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

LyondellBasell Industries (NYSE:LYB) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Barclays lowered their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday. UBS Group reduced their price objective on LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Mizuho lowered their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a report on Monday. Finally, JPMorgan Chase & Co. cut their price target on LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $100.56.

LyondellBasell Industries Trading Up 1.0 %

Shares of NYSE LYB opened at $87.33 on Wednesday. LyondellBasell Industries has a fifty-two week low of $83.36 and a fifty-two week high of $107.02. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company has a market cap of $28.36 billion, a price-to-earnings ratio of 13.29, a PEG ratio of 1.63 and a beta of 1.08. The business’s 50 day moving average price is $92.81 and its 200-day moving average price is $95.71.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.46 EPS. On average, sell-side analysts expect that LyondellBasell Industries will post 7.38 earnings per share for the current year.

Hedge Funds Weigh In On LyondellBasell Industries

A number of large investors have recently made changes to their positions in LYB. CVA Family Office LLC increased its holdings in shares of LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Chilton Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the first quarter worth $27,000. Beacon Capital Management LLC acquired a new stake in shares of LyondellBasell Industries during the first quarter worth $28,000. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries during the third quarter valued at $30,000. Finally, Blue Trust Inc. increased its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 227 shares during the period. 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.