LyondellBasell Industries' (LYB) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

LyondellBasell Industries (NYSE:LYB - Get Free Report)'s stock had its "neutral" rating reissued by JPMorgan Chase & Co. in a report issued on Friday, Marketbeat reports. They presently have a $60.00 price objective on the specialty chemicals company's stock, down from their previous price objective of $80.00. JPMorgan Chase & Co.'s price target suggests a potential upside of 3.14% from the stock's previous close.

A number of other brokerages also recently commented on LYB. UBS Group cut their price objective on LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Mizuho reduced their target price on LyondellBasell Industries from $97.00 to $85.00 and set a "neutral" rating for the company in a report on Monday, December 9th. Morgan Stanley dropped their price target on LyondellBasell Industries from $90.00 to $85.00 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. Finally, The Goldman Sachs Group dropped their target price on shares of LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $76.50.

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LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock traded up $4.95 during trading on Friday, hitting $58.18. The stock had a trading volume of 3,757,437 shares, compared to its average volume of 2,332,971. The business has a fifty day moving average of $73.04 and a two-hundred day moving average of $79.38. LyondellBasell Industries has a fifty-two week low of $50.84 and a fifty-two week high of $107.02. The firm has a market cap of $18.82 billion, a P/E ratio of 14.05, a PEG ratio of 0.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 posted $1.26 EPS. On average, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was bought at an average cost of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now directly owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.11% of the company's stock.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently bought and sold shares of LYB. Vident Advisory LLC boosted its stake in shares of LyondellBasell Industries by 0.8% during the 4th quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company's stock worth $1,197,000 after acquiring an additional 131 shares in the last quarter. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% in the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 143 shares during the last quarter. Cairn Investment Group Inc. boosted its position in LyondellBasell Industries by 0.4% during the fourth quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company's stock worth $3,130,000 after purchasing an additional 155 shares during the period. Alliance Wealth Advisors LLC UT boosted its position in LyondellBasell Industries by 5.2% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company's stock worth $268,000 after purchasing an additional 177 shares during the period. Finally, Y.D. More Investments Ltd grew its holdings in LyondellBasell Industries by 14.9% during the fourth quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company's stock valued at $111,000 after purchasing an additional 194 shares during the last quarter. 71.20% of the stock is currently 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.