LyondellBasell Industries (NYSE:LYB) Stock Rating Upgraded by Barclays

LyondellBasell Industries (NYSE:LYB) was upgraded by Barclays to a “hold” rating in a report released on Monday, Zacks reports.

Several other brokerages have also weighed in on LYB. Wall Street Zen lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, September 5th. Royal Bank Of Canada lowered their target price on shares of LyondellBasell Industries from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 26th. BMO Capital Markets increased their price target on LyondellBasell Industries from $64.00 to $68.00 and gave the company a “market perform” rating in a research note on Monday, August 3rd. Finally, Zacks Research lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.50.

LyondellBasell Industries Stock Up 1.9%

NYSE:LYB opened at $61.16 on Monday. The company has a market cap of $19.76 billion, a price-to-earnings ratio of -54.12, a P/E/G ratio of 0.16 and a beta of 0.30. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.07 and a current ratio of 1.64. The stock’s fifty day moving average price is $62.34 and its two-hundred day moving average price is $64.86. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 EPS for the quarter, beating the consensus estimate of $3.44 by $0.86. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. On average, analysts anticipate that LyondellBasell Industries will post 9.19 EPS for the current year.

Institutional Trading of LyondellBasell Industries

A number of hedge funds have recently modified their holdings of the company. Jamison Private Wealth Management Inc. lifted its holdings in LyondellBasell Industries by 1.6% during the first quarter. Jamison Private Wealth Management Inc. now owns 10,915 shares of the specialty chemicals company’s stock worth $879,000 after acquiring an additional 172 shares in the last quarter. Cidel Asset Management Inc. boosted its holdings in shares of LyondellBasell Industries by 2.0% in the second quarter. Cidel Asset Management Inc. now owns 9,996 shares of the specialty chemicals company’s stock valued at $526,000 after buying an additional 193 shares during the period. Ipsen Advisor Group LLC increased its position in shares of LyondellBasell Industries by 2.4% during the first quarter. Ipsen Advisor Group LLC now owns 9,359 shares of the specialty chemicals company’s stock worth $754,000 after acquiring an additional 216 shares in the last quarter. Moody National Bank Trust Division increased its position in shares of LyondellBasell Industries by 4.7% during the third quarter. Moody National Bank Trust Division now owns 6,116 shares of the specialty chemicals company’s stock worth $351,000 after acquiring an additional 275 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of LyondellBasell Industries by 31.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,255 shares of the specialty chemicals company’s stock valued at $72,000 after purchasing an additional 302 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

About LyondellBasell Industries

LyondellBasell Industries N.V. is a global chemical company that produces materials used across a wide range of industrial and consumer applications. Its portfolio includes olefins and polyolefins, such as polyethylene and polypropylene, as well as propylene oxide, oxyfuels, solvents, and other chemical intermediates.

The company’s products are used in packaging, healthcare, automotive components, construction materials, agriculture, home furnishings, and consumer goods. LyondellBasell also develops advanced polymer compounds and participates in recycling and circular-economy initiatives designed to increase the reuse of plastic materials.

LyondellBasell serves customers in markets throughout North America, Europe, Asia, and other international regions through manufacturing facilities, research operations, and commercial activities around the world.