LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $80.00 at JPMorgan Chase & Co.

LyondellBasell Industries (NYSE:LYB) had its price target reduced by investment analysts at JPMorgan Chase & Co. from $90.00 to $80.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 1.61% from the company’s current price.

LYB has been the topic of several other research reports. Royal Bank of Canada dropped their target price on LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Barclays dropped their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday. Mizuho dropped their target price on LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating on the stock in a research report on Monday, December 9th. The Goldman Sachs Group dropped their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research report on Thursday, December 12th. Finally, Wells Fargo & Company dropped their target price on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $89.33.

LyondellBasell Industries Stock Up 3.2 %

NYSE:LYB traded up $2.43 during midday trading on Tuesday, reaching $78.73. The company had a trading volume of 467,957 shares, compared to its average volume of 2,740,858. The firm has a market capitalization of $25.57 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 5.11 and a beta of 1.05. The stock’s fifty day simple moving average is $76.46 and its 200-day simple moving average is $87.12. LyondellBasell Industries has a 12-month low of $72.21 and a 12-month high of $107.02. 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 (NYSE:LYB) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates 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 last year, the firm posted $1.26 EPS. On average, sell-side analysts anticipate that LyondellBasell Industries will post 7.4 earnings per share for the current fiscal year.

Insider Activity at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, with a total value of $380,300.00. Following the completion of the transaction, the director now owns 18,175 shares of the company’s stock, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

Hedge Funds Weigh In On LyondellBasell Industries

A number of large investors have recently bought and sold shares of the business. Petredis Investment Advisors LLC lifted its holdings in LyondellBasell Industries by 0.5% in the third 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 last quarter. Castleview Partners LLC lifted its holdings in 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 acquiring an additional 136 shares during the last quarter. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the last quarter. Oliver Luxxe Assets LLC lifted its holdings in 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 during the last quarter. Finally, Cairn Investment Group Inc. increased its stake in shares of LyondellBasell Industries by 0.4% in the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after purchasing an additional 155 shares during the period. Institutional investors own 71.20% of the company’s stock.

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.