Investors Sell LyondellBasell Industries (LYB) on Strength (LYB)
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.
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.
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