The stock of LyondellBasell Industries N.V. (NYSE:LYB) decreased by -$2.91 on Tuesday to finish at $96.36, down -2.93 percent. The last five days have seen an average of 2,082,320 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $13.33. The average number of shares traded over the last 20 days was 2,290,795, while the average volume over the last 50 days totaled 1,984,642.
LYB stock appreciated 6.02% since last month. On 07/21/23, the company’s shares reached a one-month low of $90.00. The stock touched a high of $101.30 on 02/13/23, after rallying from a low of $71.46 in 52 weeks. The price of LYB stock has risen by 16.05% or $13.33 this year, reaching a new high 14 times. Still, the stock price is down -4.88% from the 52-week high.
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Insider Transactions
LYB stock investors should be aware that LyondellBasell Industries N.V. (LYB) stock had its last reported insider trading activity 5 days ago on Aug 11. On Aug 11, 10% Owner AI INVESTMENTS HOLDINGS LLC sold 6,028 shares at $99.61 each. This transaction resulted in the insider making $600,439. On Aug 11, AI INVESTMENTS HOLDINGS LLC sold 483 shares at a price of US$99.61. After the transaction, the insider now owns 765,996 shares. Director CHASE ANTHONY R had earlier sold 1 shares on Apr 25 for $91.36 a share. The transaction was completed for $91.
Valuation Metrics
LyondellBasell Industries N.V. (LYB) has a trailing price-to-earnings (P/E) ratio of 14.80. Beta for the stock is 1.21. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.74, the price-to-book (PB) ratio of 2.42, and the price-to-cash flow ratio of 9.84.
Company paid $1.25 per share in dividends, an increase of 5.04% from $1.19 last year. A $0.06 dividend increase was reported on Friday May 19 2023.
Financial Health
For the three months ended June 29, LyondellBasell Industries N.V.’s quick ratio was 1.10, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.79, and the total debt to equity ratio is 0.90. As far as profitability goes, gross margin for the trailing twelve months is 11.20% percent. LyondellBasell Industries N.V.’s EBITDA margin for the year ended June 29 was 12.71%, whereas its operating margin stood at 7.00% for the same period. Based on annual data, it had gross profit of $6.6 billion and revenue of $50.45 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. LYB’s return on assets (ROA) during the last 12 months has been 5.80%. There was a 17.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 16.70%.
Earnings Surprise
According to LyondellBasell Industries N.V.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $10.31 billion, while revenues fell by -43.97% to $10.25 billion. It was predicted that LyondellBasell Industries N.V.’s quarterly earnings would be $2.44, but it ended up being $2.28, beating the consensus by 7.00%. EBITDA was $1.4 billion for the quarter. At the end of LyondellBasell Industries N.V.’s most recent quarter ended June 29, its liabilities totaled 23.74 billion, while its total debt was $13.3 billion. Equity owned by shareholders amounts to $324.2 million.
Technical Picture
Here’s a quick look at LyondellBasell Industries N.V.’s (LYB) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 46.95%, suggesting the stock is Neutral, with a 24.78% historical volatility rate.
The stochastic %K and %D were 63.10% and 79.71% respectively, while the average true range (ATR) was 2.07. Based on the 14-day stochastic reading of 28.53%, the RSI (14) reading is 52.10%. On the 9-day MACD Oscillator, the stock is at 0.07, and the 14-day reading is at 0.27.
Analyst Ratings
In its analyst report released on June 14, 2023, Citigroup began covering LyondellBasell Industries N.V. (NYSE: LYB). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned LyondellBasell Industries N.V. (LYB) an Hold rating. LYB is a stock that is recommended for selling by 2 brokerage firms, while 14 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 7 others recommend it as a buy.
What is LYB’s price target for the next 12 months?
The current consensus forecast for the stock is between $85.00 and $116.00, with a median target price of $97.00. In analyzing these forecasts, the average price target given by analysts for LyondellBasell Industries N.V. (LYB) is $99.97.
