Traders Buy Shares of LyondellBasell Industries (LYB) on Weakness

Traders purchased shares of LyondellBasell Industries NV (NYSE:LYB) on weakness during trading on Tuesday. $45.07 million flowed into the stock on the tick-up and $26.42 million flowed out of the stock on the tick-down, for a money net flow of $18.65 million into the stock. Of all stocks tracked, LyondellBasell Industries had the 31st highest net in-flow for the day. LyondellBasell Industries traded down ($0.05) for the day and closed at $92.17

A number of brokerages have issued reports on LYB. Zacks Investment Research upgraded LyondellBasell Industries from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. Alembic Global Advisors set a $120.00 price objective on LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday, February 2nd. Dougherty & Co downgraded LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. Deutsche Bank upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $94.00 to $95.00 in a research note on Monday, December 17th. Finally, Goldman Sachs Group upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $104.00 to $125.00 in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. LyondellBasell Industries currently has an average rating of “Buy” and an average price target of $116.94.

The company has a quick ratio of 1.10, a current ratio of 1.92 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $34.15 billion, a price-to-earnings ratio of 8.18, a price-to-earnings-growth ratio of 0.95 and a beta of 1.10.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 1st. The specialty chemicals company reported $1.83 earnings per share for the quarter, missing the consensus estimate of $2.13 by ($0.30). The firm had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $9.22 billion. LyondellBasell Industries had a return on equity of 42.30% and a net margin of 12.02%. On average, equities analysts expect that LyondellBasell Industries NV will post 10.24 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the company. First Command Financial Services Inc. grew its stake in shares of LyondellBasell Industries by 64.4% during the 1st quarter. First Command Financial Services Inc. now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 125 shares during the period. Advisors Preferred LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter worth $31,000. Berman Capital Advisors LLC bought a new position in shares of LyondellBasell Industries during the 4th quarter worth $31,000. Phocas Financial Corp. bought a new position in shares of LyondellBasell Industries during the 4th quarter worth $33,000. Finally, Truvestments Capital LLC bought a new position in shares of LyondellBasell Industries during the 1st quarter worth $33,000. Institutional investors own 72.50% of the company’s stock.

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LyondellBasell Industries Company Profile (NYSE:LYB)

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.

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