LyondellBasell Industries (LYB) Rating Lowered to Sell at ValuEngine

LyondellBasell Industries (NYSE:LYB) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

A number of other brokerages have also issued reports on LYB. Citigroup lowered shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating and cut their price target for the stock from $125.00 to $109.00 in a report on Monday, September 17th. Zacks Investment Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a report on Monday, July 2nd. Nomura cut their price target on shares of LyondellBasell Industries from $118.00 to $113.00 and set a “neutral” rating on the stock in a report on Monday. Standpoint Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, BMO Capital Markets raised their price target on shares of LyondellBasell Industries from $111.00 to $112.00 and gave the stock a “market perform” rating in a report on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $117.46.

LYB stock opened at $94.79 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 2.27. LyondellBasell Industries has a 52 week low of $94.21 and a 52 week high of $121.95. The firm has a market cap of $39.91 billion, a P/E ratio of 9.27, a price-to-earnings-growth ratio of 0.92 and a beta of 1.14.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.90 by $0.44. The company had revenue of $10.21 billion for the quarter, compared to analyst estimates of $9.11 billion. LyondellBasell Industries had a net margin of 15.51% and a return on equity of 53.77%. Research analysts expect that LyondellBasell Industries will post 11.67 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Hudock Capital Group LLC lifted its position in shares of LyondellBasell Industries by 151.6% in the 2nd quarter. Hudock Capital Group LLC now owns 916 shares of the specialty chemicals company’s stock worth $100,000 after purchasing an additional 552 shares during the period. Sun Life Financial INC lifted its position in shares of LyondellBasell Industries by 843.4% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the specialty chemicals company’s stock worth $110,000 after purchasing an additional 894 shares during the period. Atlas Capital Advisors LLC lifted its position in shares of LyondellBasell Industries by 192.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 1,005 shares of the specialty chemicals company’s stock worth $109,000 after purchasing an additional 661 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of LyondellBasell Industries by 1,670.4% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,257 shares of the specialty chemicals company’s stock worth $135,000 after purchasing an additional 1,186 shares during the period. Finally, grace capital purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $165,000. 72.61% of the stock is owned by hedge funds and other institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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