LyondellBasell Industries (NYSE:LYB) Stock Rating Lowered by Fermium Researc

LyondellBasell Industries (NYSE:LYB) was downgraded by investment analysts at Fermium Researc from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. UBS Group dropped their price objective on shares of LyondellBasell Industries from $44.00 to $43.00 and set a “sell” rating for the company in a research report on Monday, October 6th. Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a research report on Friday, October 17th. Mizuho set a $52.00 target price on LyondellBasell Industries in a research report on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and a consensus price target of $56.19.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB opened at $43.10 on Wednesday. The firm has a market capitalization of $13.87 billion, a PE ratio of -11.49 and a beta of 0.71. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $79.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. The business has a 50-day moving average of $46.26 and a two-hundred day moving average of $53.40.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The business had revenue of $7.73 billion during the quarter, compared to analysts’ expectations of $7.41 billion. During the same quarter in the previous year, the business earned $1.88 EPS. The company’s revenue for the quarter was down 10.2% on a year-over-year basis. As a group, research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity

In related news, EVP Kimberly A. Foley purchased 5,661 shares of LyondellBasell Industries stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the transaction, the executive vice president owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Several institutional investors and hedge funds have recently bought and sold shares of LYB. Crews Bank & Trust grew its position in shares of LyondellBasell Industries by 16.4% in the 2nd quarter. Crews Bank & Trust now owns 1,245 shares of the specialty chemicals company’s stock worth $72,000 after acquiring an additional 175 shares in the last quarter. New York Life Investment Management LLC lifted its stake in LyondellBasell Industries by 0.5% during the second quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock worth $2,229,000 after purchasing an additional 193 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in LyondellBasell Industries by 4.3% in the second quarter. Central Pacific Bank Trust Division now owns 4,830 shares of the specialty chemicals company’s stock worth $279,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System increased its stake in LyondellBasell Industries by 0.3% during the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after purchasing an additional 200 shares during the last quarter. Finally, Horizon Investments LLC lifted its position in shares of LyondellBasell Industries by 2.5% in the 1st quarter. Horizon Investments LLC now owns 8,297 shares of the specialty chemicals company’s stock worth $584,000 after buying an additional 202 shares during the last quarter. Institutional investors and hedge funds 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.