LyondellBasell Industries (NYSE:LYB) Upgraded by Alembic Global Advisors to Hold Rating

Key Points

• LyondellBasell Industries has been upgraded to a "hold" rating by Alembic Global Advisors amidst a broader trend of downgrades by various equity analysts, who have lowered their price targets for the stock.
• The company's most recent quarterly earnings showed a significant miss, with $0.62 EPS reported compared to a consensus estimate of $0.87, along with an 11.8% decline in revenue year-over-year.
• Insider trading activity indicates that CEO Peter Z. E. Vanacker sold 20,000 shares, reducing his stake in LyondellBasell Industries by 11.09%.

LyondellBasell Industries (NYSE:LYB - Get Free Report) was upgraded by investment analysts at Alembic Global Advisors to a "hold" rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a "hold" rating on the stock in a report on Wednesday, October 1st. Mizuho decreased their price target on LyondellBasell Industries from $62.00 to $54.00 and set a "neutral" rating for the company in a research note on Friday, October 3rd. Evercore ISI reduced their price target on shares of LyondellBasell Industries from $90.00 to $65.00 and set an "in-line" rating on the stock in a research note on Tuesday, September 23rd. JPMorgan Chase & Co. lowered their price objective on shares of LyondellBasell Industries from $60.00 to $52.00 and set a "neutral" rating for the company in a research report on Monday, August 4th. Finally, Bank of America dropped their price objective on LyondellBasell Industries from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $58.56.

LyondellBasell Industries Stock Up 0.6%

Shares of NYSE:LYB opened at $45.47 on Monday. The company has a market cap of $14.62 billion, a price-to-earnings ratio of 58.81 and a beta of 0.87. LyondellBasell Industries has a 12 month low of $44.89 and a 12 month high of $89.50. The company has a current ratio of 1.77, a quick ratio of 1.04 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $51.79 and a 200 day moving average price of $56.07.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.25). LyondellBasell Industries had a net margin of 0.74% and a return on equity of 9.35%. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.58 billion. During the same period in the previous year, the business earned $2.24 earnings per share. LyondellBasell Industries's revenue for the quarter was down 11.8% on a year-over-year basis. As a group, equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity

In other news, CEO Peter Z. E. Vanacker sold 20,000 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $53.57, for a total transaction of $1,071,400.00. Following the completion of the sale, the chief executive officer owned 160,351 shares in the company, valued at approximately $8,590,003.07. This represents a 11.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company's stock.

Institutional Trading of LyondellBasell Industries

Several large investors have recently bought and sold shares of LYB. Rossby Financial LCC purchased a new position in shares of LyondellBasell Industries in the first quarter worth $25,000. MTM Investment Management LLC acquired a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $26,000. Parvin Asset Management LLC purchased a new position in LyondellBasell Industries in the 2nd quarter worth $26,000. Capital A Wealth Management LLC lifted its holdings in shares of LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company's stock worth $26,000 after purchasing an additional 442 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in shares of LyondellBasell Industries by 352.3% during the first quarter. JFS Wealth Advisors LLC now owns 398 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other 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.

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