LyondellBasell Industries NV (NYSE:LYB) – Stock analysts at SunTrust Banks lifted their Q4 2017 earnings per share estimates for shares of LyondellBasell Industries in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Sheehan now expects that the specialty chemicals company will post earnings of $2.35 per share for the quarter, up from their previous estimate of $2.34. SunTrust Banks has a “Hold” rating and a $100.00 price objective on the stock.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, October 27th. The specialty chemicals company reported $2.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.02). LyondellBasell Industries had a net margin of 11.32% and a return on equity of 58.13%.

A number of other equities analysts have also recently weighed in on the stock. Wells Fargo & Co restated an “outperform” rating and set a $125.00 price objective (up from $110.00) on shares of LyondellBasell Industries in a research report on Wednesday. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Tuesday, January 9th. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price objective for the company in a research report on Monday, December 18th. Finally, Morgan Stanley set a $115.00 price objective on shares of LyondellBasell Industries and gave the stock a “buy” rating in a research report on Saturday, December 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. LyondellBasell Industries has a consensus rating of “Hold” and a consensus price target of $103.74.

LyondellBasell Industries (NYSE:LYB) opened at $116.88 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. The stock has a market cap of $46,100.00, a price-to-earnings ratio of 12.46, a P/E/G ratio of 1.36 and a beta of 1.08. LyondellBasell Industries has a 12 month low of $78.01 and a 12 month high of $118.13.

Several hedge funds and other institutional investors have recently modified their holdings of LYB. Fieldpoint Private Securities LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $109,000. BDO Wealth Advisors LLC raised its position in shares of LyondellBasell Industries by 64.5% in the third quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after buying an additional 700 shares during the last quarter. WESPAC Advisors SoCal LLC raised its position in shares of LyondellBasell Industries by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 100 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of LyondellBasell Industries by 80.0% in the third quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 800 shares during the last quarter. Finally, WFG Advisors LP raised its position in shares of LyondellBasell Industries by 66.4% in the second quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock valued at $187,000 after buying an additional 883 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.09% of the stock is owned by corporate insiders.

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About LyondellBasell Industries

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 (NYSE:LYB)

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