Insider Selling: Craig B. Glidden Sells 13,003 Shares of LyondellBasell Industries NV Stock (LYB)
LyondellBasell Industries NV (NYSE:LYB) EVP Craig B. Glidden sold 13,003 shares of the company’s stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $99.64, for a total value of $1,295,618.92. Following the sale, the executive vice president now directly owns 209,118 shares in the company, valued at approximately $20,836,518. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded down 0.01% during mid-day trading on Tuesday, hitting $100.19. The stock had a trading volume of 764,762 shares. LyondellBasell Industries NV has a 52 week low of $63.67 and a 52 week high of $100.50. The stock has a 50-day moving average of $94.71 and a 200-day moving average of $85.59. The company has a market cap of $52.830 billion and a P/E ratio of 14.47.
LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.73 by $0.01. The company had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $11.17 billion. During the same quarter last year, the company posted $1.56 earnings per share. LyondellBasell Industries NV’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that LyondellBasell Industries NV will post $7.45 earnings per share for the current fiscal year.
A number of research firms have recently commented on LYB. Analysts at Jefferies Group reiterated a “buy” rating on shares of LyondellBasell Industries NV in a research note on Tuesday, May 20th. They now have a $110.00 price target on the stock, up previously from $105.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of LyondellBasell Industries NV in a research note on Wednesday, April 30th. They now have a $108.00 price target on the stock, up previously from $92.00. Finally, analysts at Atlantic Securities initiated coverage on shares of LyondellBasell Industries NV in a research note on Tuesday, April 22nd. They set an “overweight” rating and a $115.00 price target on the stock. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $100.70.
LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.
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