Piper Sandler Issues Pessimistic Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price objective lowered by equities research analysts at Piper Sandler from $95.00 to $84.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. Piper Sandler’s price target points to a potential upside of 9.46% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Royal Bank of Canada raised their price objective on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating for the company in a research report on Thursday, December 12th. Finally, UBS Group cut their price objective on shares of LyondellBasell Industries from $77.00 to $76.00 and set a “neutral” rating for the company in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $88.25.

LyondellBasell Industries Trading Up 0.7 %

Shares of NYSE:LYB opened at $76.74 on Thursday. LyondellBasell Industries has a 52-week low of $72.21 and a 52-week high of $107.02. The company has a market capitalization of $24.92 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 0.92 and a beta of 1.05. The company has a 50-day simple moving average of $75.59 and a 200 day simple moving average of $86.00. 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 (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same quarter last year, the company earned $1.26 earnings per share. Sell-side analysts forecast that LyondellBasell Industries will post 6.68 earnings per share for the current year.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. The trade was a 37.95 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LYB. CWM LLC increased its stake in LyondellBasell Industries by 14.0% in the third quarter. CWM LLC now owns 8,360 shares of the specialty chemicals company’s stock valued at $802,000 after acquiring an additional 1,025 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of LyondellBasell Industries by 57.1% during the third quarter. Ritholtz Wealth Management now owns 4,002 shares of the specialty chemicals company’s stock worth $384,000 after buying an additional 1,454 shares during the last quarter. Inspire Investing LLC grew its stake in shares of LyondellBasell Industries by 7.8% during the third quarter. Inspire Investing LLC now owns 4,024 shares of the specialty chemicals company’s stock worth $386,000 after buying an additional 290 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of LyondellBasell Industries by 1,171.9% during the third quarter. Exchange Traded Concepts LLC now owns 1,132 shares of the specialty chemicals company’s stock worth $109,000 after buying an additional 1,043 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of LyondellBasell Industries during the third quarter worth $201,000. 71.20% of the stock is owned by institutional investors.

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.