LyondellBasell Industries' (LYB) Neutral Rating Reaffirmed at Piper Sandler

LyondellBasell Industries (NYSE:LYB - Get Free Report)'s stock had its "neutral" rating reiterated by research analysts at Piper Sandler in a report released on Tuesday, MarketBeat.com reports. They currently have a $95.00 target price on the specialty chemicals company's stock, down from their previous target price of $112.00. Piper Sandler's target price suggests a potential upside of 28.45% from the company's current price.

A number of other analysts have also recently commented on the company. Barclays dropped their price target on LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company cut their target price on LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 10th. StockNews.com upgraded LyondellBasell Industries from a "hold" rating to a "buy" rating in a report on Tuesday, December 24th. Royal Bank of Canada dropped their price target on shares of LyondellBasell Industries from $104.00 to $92.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Finally, The Goldman Sachs Group decreased their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $94.73.

LyondellBasell Industries Stock Up 0.1 %

LYB stock traded up $0.10 during midday trading on Tuesday, hitting $73.96. The stock had a trading volume of 2,819,229 shares, compared to its average volume of 3,111,426. The business has a 50-day moving average of $79.70 and a two-hundred day moving average of $89.69. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same quarter in the previous year, the business earned $2.46 earnings per share. The firm's revenue was down 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.11% of the company's stock.

Institutional Investors Weigh In On LyondellBasell Industries

Several hedge funds have recently made changes to their positions in LYB. HighTower Advisors LLC raised its stake in LyondellBasell Industries by 18.2% in the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company's stock worth $99,557,000 after buying an additional 159,803 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of LyondellBasell Industries by 3.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock worth $501,501,000 after acquiring an additional 187,150 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of LyondellBasell Industries by 23.1% during the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock worth $5,936,000 after purchasing an additional 11,610 shares during the last quarter. Principal Financial Group Inc. boosted its position in LyondellBasell Industries by 6.3% during the third quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock valued at $29,489,000 after purchasing an additional 18,311 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in LyondellBasell Industries in the third quarter valued at about $7,537,000. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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.