Wells Fargo & Company Lowers LyondellBasell Industries (NYSE:LYB) Price Target to $105.00

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target lowered by research analysts at Wells Fargo & Company from $110.00 to $105.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "overweight" rating on the specialty chemicals company's stock. Wells Fargo & Company's target price points to a potential upside of 22.99% from the stock's current price.

A number of other brokerages also recently issued reports on LYB. JPMorgan Chase & Co. reduced their price target on LyondellBasell Industries from $110.00 to $100.00 and set an "overweight" rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft reduced their target price on LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating on the stock in a research note on Monday. UBS Group cut their price target on shares of LyondellBasell Industries from $106.00 to $101.00 and set a "neutral" rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada decreased their price objective on shares of LyondellBasell Industries from $110.00 to $104.00 and set an "outperform" rating for the company in a report on Monday. Finally, Evercore ISI raised shares of LyondellBasell Industries to a "hold" rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries has a consensus rating of "Hold" and a consensus target price of $100.56.

LyondellBasell Industries Trading Up 1.4 %

LYB stock traded up $1.18 during midday trading on Tuesday, hitting $85.37. The company had a trading volume of 3,513,556 shares, compared to its average volume of 1,851,395. The stock has a market cap of $27.75 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.64 and a beta of 1.08. LyondellBasell Industries has a 52 week low of $83.36 and a 52 week high of $107.02. The company has a current ratio of 2.13, a quick ratio of 1.25 and a debt-to-equity ratio of 0.81. The stock's 50 day moving average price is $93.04 and its 200 day moving average price is $95.77.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts' consensus estimates 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 quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.46 earnings per share. As a group, equities research analysts expect that LyondellBasell Industries will post 7.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its stake in shares of LyondellBasell Industries by 13.6% in the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company's stock worth $461,930,000 after acquiring an additional 579,300 shares during the last quarter. Dimensional Fund Advisors LP grew its position in LyondellBasell Industries by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,695,361 shares of the specialty chemicals company's stock valued at $449,175,000 after purchasing an additional 170,464 shares during the last quarter. Capital World Investors increased its stake in LyondellBasell Industries by 28.9% during the 1st quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company's stock valued at $273,671,000 after purchasing an additional 600,554 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in LyondellBasell Industries by 0.6% in the second quarter. Envestnet Asset Management Inc. now owns 1,065,083 shares of the specialty chemicals company's stock worth $101,886,000 after buying an additional 6,760 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of LyondellBasell Industries by 0.4% during the third quarter. Raymond James & Associates now owns 912,538 shares of the specialty chemicals company's stock valued at $87,512,000 after buying an additional 3,394 shares during the last quarter. 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.