LyondellBasell Industries (NYSE:LYB) Stock Rating Lowered by StockNews.com

LyondellBasell Industries (NYSE:LYB) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price objective on LyondellBasell Industries from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Tuesday, December 10th. Barclays cut their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Mizuho lowered their price objective on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research note on Monday, December 9th. Finally, The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $97.36.

LyondellBasell Industries Trading Up 1.0 %

Shares of NYSE:LYB opened at $75.44 on Monday. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $24.50 billion, a PE ratio of 11.48, a P/E/G ratio of 2.16 and a beta of 1.05. LyondellBasell Industries has a 1 year low of $74.60 and a 1 year high of $107.02. The firm has a fifty day moving average price of $84.53 and a 200 day moving average price of $91.80.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the business earned $2.46 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Analysts expect that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The stock was bought at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.11% of the company’s stock.

Institutional Trading of LyondellBasell Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Retirement Systems of Alabama increased its position in shares of LyondellBasell Industries by 0.5% during the 3rd quarter. Retirement Systems of Alabama now owns 57,021 shares of the specialty chemicals company’s stock worth $5,468,000 after purchasing an additional 277 shares during the last quarter. Franklin Resources Inc. raised its position in LyondellBasell Industries by 11.4% during the third quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company’s stock worth $268,664,000 after acquiring an additional 293,622 shares in the last quarter. Tidal Investments LLC grew its position in shares of LyondellBasell Industries by 45.1% in the 3rd quarter. Tidal Investments LLC now owns 33,308 shares of the specialty chemicals company’s stock valued at $3,194,000 after acquiring an additional 10,359 shares during the period. Optimist Retirement Group LLC lifted its holdings in LyondellBasell Industries by 13.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company’s stock valued at $2,072,000 after purchasing an additional 2,498 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in LyondellBasell Industries during the third quarter worth $658,000. Institutional investors and hedge funds own 71.20% of the company’s stock.

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.