Royal Bank of Canada Raises LyondellBasell Industries (NYSE:LYB) Price Target to $113.00

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its target price upped by analysts at Royal Bank of Canada from $107.00 to $113.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank of Canada's target price indicates a potential upside of 11.11% from the company's current price.

Other equities analysts also recently issued reports about the stock. Vertical Research upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Wednesday, January 3rd. Wells Fargo & Company increased their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the company an "overweight" rating in a research note on Tuesday, April 2nd. Wolfe Research assumed coverage on LyondellBasell Industries in a research note on Friday, March 1st. They set an "underperform" rating on the stock. Mizuho increased their price objective on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the company a "neutral" rating in a research report on Monday. Finally, Barclays lifted their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $104.67.

LyondellBasell Industries Trading Down 0.4 %

LYB traded down $0.43 on Monday, reaching $101.70. 1,852,953 shares of the company traded hands, compared to its average volume of 1,926,070. The company has a market cap of $33.10 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a one year low of $84.80 and a one year high of $106.69. The firm has a fifty day simple moving average of $100.95 and a two-hundred day simple moving average of $96.58.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, April 26th. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.17. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the company posted $2.50 earnings per share. The company's quarterly revenue was down 3.1% compared to the same quarter last year. As a group, equities research analysts expect that LyondellBasell Industries will post 8.69 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the business's stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the transaction, the chief accounting officer now owns 27,575 shares of the company's stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the completion of the transaction, the chief financial officer now owns 88,858 shares of the company's stock, valued at $8,960,440.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $100.47, for a total transaction of $711,729.48. Following the sale, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,853 shares of company stock valued at $8,077,267. Company insiders own 0.11% of the company's stock.

Hedge Funds Weigh In On LyondellBasell Industries

A number of large investors have recently bought and sold shares of the business. Ballentine Partners LLC acquired a new position in shares of LyondellBasell Industries during the 3rd quarter worth approximately $228,000. Valeo Financial Advisors LLC raised its position in LyondellBasell Industries by 6.8% during the third quarter. Valeo Financial Advisors LLC now owns 5,701 shares of the specialty chemicals company's stock worth $540,000 after acquiring an additional 365 shares during the period. Busey Trust CO lifted its holdings in LyondellBasell Industries by 1.8% during the third quarter. Busey Trust CO now owns 81,685 shares of the specialty chemicals company's stock valued at $7,736,000 after purchasing an additional 1,425 shares in the last quarter. Accurate Wealth Management LLC grew its position in shares of LyondellBasell Industries by 6.7% in the third quarter. Accurate Wealth Management LLC now owns 6,138 shares of the specialty chemicals company's stock valued at $582,000 after purchasing an additional 384 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of LyondellBasell Industries by 3.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 36,393 shares of the specialty chemicals company's stock worth $3,446,000 after purchasing an additional 1,095 shares in the last quarter. Institutional investors and hedge funds 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.