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

LyondellBasell Industries (NYSE:LYB) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

LYB has been the topic of a number of other reports. Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 5th. Evercore ISI raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft decreased their price target on LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Mizuho dropped their price objective on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Piper Sandler decreased their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $83.34 on Friday. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 12.68, a PEG ratio of 2.33 and a beta of 1.08. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a twelve month low of $81.45 and a twelve month high of $107.02. The stock has a fifty day simple moving average of $88.88 and a 200 day simple moving average of $93.62.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company had revenue of $10.33 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same period in the previous year, the company posted $2.46 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in LyondellBasell Industries by 0.9% in the 1st quarter. Janus Henderson Group PLC now owns 60,613 shares of the specialty chemicals company’s stock worth $6,197,000 after purchasing an additional 559 shares in the last quarter. Cetera Investment Advisers increased its position in shares of LyondellBasell Industries by 174.8% during the first quarter. Cetera Investment Advisers now owns 113,921 shares of the specialty chemicals company’s stock valued at $11,652,000 after acquiring an additional 72,459 shares during the last quarter. Cetera Advisors LLC increased its position in shares of LyondellBasell Industries by 99.6% during the first quarter. Cetera Advisors LLC now owns 45,048 shares of the specialty chemicals company’s stock valued at $4,608,000 after acquiring an additional 22,476 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in LyondellBasell Industries by 15.3% during the first quarter. EverSource Wealth Advisors LLC now owns 1,416 shares of the specialty chemicals company’s stock worth $142,000 after acquiring an additional 188 shares during the period. Finally, GAMMA Investing LLC grew its stake in LyondellBasell Industries by 108.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,209 shares of the specialty chemicals company’s stock valued at $116,000 after purchasing an additional 629 shares during the period. Institutional investors 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.