LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $61.00 at Royal Bank of Canada

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target cut by Royal Bank of Canada from $62.00 to $61.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "sector perform" rating on the specialty chemicals company's stock. Royal Bank of Canada's price target would suggest a potential upside of 4.92% from the company's current price.

A number of other research firms also recently weighed in on LYB. Morgan Stanley lowered their target price on LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. The Goldman Sachs Group reduced their price objective on LyondellBasell Industries from $81.00 to $65.00 and set a "sell" rating for the company in a research note on Monday. Barclays cut their price target on LyondellBasell Industries from $80.00 to $72.00 and set an "equal weight" rating for the company in a report on Tuesday, April 1st. StockNews.com cut LyondellBasell Industries from a "hold" rating to a "sell" rating in a research report on Monday. Finally, UBS Group reaffirmed a "sell" rating and set a $51.00 price target (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries has an average rating of "Hold" and an average price target of $69.75.

LyondellBasell Industries Stock Down 0.3 %

Shares of LYB stock traded down $0.17 during mid-day trading on Tuesday, hitting $58.14. The company's stock had a trading volume of 605,750 shares, compared to its average volume of 2,521,571. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83. LyondellBasell Industries has a 52-week low of $51.11 and a 52-week high of $107.02. The business has a 50-day moving average price of $66.18 and a 200 day moving average price of $74.97.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued its earnings results on Friday, April 25th. The specialty chemicals company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.03). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. The business had revenue of $7.68 billion during the quarter, compared to analysts' expectations of $7.69 billion. During the same period last year, the firm posted $1.53 EPS. LyondellBasell Industries's quarterly revenue was down 7.6% compared to the same quarter last year. Research analysts predict that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares of the company's stock, valued at approximately $1,154,817.40. This represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.14% of the company's stock.

Institutional Trading of LyondellBasell Industries

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company's stock valued at $501,501,000 after purchasing an additional 187,150 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company's stock worth $964,000 after buying an additional 8,691 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company's stock worth $20,174,000 after buying an additional 20,310 shares during the last quarter. Merrion Investment Management Co LLC purchased a new stake in shares of LyondellBasell Industries during the 4th quarter valued at about $503,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in LyondellBasell Industries by 26.4% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company's stock worth $1,409,000 after acquiring an additional 3,958 shares in the last quarter. Institutional investors own 71.20% of the company's stock.

About LyondellBasell Industries

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.