Investors sold shares of LyondellBasell Industries NV (NYSE:LYB) on strength during trading on Friday. $56.18 million flowed into the stock on the tick-up and $81.49 million flowed out of the stock on the tick-down, for a money net flow of $25.31 million out of the stock. Of all equities tracked, LyondellBasell Industries had the 0th highest net out-flow for the day. LyondellBasell Industries traded up $0.03 for the day and closed at $89.23

A number of analysts recently commented on the company. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. BMO Capital Markets lifted their price objective on LyondellBasell Industries from $111.00 to $112.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 7th. Citigroup reiterated a “buy” rating and set a $122.00 price objective on shares of LyondellBasell Industries in a research report on Tuesday, July 10th. Cowen lifted their price objective on LyondellBasell Industries from $110.00 to $113.00 and gave the stock a “market perform” rating in a research report on Friday, August 10th. Finally, BNP Paribas assumed coverage on LyondellBasell Industries in a research report on Tuesday, October 2nd. They set an “outperform” rating and a $129.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $117.46.

The company has a debt-to-equity ratio of 0.71, a current ratio of 2.27 and a quick ratio of 1.51. The firm has a market cap of $34.74 billion, a P/E ratio of 8.72, a PEG ratio of 0.80 and a beta of 1.14.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a return on equity of 53.77% and a net margin of 15.51%. The business had revenue of $10.21 billion during the quarter, compared to analysts’ expectations of $9.11 billion. On average, analysts forecast that LyondellBasell Industries NV will post 11.71 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Scopus Asset Management L.P. purchased a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $10,985,000. Northwest Bancshares Inc. lifted its position in LyondellBasell Industries by 125.7% during the 2nd quarter. Northwest Bancshares Inc. now owns 10,424 shares of the specialty chemicals company’s stock worth $1,145,000 after acquiring an additional 5,806 shares in the last quarter. Bridgewater Associates LP lifted its position in LyondellBasell Industries by 1.9% during the 2nd quarter. Bridgewater Associates LP now owns 98,512 shares of the specialty chemicals company’s stock worth $10,822,000 after acquiring an additional 1,866 shares in the last quarter. Green Square Capital LLC lifted its position in LyondellBasell Industries by 133.2% during the 2nd quarter. Green Square Capital LLC now owns 13,024 shares of the specialty chemicals company’s stock worth $1,431,000 after acquiring an additional 7,440 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in LyondellBasell Industries by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock worth $475,825,000 after acquiring an additional 64,786 shares in the last quarter. Institutional investors and hedge funds own 72.69% of the company’s stock.

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.

See Also: Does the discount rate affect the economy?

Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.