LyondellBasell Industries NV (LYB) is Initiated by Tudor Pickering to Buy

LyondellBasell Industries NV (LYB) was Initiated by Tudor Pickering to “Buy”. Tudor Pickering advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on LyondellBasell Industries NV. Company shares were Reiterated by Deutsche Bank on Sep 13, 2016 to “Hold”, Firm has raised the Price Target to $ 83 from a previous price target of $80 .

On the company’s financial health, LyondellBasell Industries NV reported $2.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 29, 2016. Analyst had a consensus of $2.51. The company had revenue of $7328.00 million for the quarter, compared to analysts expectations of $7417.28 million. The company’s revenue was down -19.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.81 EPS.

LyondellBasell Industries NV closed down -1.96 points or -2.38% at $80.3 with 32,83,018 shares getting traded on Tuesday. Post opening the session at $81.5, the shares hit an intraday low of $79.85 and an intraday high of $81.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 1, 2016, Jagjeet S. Bindra (director) sold 3,750 shares at $80.00 per share price. According to the SEC, on Apr 26, 2016, Massimo Covezzi (SVP Research & Development) sold 7,551 shares at $89.14 per share price. On Apr 26, 2016, Sergey Vasnetsov (SVP Strategic Planning) sold 3,127 shares at $89.89 per share price, according to the Form-4 filing with the securities and exchange commission.

LyondellBasell Industries N.V. (LyondellBasell) is a global independent chemical company. The Company operates through five segments: Olefins and Polyolefins-Americas (OandP-Americas) Olefins and Polyolefins-Europe Asia International (OandP-EAI) Intermediates and Derivatives (IandD) Refining and Technology. Its OandP-Americas segment produces and markets olefins including ethylene and ethylene co-products and polyolefin. Its OandP-EAI segment produces and markets olefins including ethylene and ethylene co-products polyolefin and specialty products including polybutene-1 and polypropylene compounds. Its IandD segment produces and markets propylene oxide and its co-products and derivatives acetyls including methanol and ethylene oxide. Its Refining segment refines heavy high-sulfur crude oil. Its Technology segment develops and licenses chemical and polyolefin process technologies and manufactures and sells polyolefin catalysts.

LyondellBasell Industries NV

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