Traders Buy LyondellBasell Industries (LYB) on Weakness

Investors bought shares of LyondellBasell Industries NV (NYSE:LYB) on weakness during trading hours on Monday. $75.84 million flowed into the stock on the tick-up and $36.72 million flowed out of the stock on the tick-down, for a money net flow of $39.12 million into the stock. Of all stocks tracked, LyondellBasell Industries had the 26th highest net in-flow for the day. LyondellBasell Industries traded down ($0.67) for the day and closed at $83.91

Several analysts recently weighed in on LYB shares. Jefferies Financial Group reiterated a “buy” rating on shares of LyondellBasell Industries in a research report on Thursday, November 15th. Royal Bank of Canada upgraded shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and set a $130.00 price objective on the stock in a research report on Tuesday, November 20th. They noted that the move was a valuation call. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the company a “buy” rating in a research report on Monday, November 12th. ValuEngine downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Finally, Zacks Investment Research upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. LyondellBasell Industries has a consensus rating of “Buy” and a consensus target price of $117.12.

The stock has a market capitalization of $32.54 billion, a P/E ratio of 7.45, a PEG ratio of 0.87 and a beta of 1.38. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.10 and a current ratio of 1.92.

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the stock in a transaction dated Thursday, December 6th. The shares were bought at an average price of $88.63 per share, with a total value of $443,150.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Ai Investments Holdings Llc acquired 2,186,973 shares of the stock in a transaction dated Tuesday, November 13th. The stock was acquired at an average cost of $95.60 per share, for a total transaction of $209,074,618.80. The disclosure for this purchase can be found here. 0.09% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently made changes to their positions in LYB. Commonwealth Equity Services LLC increased its position in shares of LyondellBasell Industries by 5.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 49,896 shares of the specialty chemicals company’s stock worth $4,149,000 after acquiring an additional 2,572 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of LyondellBasell Industries in the fourth quarter worth approximately $823,000. Bank of Nova Scotia increased its position in shares of LyondellBasell Industries by 19.1% in the fourth quarter. Bank of Nova Scotia now owns 97,259 shares of the specialty chemicals company’s stock worth $8,088,000 after acquiring an additional 15,613 shares in the last quarter. Raymond James & Associates increased its position in shares of LyondellBasell Industries by 39.4% in the fourth quarter. Raymond James & Associates now owns 522,577 shares of the specialty chemicals company’s stock worth $43,457,000 after acquiring an additional 147,633 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its position in shares of LyondellBasell Industries by 591.7% in the fourth quarter. Los Angeles Capital Management & Equity Research Inc. now owns 280,245 shares of the specialty chemicals company’s stock worth $23,305,000 after acquiring an additional 239,729 shares in the last quarter. 76.29% of the stock is currently owned by institutional investors.

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About LyondellBasell Industries (NYSE:LYB)

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.

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