LyondellBasell Industries (NYSE:LYB) Hits New 1-Year Low - Time to Sell?

LyondellBasell Industries (NYSE:LYB - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $82.07 and last traded at $82.07, with a volume of 431599 shares changing hands. The stock had previously closed at $83.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Mizuho reduced their price objective on shares of LyondellBasell Industries from $101.00 to $97.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Piper Sandler reduced their price objective on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a report on Friday, November 8th. Barclays reduced 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 report on Monday, November 4th. Evercore ISI upgraded shares of LyondellBasell Industries to a "hold" rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on shares of LyondellBasell Industries from $110.00 to $105.00 and set an "overweight" rating for the company in a report on Tuesday, November 5th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and an average price target of $101.70.

LyondellBasell Industries Trading Down 1.2 %

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 stock has a market capitalization of $26.70 billion, a PE ratio of 12.51, a PEG ratio of 2.31 and a beta of 1.08. The stock's 50 day simple moving average is $90.67 and its two-hundred day simple moving average is $94.64.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The company had revenue of $10.33 billion during the quarter, compared to analysts' expectations of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.46 earnings per share. On average, sell-side analysts expect that LyondellBasell Industries will post 7.09 EPS for the current year.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently modified their holdings of LYB. Orion Portfolio Solutions LLC raised its position in shares of LyondellBasell Industries by 179.6% in the first quarter. Orion Portfolio Solutions LLC now owns 13,823 shares of the specialty chemicals company's stock valued at $1,414,000 after purchasing an additional 8,879 shares during the period. Ontario Teachers Pension Plan Board bought a new stake in shares of LyondellBasell Industries in the first quarter valued at approximately $935,000. Bessemer Group Inc. increased its holdings in LyondellBasell Industries by 99.4% during the 1st quarter. Bessemer Group Inc. now owns 19,674 shares of the specialty chemicals company's stock worth $2,013,000 after acquiring an additional 9,809 shares during the period. Lake Street Advisors Group LLC bought a new stake in LyondellBasell Industries during the 1st quarter worth approximately $229,000. Finally, National Bank of Canada FI increased its holdings in LyondellBasell Industries by 184.5% during the 1st quarter. National Bank of Canada FI now owns 207,246 shares of the specialty chemicals company's stock worth $21,008,000 after acquiring an additional 134,393 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.