LyondellBasell Industries (NYSE:LYB) PT Raised to $108.00 at Mizuho

LyondellBasell Industries (NYSE:LYB) had its price objective raised by equities research analysts at Mizuho from $98.00 to $108.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s target price indicates a potential upside of 8.03% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Citigroup boosted their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Barclays lifted their price objective on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Wells Fargo & Company lifted their price objective on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $104.75.

LyondellBasell Industries Stock Down 1.7 %

NYSE:LYB opened at $99.97 on Monday. The company has a market cap of $32.53 billion, a PE ratio of 15.45, a P/E/G ratio of 1.25 and a beta of 1.19. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The company has a current ratio of 2.12, a quick ratio of 1.32 and a debt-to-equity ratio of 0.85. The company’s 50 day moving average is $101.02 and its two-hundred day moving average is $96.63.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.17. The company had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.70 billion. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. LyondellBasell Industries’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.50 EPS. Analysts anticipate that LyondellBasell Industries will post 8.69 EPS for the current year.

Insider Activity at LyondellBasell Industries

In related news, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at approximately $8,960,440.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the transaction, the chief financial officer now directly owns 88,858 shares in the company, valued at $8,960,440.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the company’s stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the transaction, the chief accounting officer now owns 27,575 shares of the company’s stock, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock worth $8,077,267 in the last three months. Company insiders own 0.11% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Large investors have recently added to or reduced their stakes in the stock. Valley National Advisers Inc. acquired a new position in LyondellBasell Industries during the third quarter worth $25,000. FSC Wealth Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of LyondellBasell Industries during the third quarter worth $26,000. McIlrath & Eck LLC grew its holdings in shares of LyondellBasell Industries by 100.7% during the fourth quarter. McIlrath & Eck LLC now owns 281 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 141 shares in the last quarter. Finally, Heritage Wealth Advisors purchased a new stake in shares of LyondellBasell Industries during the fourth quarter worth $27,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.