LyondellBasell Industries (NYSE:LYB) Downgraded by Wall Street Zen to Buy

Key Points

• Wall Street Zen downgraded LyondellBasell Industries from “strong buy” to “buy.” Across analysts, the stock has an average rating of “hold” and a consensus price target of $72.56.
• LYB shares opened at $63.62, with a market capitalization of approximately $20.55 billion and a 12-month trading range of $41.58 to $83.94.
• The company reported quarterly earnings of $4.30 per share, beating estimates of $3.44, while revenue reached $9.18 billion and rose 19.8% year over year. Institutional investors own approximately 71.2% of the stock.

LyondellBasell Industries (NYSE:LYB - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

LYB has been the subject of a number of other research reports. Mizuho increased their price objective on shares of LyondellBasell Industries from $62.00 to $66.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised LyondellBasell Industries from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $75.00 to $80.00 in a research report on Monday, August 3rd. UBS Group increased their target price on LyondellBasell Industries from $56.00 to $64.00 and gave the company a "neutral" rating in a report on Tuesday, August 4th. Evercore raised their price objective on shares of LyondellBasell Industries from $70.00 to $73.00 in a report on Thursday, May 14th. Finally, BMO Capital Markets lifted their target price on LyondellBasell Industries from $64.00 to $68.00 and gave the stock a "market perform" rating in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $72.56.

LyondellBasell Industries Trading Down 1.8%

Shares of LYB opened at $63.62 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $20.55 billion, a P/E ratio of -56.30, a P/E/G ratio of 0.18 and a beta of 0.31. The firm has a 50-day moving average price of $60.62 and a 200 day moving average price of $65.71. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $83.94.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating the consensus estimate of $3.44 by $0.86. The business had revenue of $9.18 billion during the quarter, compared to analysts' expectations of $9.21 billion. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The business's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.62 EPS. Sell-side analysts forecast that LyondellBasell Industries will post 9.2 EPS for the current year.

Institutional Trading of LyondellBasell Industries

Institutional investors have recently bought and sold shares of the company. Oxbow Advisors LLC purchased a new position in LyondellBasell Industries in the 4th quarter valued at about $4,616,000. Swedbank AB boosted its holdings in shares of LyondellBasell Industries by 16.0% in the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company's stock valued at $10,510,000 after purchasing an additional 33,399 shares during the last quarter. Tejara Capital Ltd purchased a new stake in LyondellBasell Industries during the fourth quarter valued at about $1,425,000. Marco Investment Management LLC increased its position in LyondellBasell Industries by 10.9% during the 2nd quarter. Marco Investment Management LLC now owns 190,709 shares of the specialty chemicals company's stock worth $10,041,000 after purchasing an additional 18,700 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company's stock valued at $426,242,000 after acquiring an additional 36,187 shares during the period. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. NYSE: LYB is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company's integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.

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