LyondellBasell Industries (NYSE:LYB) Stock Rating Upgraded by StockNews.com

LyondellBasell Industries (NYSE:LYB) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other analysts have also commented on LYB. Barclays dropped their price target on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company decreased their target price on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Royal Bank of Canada decreased their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. Piper Sandler decreased their target price on LyondellBasell Industries from $117.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, November 8th. Finally, Evercore ISI raised LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has a consensus rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Stock Down 0.2 %

LYB stock opened at $83.44 on Thursday. LyondellBasell Industries has a twelve month low of $83.02 and a twelve month high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The stock’s 50 day moving average is $91.81 and its 200-day moving average is $95.24. The firm has a market capitalization of $27.10 billion, a PE ratio of 12.70, a P/E/G ratio of 2.33 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.10). The business had revenue of $10.33 billion for the quarter, compared to the consensus estimate of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.46 earnings per share. Sell-side analysts expect that LyondellBasell Industries will post 7.09 EPS for the current fiscal year.

Hedge Funds Weigh In On LyondellBasell Industries

Several hedge funds have recently made changes to their positions in the stock. Capital World Investors grew its position in LyondellBasell Industries by 28.9% during the first quarter. Capital World Investors now owns 2,675,701 shares of the specialty chemicals company’s stock worth $273,671,000 after buying an additional 600,554 shares in the last quarter. Ilex Capital Partners UK LLP purchased a new position in LyondellBasell Industries during the first quarter worth about $61,327,000. Pacer Advisors Inc. grew its position in LyondellBasell Industries by 13.6% during the second quarter. Pacer Advisors Inc. now owns 4,828,869 shares of the specialty chemicals company’s stock worth $461,930,000 after buying an additional 579,300 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 4.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 8,023,982 shares of the specialty chemicals company’s stock worth $769,500,000 after buying an additional 362,671 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its position in LyondellBasell Industries by 80.7% during the second quarter. Ensign Peak Advisors Inc now owns 779,040 shares of the specialty chemicals company’s stock worth $74,523,000 after buying an additional 347,877 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

About LyondellBasell Industries

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.