UBS Group Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its target price reduced by analysts at UBS Group from $77.00 to $76.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target suggests a potential downside of 2.87% from the stock’s current price.

A number of other research analysts also recently issued reports on LYB. Morgan Stanley decreased their price target on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. The Goldman Sachs Group cut their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday, December 12th. Wells Fargo & Company lowered their price objective on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $100.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, December 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. According to MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $89.17.

LyondellBasell Industries Stock Up 2.6 %

LyondellBasell Industries stock opened at $78.25 on Monday. The firm has a market capitalization of $25.41 billion, a P/E ratio of 18.90, a P/E/G ratio of 5.11 and a beta of 1.05. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The stock’s fifty day simple moving average is $76.30 and its 200-day simple moving average is $86.97.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period in the previous year, the company posted $1.26 EPS. As a group, equities analysts expect that LyondellBasell Industries will post 7.4 earnings per share for the current fiscal year.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently bought and sold shares of the business. CVA Family Office LLC grew its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares during the period. Matrix Trust Co acquired a new stake in LyondellBasell Industries in the third quarter valued at $30,000. Ashton Thomas Securities LLC acquired a new stake in LyondellBasell Industries in the third quarter valued at $31,000. Webster Bank N. A. increased its position in shares of LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 143 shares in the last quarter. Finally, Rosenberg Matthew Hamilton boosted its position in shares of LyondellBasell Industries by 268.2% in the 4th quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 295 shares in the last quarter. 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.