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Are we looking at the next big move in LyondellBasell Industries NV (LYB)?

LyondellBasell Industries NV (NYSE: LYB) is 7.57% higher on its value in year-to-date trading and has touched a low of $84.80 and a high of $102.98 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LYB stock was last observed hovering at around $102.95 in the last trading session, with the day’s loss setting it -0.67%.

Currently trading at $102.28, the stock is 1.65% and 4.83% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.96 million and changing -0.65% at the moment leaves the stock 7.42% off its SMA200. LYB registered 13.57% gain for a year compared to 6-month gain of 7.70%. The firm has a 50-day simple moving average (SMA 50) of $1.04 and a 200-day simple moving average (SMA200) of $9.23.

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The stock witnessed a 3.53% loss in the last 1 month and extending the period to 3 months gives it a 6.02%, and is 1.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.21% over the week and 1.73% over the month.

LyondellBasell Industries NV (LYB) has around 20000 employees, a market worth around $33.19B and $40.92B in sales. Current P/E ratio is 15.82 and Fwd P/E is 10.27. Profit margin for the company is 5.15%. Distance from 52-week low is 20.61% and -0.68% from its 52-week high. The company has generated returns on investments over the last 12 months (8.54%).

LyondellBasell Industries NV quarterly earnings per share for the current quarter are estimated at $1.41 with sales reaching $9.68B over the same period.The EPS is expected to shrink by -3.62% this year, but quarterly earnings will post -0.60% year-over-year. Quarterly sales are estimated to shrink -5.60% in year-over-year returns.

LyondellBasell Industries NV (LYB) Top Institutional Holders

1,393 institutions hold shares in LyondellBasell Industries NV (LYB), with institutional investors hold 91.30% of the company’s shares. The shares outstanding are 324.48M, and float is at 258.21M with Short Float at 2.08%. Institutions hold 72.67% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 31.31 million shares valued at $2.87 billion. The investor’s holdings represent 9.66% of the LYB Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 22.08 million shares valued at $2.03 billion to account for 6.81% of the shares outstanding. The other top investors are Dodge & Cox Inc which holds 16.38 million shares representing 5.05% and valued at over $1.5 billion, while State Street Corporation holds 3.63% of the shares totaling 11.75 million with a market value of $1.08 billion.

LyondellBasell Industries NV (LYB) Insider Activity

The most recent transaction is an insider sale by Buchanan Robin W.T.,the company’sDirector. SEC filings show that Buchanan Robin W.T. sold 18,111 shares of the company’s common stock on Mar 15 ’24 at a price of $100.46 per share for a total of $1.82 million. Following the sale, the insider now owns 12276.0 shares.

LyondellBasell Industries NV disclosed in a document filed with the SEC on Mar 12 ’24 that McMurray Michael C. (EVP & CFO) sold a total of 16,940 shares of the company’s common stock. The trade occurred on Mar 12 ’24 and was made at $100.84 per share for $1.71 million. Following the transaction, the insider now directly holds 88858.0 shares of the LYB stock.

Still, SEC filings show that on Feb 29 ’24, Oyolu Chukwuemeka A. (SVP, CAO & Investor Relations) disposed off 7,084 shares at an average price of $100.47 for $0.71 million. The insider now directly holds 27,575 shares of LyondellBasell Industries NV (LYB).

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