Wells Fargo & Co reissued their outperform rating on shares of LyondellBasell Industries (NYSE:LYB) in a research note published on Wednesday morning, The Fly reports. They currently have a $125.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $110.00.
A number of other research firms have also issued reports on LYB. Royal Bank of Canada boosted their price objective on LyondellBasell Industries from $102.00 to $110.00 and gave the company a sector perform rating in a research report on Tuesday, October 31st. Cowen boosted their price objective on LyondellBasell Industries from $90.00 to $95.00 and gave the company a market perform rating in a research report on Monday, October 16th. SunTrust Banks restated a hold rating and set a $96.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries in a research report on Saturday, September 30th. UBS Group boosted their price objective on LyondellBasell Industries from $96.00 to $102.00 and gave the company a neutral rating in a research report on Monday, October 30th. Finally, Zacks Investment Research upgraded 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $103.74.
LyondellBasell Industries (NYSE LYB) traded up $3.03 during trading hours on Wednesday, reaching $119.92. The company had a trading volume of 2,863,969 shares, compared to its average volume of 1,720,446. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $119.99. The firm has a market cap of $46,380.00, a price-to-earnings ratio of 12.78, a P/E/G ratio of 1.37 and a beta of 1.08. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16.
In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of LYB. Fieldpoint Private Securities LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth $109,000. BDO Wealth Advisors LLC raised its stake in shares of LyondellBasell Industries by 64.5% in the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock worth $177,000 after buying an additional 700 shares in the last quarter. WESPAC Advisors SoCal LLC raised its stake in shares of LyondellBasell Industries by 4.9% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 100 shares in the last quarter. Salem Investment Counselors Inc. raised its stake in shares of LyondellBasell Industries by 80.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock worth $179,000 after buying an additional 800 shares in the last quarter. Finally, WFG Advisors LP raised its stake in shares of LyondellBasell Industries by 66.4% in the 2nd quarter. WFG Advisors LP now owns 2,213 shares of the specialty chemicals company’s stock worth $187,000 after buying an additional 883 shares in the last quarter. 74.09% of the stock is currently owned by institutional investors.
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LyondellBasell Industries Company Profile
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.
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