Analysis: Lyondellbasell Industries Nv (NYSE:LYB) Stock Target Has Been Increased Today
In a comprehensive report sent to clients and investors by Jefferies & Co on Friday, 18 December, the firm, Lyondellbasell Industries Nv (NYSE:LYB), had their Estimated Target Price downgraded to $100.00. Analusts currently have a solid “Hold” rating on the stock.
From a total of 20 analysts covering LyondellBasell (NYSE:LYB) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $120 while the lowest target price is $85. The mean of all analyst targets is $105.2 with a 18.59% above today’s ($87.53) stock price. LyondellBasell was the topic of 7 analyst reports since September 1, 2015 according to the firm StockzIntelligence Inc. Cowen & Co maintained shares on November 25 with “Outperform” rating. Macquarie Research downgraded LYB stock in a recent report from October 12 to “Neutral” rating.
The stock decreased 0.18% or $0.16 on December 18, striking $87.53. Approximately 2.56M shares of stock traded hands. LyondellBasell Industries NV (NYSE:LYB) has declined 16.28% since May 15, 2015 and is downtrending. It has underperformed by 12.47% the S&P500.
The overall sentiment of institutions has decreased to 0.94 in Q2 2015. Its down 0.15, from 1.09 in 2015Q2. The ratio turned negative, as 88 institutions have sold all the shares of LyondellBasell Industries NV that they owned while 255 funds have taken shares off the table. 68 funds have purchased shares for the first time while 256 added to their positions. These institutions now hold 288.47 million shares or 10.00% less than the 320.52 million shares they owned in 2015Q2.
The Fund Ranger International Management Lp currently is holding shares equating to 5.29% of its total portfolio in LyondellBasell Industries NV representing a total of 192,430 shares. Another fund,Pointstate Capital Lp, is holding a total of 1.94 million shares equating to 4.52% of their holdings. Additionally, Viking Global Investors Lp has a 13.51 million share stake in LyondellBasell Industries NV which represents 4.31% of their total portfolio. The Fund, Cambrian Capital Limited Partnership, based out of California, has also built up a stake in the stock, which represents a total of 4.26% of their total portfolio. Finally Adams Natural Resources Fund Inc., a fund which is based in the state of Maryland reported a total holdings of 285,200 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 4, 2015, shareholders of LyondellBasell Industries NV have witnessed 1 insider buy, and a total of 5 sales equating to a net activity of approximately $8.45 million . Vasnetsov Sergey sold 36,553 shares worth approximately $3.56 million. Somma Lawrence C bought 14 shares worth approximately $1,185. Carroll Milton sold 3,000 shares worth approximately $252,000. Brown Kevin W. sold 25,000 shares worth approximately $2.41M. The company insider Smolik Samuel L. sold 20,000 shares worth $2.10M.
LyondellBasell Industries N.V. is a global, independent chemical company. The company has a market cap of $39.46 billion. The Firm operates through five divisions: Olefins and Polyolefins-Americas (OandP-Americas), Olefins and Polyolefins-Europe, Asia, International (OandP-EAI), Intermediates and Derivatives (IandD), Refining, and Technology. It has 9.32 P/E ratio. The Company’s OandP-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefin.
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.”