LyondellBasell Industries (NYSE:LYB) Hits New 1-Year Low – Here’s What Happened

LyondellBasell Industries (NYSE:LYB) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $82.07 and last traded at $82.07, with a volume of 431599 shares traded. The stock had previously closed at $83.20.

Analyst Ratings Changes

A number of analysts recently issued reports on LYB shares. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $110.00 to $105.00 and set an “overweight” rating for the company in a research report on Tuesday, November 5th. Evercore ISI upgraded LyondellBasell Industries to a “hold” rating in a research report on Monday, August 5th. StockNews.com upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Thursday, November 14th. Mizuho decreased their target price on LyondellBasell Industries from $101.00 to $97.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Finally, Royal Bank of Canada decreased their target price on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $101.70.

LyondellBasell Industries Trading Up 0.3 %

The company has a 50 day moving average of $90.44 and a 200-day moving average of $94.55. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13. The stock has a market cap of $26.79 billion, a price-to-earnings ratio of 12.55, a price-to-earnings-growth ratio of 2.30 and a beta of 1.08.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.98 by ($0.10). The firm had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. LyondellBasell Industries’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 EPS. On average, research analysts anticipate that LyondellBasell Industries will post 7.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rockland Trust Co. grew its holdings in LyondellBasell Industries by 0.9% in the 3rd quarter. Rockland Trust Co. now owns 13,070 shares of the specialty chemicals company’s stock worth $1,253,000 after buying an additional 112 shares in the last quarter. Petredis Investment Advisors LLC boosted its stake in LyondellBasell Industries by 0.5% during the 3rd quarter. Petredis Investment Advisors LLC now owns 23,100 shares of the specialty chemicals company’s stock valued at $2,215,000 after purchasing an additional 116 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in LyondellBasell Industries by 0.9% during the 2nd quarter. Verdence Capital Advisors LLC now owns 13,905 shares of the specialty chemicals company’s stock valued at $1,330,000 after purchasing an additional 120 shares in the last quarter. RDA Financial Network boosted its stake in LyondellBasell Industries by 3.9% during the 2nd quarter. RDA Financial Network now owns 3,274 shares of the specialty chemicals company’s stock valued at $313,000 after purchasing an additional 122 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in LyondellBasell Industries by 25.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 601 shares of the specialty chemicals company’s stock valued at $58,000 after purchasing an additional 122 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

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.