LyondellBasell Industries (NYSE:LYB) Given New $72.00 Price Target at Barclays

LyondellBasell Industries (NYSE:LYB) had its price target cut by equities research analysts at Barclays from $80.00 to $72.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the specialty chemicals company’s stock. Barclays‘s price target indicates a potential upside of 1.87% from the company’s current price.

Other equities analysts also recently issued reports about the company. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. UBS Group lowered their target price on LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. The Goldman Sachs Group lowered their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research note on Thursday, December 12th. Piper Sandler decreased their price objective on shares of LyondellBasell Industries from $95.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, February 13th. Finally, StockNews.com cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $87.58.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock opened at $70.68 on Tuesday. The stock has a market cap of $22.86 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 0.97 and a beta of 1.06. LyondellBasell Industries has a 1 year low of $69.12 and a 1 year high of $107.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.83 and a quick ratio of 1.13. The firm’s 50-day moving average is $75.16 and its 200 day moving average is $80.71.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the business earned $1.26 earnings per share. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Activity at LyondellBasell Industries

In other news, Director Michael Sean Hanley purchased 3,750 shares of the stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Institutional Trading of LyondellBasell Industries

Several large investors have recently made changes to their positions in the business. Webster Bank N. A. lifted its holdings in LyondellBasell Industries by 70.4% in the fourth quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 143 shares during the period. Rosenberg Matthew Hamilton raised its holdings in shares of LyondellBasell Industries by 268.2% during the fourth quarter. Rosenberg Matthew Hamilton now owns 405 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 295 shares during the last quarter. Lazard Asset Management LLC boosted its stake in LyondellBasell Industries by 84.9% during the 4th quarter. Lazard Asset Management LLC now owns 466 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 214 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in LyondellBasell Industries during the 4th quarter valued at about $37,000. Finally, Covestor Ltd lifted its position in LyondellBasell Industries by 107.6% during the fourth quarter. Covestor Ltd now owns 548 shares of the specialty chemicals company’s stock worth $41,000 after buying an additional 284 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

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.