Insider Selling: LyondellBasell Industries NV SVP Unloads 17,560 Shares of Stock (LYB)
LyondellBasell Industries NV (NYSE:LYB) SVP Bhavesh V. Patel unloaded 17,560 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $98.75, for a total transaction of $1,734,050.00. Following the transaction, the senior vice president now directly owns 103,644 shares in the company, valued at approximately $10,234,845. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $100.70.
LyondellBasell Industries NV (NYSE:LYB) traded down 0.08% on Monday, hitting $98.92. 2,126,009 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 $101.00. The stock has a 50-day moving average of $95.88 and a 200-day moving average of $86.38. The company has a market cap of $52.160 billion and a P/E ratio of 14.30.
LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $1.72 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts predict that LyondellBasell Industries NV will post $7.45 earnings per share 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.