LyondellBasell Industries (NYSE:LYB) Rating Lowered to Hold at StockNews.com

LyondellBasell Industries (NYSE:LYB - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a note issued to investors on Monday.

A number of other equities research analysts have also recently weighed in on LYB. Mizuho dropped their price target on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Piper Sandler lowered 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. Deutsche Bank Aktiengesellschaft reduced 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. Barclays lowered their price objective on shares of LyondellBasell Industries from $99.00 to $95.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $97.36.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $0.99 during mid-day trading on Monday, hitting $74.68. 3,094,171 shares of the company were exchanged, compared to its average volume of 1,977,967. LyondellBasell Industries has a 1-year low of $74.60 and a 1-year high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The business has a fifty day moving average of $84.91 and a 200 day moving average of $91.97. The company has a market capitalization of $24.25 billion, a PE ratio of 11.37, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced 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). The firm had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The company's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.46 earnings per share. As a group, sell-side analysts expect that LyondellBasell Industries will post 7.02 earnings per share for the current year.

Insider Buying and Selling

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the business's stock in a transaction dated Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the acquisition, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Several institutional investors have recently added to or reduced their stakes in LYB. Retirement Systems of Alabama lifted its holdings in shares of LyondellBasell Industries by 0.5% in the third quarter. Retirement Systems of Alabama now owns 57,021 shares of the specialty chemicals company's stock valued at $5,468,000 after purchasing an additional 277 shares in the last quarter. Franklin Resources Inc. lifted its stake in LyondellBasell Industries by 11.4% in the 3rd quarter. Franklin Resources Inc. now owns 2,875,267 shares of the specialty chemicals company's stock valued at $268,664,000 after acquiring an additional 293,622 shares in the last quarter. Tidal Investments LLC boosted its position in LyondellBasell Industries by 45.1% during the 3rd quarter. Tidal Investments LLC now owns 33,308 shares of the specialty chemicals company's stock worth $3,194,000 after acquiring an additional 10,359 shares during the last quarter. Optimist Retirement Group LLC grew its stake in shares of LyondellBasell Industries by 13.1% during the 3rd quarter. Optimist Retirement Group LLC now owns 21,609 shares of the specialty chemicals company's stock worth $2,072,000 after acquiring an additional 2,498 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of LyondellBasell Industries in the third quarter worth $658,000. 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.

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