Traders Buy Shares of LyondellBasell Industries NV (LYB) on Weakness

Traders bought shares of LyondellBasell Industries NV (NYSE:LYB) on weakness during trading hours on Tuesday. $58.14 million flowed into the stock on the tick-up and $46.62 million flowed out of the stock on the tick-down, for a money net flow of $11.52 million into the stock. Of all stocks tracked, LyondellBasell Industries NV had the 30th highest net in-flow for the day. LyondellBasell Industries NV traded down ($0.79) for the day and closed at $99.76

LYB has been the subject of several analyst reports. Cowen and Company restated a “hold” rating and issued a $90.00 target price on shares of LyondellBasell Industries NV in a research note on Monday, August 28th. Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 price target on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. HSBC Holdings plc started coverage on LyondellBasell Industries NV in a research report on Monday, June 26th. They set a “buy” rating and a $101.00 price target for the company. Jefferies Group LLC reiterated a “hold” rating and set a $88.00 price target on shares of LyondellBasell Industries NV in a research report on Friday, June 16th. Finally, ValuEngine upgraded LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $94.33.

The stock has a market cap of $39.14 billion, a P/E ratio of 11.04 and a beta of 1.04. The firm’s 50-day moving average price is $93.46 and its 200 day moving average price is $87.01.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings results on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.14. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The company had revenue of $8.40 billion during the quarter, compared to analyst estimates of $8.52 billion. During the same period in the prior year, the company earned $2.56 earnings per share. The firm’s revenue was up 14.7% on a year-over-year basis. Equities analysts anticipate that LyondellBasell Industries NV will post $9.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Friday, September 1st. LyondellBasell Industries NV’s payout ratio is presently 40.18%.

In related news, Director Jagjeet S. Bindra sold 3,224 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total transaction of $287,580.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of LYB. BlackRock Inc. lifted its stake in shares of LyondellBasell Industries NV by 2,032.9% in the 1st quarter. BlackRock Inc. now owns 20,062,376 shares of the specialty chemicals company’s stock valued at $1,829,488,000 after purchasing an additional 19,121,769 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of LyondellBasell Industries NV by 10,925.4% in the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock valued at $427,685,000 after purchasing an additional 5,021,985 shares during the last quarter. FMR LLC lifted its stake in shares of LyondellBasell Industries NV by 20.7% in the 1st quarter. FMR LLC now owns 29,128,736 shares of the specialty chemicals company’s stock valued at $2,656,249,000 after purchasing an additional 4,990,465 shares during the last quarter. Capital World Investors lifted its stake in shares of LyondellBasell Industries NV by 23.0% in the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after purchasing an additional 3,651,750 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. bought a new stake in shares of LyondellBasell Industries NV in the 2nd quarter valued at approximately $102,907,000. 73.81% of the stock is owned by institutional investors and hedge funds.

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LyondellBasell Industries NV 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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