LyondellBasell Industries (NYSE:LYB) Price Target Lowered to $67.00 at Piper Sandler

LyondellBasell Industries (NYSE:LYB) had its target price decreased by equities researchers at Piper Sandler from $84.00 to $67.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Piper Sandler’s price objective indicates a potential upside of 18.12% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Barclays lowered their target price on LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 1st. The Goldman Sachs Group lowered 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. Citigroup cut their target price on shares of LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating on the stock in a research report on Friday. UBS Group reaffirmed a “sell” rating and set a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a research note on Monday. Finally, Wells Fargo & Company dropped their price target on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $78.83.

LyondellBasell Industries Stock Performance

Shares of LyondellBasell Industries stock traded down $1.26 during trading on Monday, reaching $56.72. The company’s stock had a trading volume of 691,397 shares, compared to its average volume of 2,277,642. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The business’s 50-day moving average price is $74.48 and its 200-day moving average price is $80.14. LyondellBasell Industries has a 52 week low of $54.48 and a 52 week high of $107.02. The firm has a market cap of $18.35 billion, a PE ratio of 13.45, a P/E/G ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share 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 in the prior year, the firm earned $1.26 EPS. Equities analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Transactions at LyondellBasell Industries

In other news, Director Michael Sean Hanley bought 3,750 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the transaction, the director now owns 16,028 shares of the company’s stock, valued at $1,154,817.40. This trade represents a 30.54 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Several large investors have recently modified their holdings of the company. Versant Capital Management Inc boosted its position in LyondellBasell Industries by 127.9% during the first quarter. Versant Capital Management Inc now owns 866 shares of the specialty chemicals company’s stock valued at $61,000 after acquiring an additional 486 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in shares of LyondellBasell Industries by 110.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,171 shares of the specialty chemicals company’s stock valued at $82,000 after purchasing an additional 614 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of LyondellBasell Industries by 603.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 216,142 shares of the specialty chemicals company’s stock valued at $16,053,000 after purchasing an additional 185,418 shares in the last quarter. Anchor Pointe Wealth Management LLC bought a new stake in LyondellBasell Industries in the fourth quarter worth approximately $209,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in LyondellBasell Industries in the fourth quarter valued at approximately $13,697,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.