LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $90.00 at Wells Fargo & Company

LyondellBasell Industries (NYSE:LYB) had its target price lowered by research analysts at Wells Fargo & Company from $95.00 to $90.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 19.53% from the company’s current price.

Several other equities analysts have also recently weighed in on LYB. Morgan Stanley lowered their price objective on shares of LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. The Goldman Sachs Group dropped their price target on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Piper Sandler restated a “neutral” rating and set a $95.00 target price (down from $112.00) on shares of LyondellBasell Industries in a research report on Tuesday, January 7th. Finally, Mizuho dropped their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $93.92.

LyondellBasell Industries Trading Down 0.5 %

LyondellBasell Industries stock traded down $0.41 during mid-day trading on Monday, reaching $75.30. 950,991 shares of the company traded hands, compared to its average volume of 2,731,080. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 5.11 and a beta of 1.05. The firm’s 50 day moving average price is $76.46 and its 200 day moving average price is $87.12. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

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

Insider Buying and Selling at LyondellBasell Industries

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

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors have recently bought and sold shares of the company. Petredis Investment Advisors LLC grew its holdings in shares of LyondellBasell Industries by 0.5% in the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock worth $2,215,000 after acquiring an additional 116 shares during the period. Massmutual Trust Co. FSB ADV increased its position in shares of LyondellBasell Industries by 25.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 122 shares in the last quarter. Castleview Partners LLC boosted its position in shares of LyondellBasell Industries by 7.2% in the third quarter. Castleview Partners LLC now owns 2,023 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 136 shares during the period. Webster Bank N. A. raised its stake in shares of LyondellBasell Industries by 70.4% during the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after purchasing an additional 143 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its stake in shares of LyondellBasell Industries by 0.7% in the third quarter. Oliver Luxxe Assets LLC now owns 22,184 shares of the specialty chemicals company’s stock worth $2,127,000 after acquiring an additional 146 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.