LyondellBasell Industries (NYSE:LYB) Price Target Cut to $72.00 by Analysts at Barclays

LyondellBasell Industries (NYSE:LYB) had its price objective decreased by stock analysts at Barclays from $80.00 to $72.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s target price would suggest a potential upside of 4.13% from the stock’s current price.

Several other brokerages also recently commented on LYB. JPMorgan Chase & Co. cut their target price on LyondellBasell Industries from $90.00 to $80.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Morgan Stanley cut their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Mizuho decreased 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, Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.58.

LyondellBasell Industries Stock Down 1.8 %

Shares of NYSE:LYB traded down $1.26 on Tuesday, hitting $69.14. 557,158 shares of the company traded hands, compared to its average volume of 2,216,641. The stock has a 50 day simple moving average of $75.44 and a 200-day simple moving average of $80.94. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The company has a market cap of $22.36 billion, a PE ratio of 16.71, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 52 week low of $69.15 and a 52 week high of $107.02.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 quarter in the prior year, the business earned $1.26 EPS. As a group, research analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, for a total transaction of $270,187.50. Following the acquisition, the director now directly owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This represents a 30.54 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

Institutional Trading of LyondellBasell Industries

Institutional investors have recently made changes to their positions in the business. Webster Bank N. A. raised its stake 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 valued at $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock worth $30,000 after acquiring an additional 295 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of LyondellBasell Industries by 84.9% during the fourth quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 214 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of LyondellBasell Industries in the 4th quarter valued at approximately $37,000. Finally, Covestor Ltd boosted its stake in LyondellBasell Industries by 107.6% in the 4th quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock worth $41,000 after purchasing an additional 284 shares in the last quarter. Institutional investors and hedge funds 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.