Director Buchanan Robin W.T. acquired 5,000 shares in LyondellBasell Industries N.V. (NYSE:LYB) for $41,439 in transaction occurred on 2018/12/06. After making this transaction, the Director owns a direct stake of 443,150 shares, worth $3,541,377, as per the last closing price. On 2018/11/13 Ai Investments Holdings Llc, 10% Owner at LYB, purchased 2,186,973 shares at an average price of $95.6 per share. The new stake is valued at $3,040,000,000.
Separately, it had been reported that some other LYB insiders also took part of the insider trading activity. 10% Owner, Ai Investments Holdings Llc had invested in 1,602,455 shares for $33,361,421 through a trade on 2018/11/08. Following this activity, the insider holds 153,000,000 shares worth $2,850,000,000 as of recent close. Wall Street’s most bullish LyondellBasell Industries N.V. (NYSE:LYB) analysts are predicting the share price to blow past $130 per share during the next 12 months. The current median share price forecast by them is $98, suggesting that the stock could increase 14.67% in that time frame. The average price target of $101.15 calls for a nearly 18.36% increase in the stock price.
LyondellBasell Industries N.V. (LYB) trading activity significantly improved as the volume at ready counter increased to 3,747,256 shares versus 2,795,395 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 2,667,455 shares. The share price rose 1.85% in recent trade and currently has a stock-market value of $32.79B. The shares finished at $85.46, after trading as low as $84.35 earlier in the session. It hit an intraday high Tuesday at $86.4. The stock is now 10.24% above against its bear-market low of $77.52 on December 26, 2018. It has retreated -39.7% since it’s 52-week high of $119.39 reached in May. Now the market price is down -20.12% on the year and up 2.77% YTD.
LYB’s 50 day simple moving average (SMA 50) price is $85.49 and its 200-day simple moving average (SMA 200) price is $100.95. The company’s stock currently has a total float of 306.52M shares. Its weekly volatility is hovering around 2.41% and felt 2.31% volatility in price over a month. On the upside, the share price will test short term resistance at around $86.46. On a downside, the stock is likely to find some support, which begins at $84.41. The failure to get near-term support could push it to $83.35.
It had seen a change in price target from analysts at Cowen, who reiterated the stock at Market Perform on February 06 but moved PT from $100 to $94. Analysts at Deutsche Bank, shed their negative views on December 17 by lifting it fromHold to Buy. The stock won favor of RBC Capital Mkts analysts who expressed their confidence in it using an upgrade from Sector Perform to Outperform on November 20. HSBC Securities analysts came out with bullish views on November 02 when the call was made. They think the stock is now Buy compared to to their prior call for Hold.
When looking at valuations, LyondellBasell Industries N.V. (LYB) has a cheap P/E of 6.62x as compared to industry average of 24.88x. Moreover, it trades for 7.09 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 3.01x price/book and 0.84x price/sales. Compared to others, LyondellBasell Industries N.V. is in a different league with regards to profitability, having net margins of 14.9%. To put some perspective around this, the industry’s average net margin is 9.52%. It’s also very liquid in the near term, with a current ratio of 1.8. The stock has a debt/capital of 0.78.
Shares of LyondellBasell Industries N.V. (LYB) have dropped -3.5% since the company’s last earnings report. Over the past 12 fiscal quarters, LyondellBasell Industries N.V. (NYSE:LYB) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 4 quarters (33%), whereas at 0 occasion EPS met analyst expectations. LYB last reported earnings on February 01, 2019 when it released Dec-18 results that receded expectations. The company raked in $1.83 per share, -90.46% change on the same period last year. That was worse than consensus for $2.26. Revenue for the recent quarter stood at $8.88 billion, down -3% on last year and below the $9.61 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $8.74 billion to $10.31 billion, which should be compared with $8 billion generated last year. EPS is seen in a range of $2.08 to $2.7, against the $2.45 reported a year ago.