Insider Selling: LyondellBasell Industries NV CEO Unloads 83,334 Shares of Stock (LYB)
LyondellBasell Industries NV (NYSE:LYB) CEO James L. Gallogly sold 83,334 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $100.09, for a total value of $8,340,900.06. Following the transaction, the chief executive officer now directly owns 1,128,616 shares of the company’s stock, valued at approximately $112,963,175. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on LYB shares. 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 equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. LyondellBasell Industries NV presently has a consensus rating of “Buy” and a consensus price target of $100.70.
Shares of LyondellBasell Industries NV (NYSE:LYB) traded down 0.02% on Tuesday, hitting $100.18. 764,562 shares of the company’s stock traded hands. LyondellBasell Industries NV has a one year low of $63.67 and a one year 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 $52.824 billion and a P/E ratio of 14.47.
LyondellBasell Industries NV (NYSE:LYB) last announced its earnings results 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. Analysts expect that LyondellBasell Industries NV will post $7.45 EPS for the current fiscal year.
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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