StockNews.com Upgrades LyondellBasell Industries (NYSE:LYB) to Buy

LyondellBasell Industries (NYSE:LYB - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Tuesday.

A number of other equities research analysts have also recently weighed in on LYB. The Goldman Sachs Group decreased their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research note on Thursday, December 12th. Barclays reduced their target price 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. Deutsche Bank Aktiengesellschaft cut their price objective 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. Piper Sandler decreased their target price on shares of LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating for the company in a research report on Friday, November 8th. Finally, Wells Fargo & Company lowered their target price on shares of LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday, December 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $96.27.

LyondellBasell Industries Stock Up 0.1 %

Shares of LYB stock traded up $0.11 on Tuesday, hitting $74.12. The stock had a trading volume of 1,016,383 shares, compared to its average volume of 2,020,201. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. LyondellBasell Industries has a one year low of $72.93 and a one year high of $107.02. The business has a 50 day moving average price of $82.92 and a 200 day moving average price of $91.20. The company has a market cap of $24.07 billion, a PE ratio of 11.28, a P/E/G ratio of 2.16 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its quarterly earnings data on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). The business 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%. LyondellBasell Industries's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.46 earnings per share. Research analysts anticipate that LyondellBasell Industries will post 7.02 earnings per share for the current fiscal year.

Insider Activity at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of LyondellBasell Industries stock in a transaction that occurred on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the purchase, the director now owns 18,175 shares in the company, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

A number of hedge funds have recently modified their holdings of LYB. CVA Family Office LLC grew its stake in LyondellBasell Industries by 155.9% during the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company's stock valued at $25,000 after acquiring an additional 159 shares in the last quarter. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $30,000. Ashton Thomas Securities LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $31,000. Fortitude Family Office LLC lifted its position in LyondellBasell Industries by 162.0% during the third quarter. Fortitude Family Office LLC now owns 469 shares of the specialty chemicals company's stock worth $45,000 after buying an additional 290 shares in the last quarter. Finally, Gilliland Jeter Wealth Management LLC boosted its stake in LyondellBasell Industries by 58.0% during the third quarter. Gilliland Jeter Wealth Management LLC now owns 553 shares of the specialty chemicals company's stock worth $53,000 after buying an additional 203 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.