LyondellBasell Industries (NYSE:LYB) Price Target Cut to $66.00 by Analysts at Citigroup

LyondellBasell Industries (NYSE:LYB) had its price objective reduced by analysts at Citigroup from $75.00 to $66.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s price objective indicates a potential upside of 12.53% from the stock’s current price.

LYB has been the topic of several other reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $60.00 target price (down from $80.00) on shares of LyondellBasell Industries in a report on Friday. Wells Fargo & Company reduced their price target on LyondellBasell Industries from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Royal Bank of Canada increased their price objective on LyondellBasell Industries from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 4th. Finally, Barclays decreased their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $82.75.

LyondellBasell Industries Trading Down 7.1 %

LyondellBasell Industries stock traded down $4.46 during trading hours on Friday, reaching $58.65. 1,225,562 shares of the company’s stock traded hands, compared to its average volume of 2,924,789. The firm’s 50 day moving average is $74.87 and its 200-day moving average is $80.59. 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 fifty-two week low of $58.87 and a fifty-two week high of $107.02. The firm has a market capitalization of $18.97 billion, a price-to-earnings ratio of 14.17, a PEG ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last posted 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 return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the business earned $1.26 EPS. On average, analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, Director Michael Sean Hanley bought 3,750 shares of LyondellBasell Industries stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $72.05 per share, with a total value of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares in the company, valued at $1,154,817.40. The trade was a 30.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently bought and sold shares of LYB. Vident Advisory LLC increased its holdings in shares of LyondellBasell Industries by 0.8% during the fourth quarter. Vident Advisory LLC now owns 16,123 shares of the specialty chemicals company’s stock worth $1,197,000 after purchasing an additional 131 shares during the period. Webster Bank N. A. increased its stake in LyondellBasell Industries by 70.4% during the 4th quarter. Webster Bank N. A. now owns 346 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 143 shares during the period. Cairn Investment Group Inc. raised its holdings in LyondellBasell Industries by 0.4% in the 4th quarter. Cairn Investment Group Inc. now owns 42,147 shares of the specialty chemicals company’s stock valued at $3,130,000 after acquiring an additional 155 shares in the last quarter. Alliance Wealth Advisors LLC UT lifted its position in shares of LyondellBasell Industries by 5.2% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 3,608 shares of the specialty chemicals company’s stock valued at $268,000 after acquiring an additional 177 shares during the period. Finally, Y.D. More Investments Ltd grew its holdings in shares of LyondellBasell Industries by 14.9% during the 4th quarter. Y.D. More Investments Ltd now owns 1,497 shares of the specialty chemicals company’s stock worth $111,000 after purchasing an additional 194 shares in the last quarter. Institutional investors and hedge funds 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.