LyondellBasell Industries (NYSE:LYB) Stock Rating Lowered by StockNews.com

LyondellBasell Industries (NYSE:LYB) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Several other equities analysts have also weighed in on LYB. JPMorgan Chase & Co. reduced their target price on shares of LyondellBasell Industries from $110.00 to $100.00 and set an “overweight” rating on the stock in a report on Monday. Wells Fargo & Company dropped their price target on shares of LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped 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 note on Monday. Royal Bank of Canada dropped their price target on shares of LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, Mizuho dropped their target price on shares of LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $100.56.

LyondellBasell Industries Stock Up 1.3 %

Shares of NYSE:LYB traded up $1.07 during midday trading on Wednesday, hitting $86.44. 3,842,551 shares of the company’s stock traded hands, compared to its average volume of 1,980,057. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The company has a market cap of $28.07 billion, a PE ratio of 13.16, a P/E/G ratio of 1.63 and a beta of 1.08. The firm’s fifty day moving average price is $92.81 and its two-hundred day moving average price is $95.71. LyondellBasell Industries has a twelve month low of $83.36 and a twelve month high of $107.02.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 EPS. On average, equities research analysts anticipate that LyondellBasell Industries will post 7.38 EPS for the current fiscal year.

Institutional Trading of LyondellBasell Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. CVA Family Office LLC raised its holdings in shares of LyondellBasell Industries by 155.9% in the 3rd quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 159 shares in the last quarter. Chilton Capital Management LLC acquired a new position in LyondellBasell Industries in the 1st quarter valued at approximately $27,000. Beacon Capital Management LLC acquired a new position in LyondellBasell Industries in the 1st quarter valued at approximately $28,000. Matrix Trust Co acquired a new position in LyondellBasell Industries in the 3rd quarter valued at approximately $30,000. Finally, Blue Trust Inc. increased its stake in LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 227 shares during the period. 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.