LyondellBasell Industries (NYSE:LYB – Get Free Report) was upgraded by analysts at Barclays to a “hold” rating in a note issued to investors on Monday, Zacks reports.
Several other research analysts also recently commented on the stock. Morgan Stanley dropped their target price on shares of LyondellBasell Industries from $77.00 to $72.00 and set an “overweight” rating on the stock in a report on Monday, July 20th. BMO Capital Markets upped their price target on shares of LyondellBasell Industries from $64.00 to $68.00 and gave the company a “market perform” rating in a report on Monday, August 3rd. Weiss Ratings downgraded LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 1st. Finally, KeyCorp assumed coverage on LyondellBasell Industries in a research note on Thursday, September 10th. They issued a “sector weight” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, ten have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $71.50.
Check Out Our Latest Analysis on LyondellBasell Industries
LyondellBasell Industries Stock Up 1.9%
LyondellBasell Industries (NYSE:LYB – Get Free Report) last announced its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The company had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same quarter last year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. Research analysts forecast that LyondellBasell Industries will post 9.19 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in LYB. HBW Advisory Services LLC raised its holdings in shares of LyondellBasell Industries by 51.9% in the third quarter. HBW Advisory Services LLC now owns 47,504 shares of the specialty chemicals company’s stock valued at $2,730,000 after buying an additional 16,241 shares during the last quarter. Lipe & Dalton grew its holdings in LyondellBasell Industries by 1.2% during the 3rd quarter. Lipe & Dalton now owns 41,970 shares of the specialty chemicals company’s stock worth $2,412,000 after acquiring an additional 500 shares during the last quarter. Mather Group LLC. grew its holdings in LyondellBasell Industries by 431.1% during the 3rd quarter. Mather Group LLC. now owns 9,241 shares of the specialty chemicals company’s stock worth $531,000 after acquiring an additional 7,501 shares during the last quarter. Fortitude Family Office LLC increased its position in LyondellBasell Industries by 221.0% in the 3rd quarter. Fortitude Family Office LLC now owns 504 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 347 shares in the last quarter. Finally, Krilogy Financial LLC increased its position in LyondellBasell Industries by 15.9% in the 3rd quarter. Krilogy Financial LLC now owns 16,809 shares of the specialty chemicals company’s stock valued at $999,000 after acquiring an additional 2,310 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.
The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.
LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.
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