62.12. LyondellBasell Industries shares last traded at $62.8850, with a volume of 7,422,927 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on LYB shares. Royal Bank Of Canada raised their price target on shares of LyondellBasell Industries from $68.00 to $82.00 and gave the stock an “outperform” rating in a report on Monday. Weiss Ratings upgraded LyondellBasell Industries from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday. Barclays boosted their price objective on LyondellBasell Industries from $66.00 to $69.00 and gave the company an “equal weight” rating in a research report on Monday. UBS Group boosted their target price on shares of LyondellBasell Industries from $62.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, The Goldman Sachs Group reissued a “sell” rating and issued a $69.00 target price on shares of LyondellBasell Industries in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $73.22.

LyondellBasell Industries Price Performance

The business has a 50 day simple moving average of $62.76 and a 200-day simple moving average of $63.81. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.18 and a current ratio of 1.78. The stock has a market cap of $20.33 billion, a P/E ratio of 15.88, a P/E/G ratio of 0.17 and a beta of 0.29.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, October 30th. The specialty chemicals company reported $2.54 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). The firm had revenue of $8.50 billion for the quarter, compared to analysts’ expectations of $8.87 billion. LyondellBasell Industries had a net margin of 4.06% and a return on equity of 21.94%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.01 EPS. On average, sell-side analysts forecast that LyondellBasell Industries N.V. will post 9.22 EPS for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 24th were given a $0.69 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $2.76 annualized dividend and a dividend yield of 4.4%. LyondellBasell Industries’s payout ratio is 69.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC lifted its holdings in shares of LyondellBasell Industries by 221.0% during the third quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 347 shares during the last quarter. Kelleher Financial Advisors increased its stake in shares of LyondellBasell Industries by 4,112.5% in the 2nd quarter. Kelleher Financial Advisors now owns 674 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 658 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of LyondellBasell Industries by 148.8% during the 2nd quarter. Versant Capital Management Inc now owns 953 shares of the specialty chemicals company’s stock valued at $50,000 after buying an additional 570 shares in the last quarter. Contravisory Investment Management Inc. bought a new stake in LyondellBasell Industries during the second quarter valued at about $53,000. Finally, Pinnacle Bancorp Inc. boosted its stake in LyondellBasell Industries by 26.0% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 965 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 199 shares during the period. 71.20% of the stock is owned by institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces polymers, chemicals and related products used in packaging, transportation, construction, healthcare, consumer goods and other industries. Its portfolio includes polyethylene, polypropylene, advanced polymers, propylene oxide, solvents, acetyls and other chemical intermediates.

The company also operates businesses involved in refining and in the development and licensing of chemical and polymer technologies. Its products are used to manufacture items such as food and beverage packaging, automotive components, medical products, coatings, adhesives and household goods.