LyondellBasell (NYSE:LYB) shares gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $103.83, but opened at $106.49. LyondellBasell shares last traded at $106.67, with a volume of 3208172 shares trading hands.

The specialty chemicals company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.80 by $0.31. The company had revenue of $9.77 billion during the quarter, compared to the consensus estimate of $9.43 billion. LyondellBasell had a net margin of 14.15% and a return on equity of 55.09%. LyondellBasell’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.98 EPS.

LYB has been the subject of a number of analyst reports. Morgan Stanley set a $130.00 price objective on shares of LyondellBasell and gave the stock a “buy” rating in a research report on Friday, February 16th. Zacks Investment Research upgraded shares of LyondellBasell from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Monday, February 5th. Citigroup upped their price objective on shares of LyondellBasell from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. ValuEngine downgraded shares of LyondellBasell from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. Finally, Vertical Research downgraded shares of LyondellBasell from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. LyondellBasell has a consensus rating of “Hold” and a consensus target price of $108.39.

Several large investors have recently bought and sold shares of LYB. TCI Wealth Advisors Inc. grew its stake in shares of LyondellBasell by 229.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after purchasing an additional 708 shares during the period. CENTRAL TRUST Co grew its stake in LyondellBasell by 149.2% in the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock valued at $126,000 after acquiring an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new stake in LyondellBasell in the 4th quarter valued at about $134,000. Certified Advisory Corp acquired a new stake in LyondellBasell in the 4th quarter valued at about $157,000. Finally, Oakworth Capital Inc. grew its stake in LyondellBasell by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after acquiring an additional 501 shares during the last quarter. 75.06% of the stock is currently owned by institutional investors and hedge funds.

The company has a market cap of $41,582.29, a P/E ratio of 10.43, a PEG ratio of 1.09 and a beta of 1.09. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96.

LyondellBasell Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: 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 O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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