The stock of LyondellBasell Industries NV (NYSE:LYB) is a huge mover today! About 1.62M shares traded hands. LyondellBasell Industries NV (NYSE:LYB) has risen 1.79% since March 3, 2016 and is uptrending. It has underperformed by 6.55% the S&P500.
The move comes after 6 months positive chart setup for the $35.08 billion company. It was reported on Oct, 6 by Barchart.com. We have $105.19 PT which if reached, will make NYSE:LYB worth $9.47B more.
Analysts await LyondellBasell Industries NV (NYSE:LYB) to report earnings on October, 28. They expect $2.27 EPS, down 18.93% or $0.53 from last year’s $2.8 per share. LYB’s profit will be $961.39M for 9.12 P/E if the $2.27 EPS becomes a reality. After $2.45 actual EPS reported by LyondellBasell Industries NV for the previous quarter, Wall Street now forecasts -7.35% negative EPS growth.
LyondellBasell Industries NV (NYSE:LYB) Ratings Coverage
Out of 14 analysts covering LyondellBasell (NYSE:LYB), 4 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 29% are positive. LyondellBasell has been the topic of 28 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Thursday, June 23 by JP Morgan. The stock of LyondellBasell Industries NV (NYSE:LYB) has “Positive” rating given on Friday, August 26 by Susquehanna. The firm has “Neutral” rating given on Monday, April 18 by Citigroup. Credit Agricole downgraded the shares of LYB in a report on Monday, January 11 to “Underperform” rating. Cowen & Co maintained LyondellBasell Industries NV (NYSE:LYB) rating on Tuesday, September 1. Cowen & Co has “Outperform” rating and $98.0 price target. The stock has “Neutral” rating given by Nomura on Monday, July 11. The firm earned “Hold” rating on Tuesday, September 13 by Deutsche Bank. On Wednesday, February 3 the stock rating was downgraded by RBC Capital Markets to “Outperform”. The firm has “Buy” rating by S&P Research given on Tuesday, October 27. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 2 report.
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 0.95 in 2016 Q2. Its up 0.01, from 0.94 in 2016Q1. The ratio improved, 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.
Winton Grp Limited holds 0.94% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 761,279 shares. First Citizens Fincl Bank And Tru holds 0.96% or 143,440 shares in its portfolio. The New York-based Cohen And Steers Incorporated has invested 0.02% in LyondellBasell Industries NV (NYSE:LYB). Blackrock Japan Ltd has 628,875 shares for 0.17% of their US portfolio. Cap One National Association holds 95,750 shares or 0.58% of its portfolio. Cornercap Invest Counsel has 0.63% invested in the company for 44,190 shares. Arrowgrass Capital Prtnrs (Us) Lp has 69,263 shares for 0.05% of their US portfolio. Dreman Value Management L L C holds 22,564 shares or 1.04% of its portfolio. Moreover, Ahl Partners Limited Liability Partnership has 0.16% invested in LyondellBasell Industries NV (NYSE:LYB) for 40,541 shares. Blackrock Fund Advsr has invested 0.07% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). Rhumbline Advisers reported 500,813 shares or 0.11% of all its holdings. Teachers Retirement Of The State Of Kentucky owns 363,660 shares or 0.36% of their US portfolio. Robeco Institutional Asset Bv holds 148,749 shares or 0.08% of its portfolio. Tiaa Cref Investment Mngmt Limited holds 0.14% or 2.37 million shares in its portfolio. Thompson Siegel & Walmsley Limited Liability Co accumulated 10,228 shares or 0.01% of the stock.
Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 3 sales for $1.25 million net activity. The insider Bindra Jagjeet S. sold $300,020. Shares for $673,111 were sold by Covezzi Massimo. $281,076 worth of LyondellBasell Industries NV (NYSE:LYB) shares were sold by Vasnetsov Sergey.
More notable recent LyondellBasell Industries NV (NYSE:LYB) news were published by: Fool.com which released: “Will 2016 Be LyondellBasell Industries N.V.’s Best Year Yet?” on January 23, 2016, also Seekingalpha.com with their article: “LyondellBasell Industries NV (LYB) Bhavesh Vaghjibhai Patel on Q2 2016 Results …” published on July 30, 2016, Forbes.com published: “LyondellBasell Industries is Oversold” on June 27, 2016. More interesting news about LyondellBasell Industries NV (NYSE:LYB) were released by: Reuters.com and their article: “LyondellBasell retains bank for potential Houston refinery sale: sources” published on August 25, 2016 as well as Forbes.com‘s news article titled: “Reminder – LyondellBasell Industries (LYB) Goes Ex-Dividend Soon” with publication date: August 10, 2016.
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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