The stock of LyondellBasell Industries NV (NYSE:LYB) is a huge mover today! About 4.33 million shares traded hands or 44.82% up from the average. LyondellBasell Industries NV (NYSE:LYB) has declined 6.10% since April 27, 2016 and is downtrending. It has underperformed by 11.33% the S&P500.
The move comes after 7 months positive chart setup for the $35.84 billion company. It was reported on Nov, 30 by Barchart.com. We have $92.60 PT which if reached, will make NYSE:LYB worth $1.08B more.
Analysts await LyondellBasell Industries NV (NYSE:LYB) to report earnings on February, 3 before the open. They expect $2.36 earnings per share, up 7.27% or $0.16 from last year’s $2.2 per share. LYB’s profit will be $940.85 million for 9.52 P/E if the $2.36 EPS becomes a reality. After $2.31 actual earnings per share reported by LyondellBasell Industries NV for the previous quarter, Wall Street now forecasts 2.16% EPS growth.
LyondellBasell Industries NV (NYSE:LYB) Ratings Coverage
Out of 15 analysts covering LyondellBasell (NYSE:LYB), 5 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 33% are positive. LyondellBasell has been the topic of 29 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm earned “Positive” rating on Friday, August 26 by Susquehanna. The company was downgraded on Monday, June 27 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, June 23 by JP Morgan. The stock of LyondellBasell Industries NV (NYSE:LYB) earned “Buy” rating by S&P Research on Tuesday, October 27. As per Monday, April 25, the company rating was maintained by Citigroup. The rating was downgraded by Macquarie Research to “Neutral” on Monday, October 12. As per Friday, September 11, the company rating was initiated by Bernstein. The stock of LyondellBasell Industries NV (NYSE:LYB) earned “Underweight” rating by Atlantic Securities on Tuesday, April 5. Citigroup maintained LyondellBasell Industries NV (NYSE:LYB) on Monday, April 18 with “Neutral” rating. The stock of LyondellBasell Industries NV (NYSE:LYB) earned “Neutral” rating by Nomura on Wednesday, April 27.
According to Zacks Investment Research, “LyondellBasell Industries AF S.C.A is a manufactures chemicals and derivatives. It also operates as a refiner of heavy high-sulfur crude oil produce and is engaged in the marketing and selling of polyolefins, polypropylene and polyethylene resins. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. The Company’s product range includes ethylene, propylene, polyethylene, polypropylene, polyolefins, resins, PP compounds, Polybutene, propylene Oxide and etc. It also produces refined petroleum products and gasoline blending components, including biofuels. LyondellBasell Industries AF S.C.A is headquartered in Rotterdam, the Netherlands.”
Insitutional Activity: The institutional sentiment increased to 0.98 in Q2 2016. Its up 0.03, from 0.95 in 2016Q1. The ratio increased, as 82 funds sold all LyondellBasell Industries NV shares owned while 245 reduced positions. 72 funds bought stakes while 240 increased positions. They now own 282.19 million shares or 5.03% less from 297.14 million shares in 2016Q1.
American Century Companies Incorporated has 1.06M shares for 0.09% of their US portfolio. Moreover, Bowling Portfolio Management Limited Liability has 1.17% invested in LyondellBasell Industries NV (NYSE:LYB) for 96,441 shares. Highbridge Cap Limited Liability Corporation accumulated 5,436 shares or 0.01% of the stock. Lsv Asset Mngmt last reported 2.31 million shares in the company. Moreover, Loring Wolcott & Coolidge Fiduciary Llp Ma has 0% invested in LyondellBasell Industries NV (NYSE:LYB) for 200 shares. Synovus Corporation has invested 0.01% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). Automobile Association has invested 0.14% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). Bnp Paribas Inv Prtnrs Sa reported 688,472 shares or 0.43% of all its holdings. Impala Asset Mngmt Lc last reported 34,200 shares in the company. Norinchukin Natl Bank The, a Japan-based fund reported 35,287 shares. Capital City Fl holds 0.34% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 11,344 shares. Gratry & Ltd Liability Co last reported 2.57% of its portfolio in the stock. Burney last reported 19,309 shares in the company. Ubs Asset Management Americas, a Illinois-based fund reported 2.19 million shares. Archford Strategies Limited Liability Company has invested 0.03% of its portfolio in LyondellBasell Industries NV (NYSE:LYB).
Insider Transactions: Since August 30, 2016, the stock had 0 insider buys, and 1 sale for $300,020 net activity. Bindra Jagjeet S. sold $300,020 worth of LyondellBasell Industries NV (NYSE:LYB) on Tuesday, August 30.
More recent LyondellBasell Industries NV (NYSE:LYB) news were published by: Nasdaq.com which released: “LyondellBasell Industries (LYB) Shares Cross 4% Yield Mark” on November 29, 2016. Also Forbes.com published the news titled: “Ex-Div Reminder for LyondellBasell Industries (LYB)” on November 23, 2016. Seekingalpha.com‘s news article titled: “LyondellBasell Industries NV (LYB) Q3 2016 Results – Earnings Call Transcript” with publication date: November 01, 2016 was also an interesting one.
LYB Company Profile
LyondellBasell Industries N.V., incorporated on October 15, 2009, is a global chemical company. The Firm is a producer of olefins, including ethylene and propylene, and polyethylene (PE). The Firm operates through five divisions, which include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. The Firm produces polypropylene (PP) and PP compounds. The Company’s chemicals businesses consist primarily of processing plants that convert liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. The Company’s clients use its plastics and chemicals to manufacture a range of products, including food packaging, home furnishings, automotive components, paints and coatings. The Company’s refining business consists of its Houston refinery, which processes crude oil into products, such as gasoline, diesel and jet fuel.
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