LyondellBasell Industries NV (NYSE:LYB) – Equities researchers at Jefferies Group cut their Q4 2017 earnings per share estimates for shares of LyondellBasell Industries NV in a research note issued to investors on Monday. Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $2.30 per share for the quarter, down from their previous estimate of $2.47. Jefferies Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for LyondellBasell Industries NV’s FY2021 earnings at $10.00 EPS.

A number of other research firms have also weighed in on LYB. Cowen and Company restated a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a report on Monday, August 28th. UBS AG raised their target price on LyondellBasell Industries NV from $88.00 to $96.00 and gave the company a “neutral” rating in a report on Friday, October 13th. ValuEngine upgraded LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Zacks Investment Research lowered LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, HSBC Holdings plc lowered LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $99.56.

TRADEMARK VIOLATION WARNING: “Jefferies Group Analysts Lower Earnings Estimates for LyondellBasell Industries NV (LYB)” was posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/11/02/jefferies-group-analysts-lower-earnings-estimates-for-lyondellbasell-industries-nv-lyb.html.

Several institutional investors and hedge funds have recently modified their holdings of the business. State of Wisconsin Investment Board raised its stake in shares of LyondellBasell Industries NV by 4.5% in the third quarter. State of Wisconsin Investment Board now owns 491,801 shares of the specialty chemicals company’s stock valued at $48,713,000 after buying an additional 21,392 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of LyondellBasell Industries NV in the third quarter valued at $618,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of LyondellBasell Industries NV by 13.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 78,970 shares of the specialty chemicals company’s stock valued at $7,822,000 after buying an additional 9,256 shares during the period. BT Investment Management Ltd raised its stake in shares of LyondellBasell Industries NV by 20.4% in the third quarter. BT Investment Management Ltd now owns 151,402 shares of the specialty chemicals company’s stock valued at $15,054,000 after buying an additional 25,702 shares during the period. Finally, Empirical Finance LLC bought a new stake in shares of LyondellBasell Industries NV in the third quarter valued at $1,363,000. Hedge funds and other institutional investors own 74.05% of the company’s stock.

In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Earnings History and Estimates for LyondellBasell Industries NV (NYSE:LYB)

Receive News & Ratings for LyondellBasell Industries NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries NV and related companies with MarketBeat.com's FREE daily email newsletter.