UBS Group Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price objective decreased by UBS Group from $50.00 to $49.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "sell" rating on the specialty chemicals company's stock. UBS Group's target price suggests a potential downside of 23.40% from the stock's current price.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $60.00 price target (down from $80.00) on shares of LyondellBasell Industries in a research note on Friday, April 4th. Bank Of America (Bofa) reduced their price target on shares of LyondellBasell Industries from $56.00 to $55.00 in a research report on Monday, June 30th. Barclays reduced their price target on shares of LyondellBasell Industries from $72.00 to $62.00 and set an "equal weight" rating on the stock in a research report on Thursday, May 1st. Piper Sandler reduced their price target on shares of LyondellBasell Industries from $67.00 to $66.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Finally, BMO Capital Markets reduced their price target on shares of LyondellBasell Industries from $65.00 to $60.00 in a research report on Friday, June 27th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, LyondellBasell Industries currently has an average rating of "Hold" and an average price target of $68.15.

LyondellBasell Industries Trading Down 2.1%

Shares of NYSE:LYB traded down $1.35 during midday trading on Wednesday, hitting $63.97. The company had a trading volume of 704,158 shares, compared to its average volume of 2,957,580. LyondellBasell Industries has a 12 month low of $51.11 and a 12 month high of $100.46. The company has a current ratio of 1.83, a quick ratio of 1.04 and a debt-to-equity ratio of 0.87. The stock has a market cap of $20.56 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.77 and a beta of 0.82. The firm has a fifty day simple moving average of $58.73 and a 200 day simple moving average of $66.63.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.03). The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.69 billion. LyondellBasell Industries had a return on equity of 13.19% and a net margin of 2.81%. The firm's revenue for the quarter was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.53 earnings per share. On average, analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

Several institutional investors have recently bought and sold shares of LYB. Bank Pictet & Cie Europe AG lifted its stake in LyondellBasell Industries by 26.9% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 188,680 shares of the specialty chemicals company's stock valued at $14,013,000 after acquiring an additional 39,957 shares in the last quarter. Jones Financial Companies Lllp grew its position in LyondellBasell Industries by 154.5% in the fourth quarter. Jones Financial Companies Lllp now owns 2,777 shares of the specialty chemicals company's stock valued at $206,000 after purchasing an additional 1,686 shares in the last quarter. Proficio Capital Partners LLC bought a new position in LyondellBasell Industries in the fourth quarter valued at $3,760,000. Callan Family Office LLC bought a new position in LyondellBasell Industries in the fourth quarter valued at $246,000. Finally, Ashton Thomas Private Wealth LLC grew its position in LyondellBasell Industries by 7.5% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,608 shares of the specialty chemicals company's stock valued at $342,000 after purchasing an additional 321 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

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.