LyondellBasell Industries NV (NYSE:LYB) – Analysts at Jefferies Group cut their Q4 2017 earnings estimates for LyondellBasell Industries NV in a note issued to investors on Monday. Jefferies Group analyst L. Alexander now expects that the specialty chemicals company will post earnings of $2.30 per share for the quarter, down from their previous forecast of $2.47. Jefferies Group currently has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for LyondellBasell Industries NV’s FY2021 earnings at $10.00 EPS.
LYB has been the topic of a number of other reports. Cowen and Company restated a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries NV in a research report on Wednesday, October 4th. BidaskClub cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $94.00 price objective (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, HSBC Holdings plc downgraded shares of LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a research report on Tuesday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. LyondellBasell Industries NV presently has a consensus rating of “Hold” and an average price target of $99.56.
Shares of LyondellBasell Industries NV (LYB) opened at $105.58 on Thursday. The stock has a market cap of $40.84 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.15 and a beta of 1.08. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC acquired a new stake in LyondellBasell Industries NV during the 1st quarter valued at $107,000. Point72 Asia Hong Kong Ltd acquired a new stake in shares of LyondellBasell Industries NV during the first quarter worth $132,000. American Beacon Advisors Inc. acquired a new stake in shares of LyondellBasell Industries NV during the first quarter worth $161,000. Seven Bridges Advisors LLC lifted its holdings in shares of LyondellBasell Industries NV by 32.8% during the second quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 478 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC increased its position in shares of LyondellBasell Industries NV by 4.9% in the second quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after purchasing an additional 100 shares during the period. 74.05% of the stock is owned by institutional investors.
In other news, Director Jagjeet S. Bindra sold 1,574 shares of the stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.
About LyondellBasell Industries NV
LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.
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