LyondellBasell Industries (NYSE:LYB) Given New $84.00 Price Target at Piper Sandler

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its target price dropped by stock analysts at Piper Sandler from $95.00 to $84.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the specialty chemicals company's stock. Piper Sandler's price target suggests a potential upside of 9.46% from the company's current price.

LYB has been the topic of several other reports. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $90.00 to $80.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company decreased their target price on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Mizuho decreased their target price on shares of LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating on the stock in a research report on Monday, December 9th. Finally, Morgan Stanley decreased their target price on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and an average target price of $88.25.

LyondellBasell Industries Stock Performance

LYB traded up $0.50 during trading on Thursday, hitting $76.74. The stock had a trading volume of 1,481,277 shares, compared to its average volume of 2,739,539. The firm has a market cap of $24.92 billion, a PE ratio of 18.54, a P/E/G ratio of 0.92 and a beta of 1.05. 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. The company has a 50 day simple moving average of $75.60 and a 200-day simple moving average of $85.67.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the business earned $1.26 earnings per share. Analysts expect that LyondellBasell Industries will post 6.68 EPS for the current year.

Insiders Place Their Bets

In other LyondellBasell Industries 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 stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company's stock.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors and hedge funds have recently modified their holdings of the business. 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 worth $26,000 after buying an additional 143 shares during the last quarter. Rosenberg Matthew Hamilton raised 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 buying an additional 295 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of LyondellBasell Industries during the third quarter worth approximately $31,000. Lazard Asset Management LLC raised its stake 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 worth $34,000 after buying an additional 214 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of LyondellBasell Industries during the fourth quarter worth approximately $37,000. 71.20% of the stock is owned by institutional investors.

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.