Look For Institutional Buying In LyondellBasell Industries NV (NYSE: LYB)

LyondellBasell Industries NV (LYB) concluded trading on Wednesday at a closing price of $74.80, with 4.33 million shares of worth about $323.58 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -21.30% during that period and on December 18, 2024 the price saw a loss of about -0.85%. Currently the company’s common shares owned by public are about 324.75M shares, out of which, 258.73M shares are available for trading.

Stock saw a price change of -2.16% in past 5 days and over the past one month there was a price change of -10.10%. Year-to-date (YTD), LYB shares are showing a performance of -21.33% which decreased to -21.68% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $74.60 but also hit the highest price of $107.02 during that period. The average intraday trading volume for LyondellBasell Industries NV shares is 2.58 million. The stock is currently trading -5.58% below its 20-day simple moving average (SMA20), while that difference is down -11.34% for SMA50 and it goes to -20.79% lower than SMA200.

LyondellBasell Industries NV (NYSE: LYB) currently have 324.75M outstanding shares and institutions hold larger chunk of about 72.42% of that.

The stock has a current market capitalization of $24.29B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 11.39, while it has posted earnings per share of $6.57 in the same period. Its PEG reads 3.25 and has Quick Ratio of 1.25 while making debt-to-equity ratio of 0.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LYB, volatility over the week remained 1.97% while standing at 2.02% over the month.

Stock’s fiscal year EPS is expected to drop by -22.57% while it is estimated to increase by 21.07% in next year. EPS is likely to grow at an annualized rate of 3.51% for next 5-years, compared to annual growth of -11.67% made by the stock over the past 5-years.

Coverage by JP Morgan stated LyondellBasell Industries NV (LYB) stock as an Overweight in their note to investors on February 05, 2024, suggesting a price target of $100 for the stock. Stock get a Neutral rating from Citigroup on December 13, 2023.

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