LyondellBasell Industries N.V. [LYB] EVP & CFO makes an insider purchase of 33,880 shares worth 3.76 million.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LyondellBasell Industries N.V. shares valued at $3,758,485 were sold by McMurray Michael C. on Jun 08. At $110.94 per share, McMurray Michael C. sold 33,880 shares. The insider’s holdings dropped to 39,612 shares worth approximately $2.98 million following the completion of this transaction.


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Also, Bindra Jagjeet S. sold 2,640 shares, netting a total of over 294,204 in proceeds. Following the sale of shares at $111.44 each, the insider now holds 7,020 shares.

Before that, Guilfoyle James D had sold 1,250 shares from its account. In a trade valued at $143,238, the EVP, Adv Polymer Sol & Sup Chn traded LyondellBasell Industries N.V. shares for $114.59 each. Upon closing the transaction, the insider’s holdings decreased to 1,250 shares, worth approximately $2.7 million.

As published in a research note from JP Morgan on September 02, 2022, LyondellBasell Industries N.V. [LYB] has been rated down from an Overweight to a Neutral and the price target has been revised to $80 from $115. This represents a 6.11% premium over Thursday’s closing price. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”a Sector weight”‘ to ‘”an Underweight”‘ outlook in a report released in late August. As of August 01, 2022, Vertical Research has decreased its “Buy” rating to a “Hold” for LYB. Earlier on June 27, 2022, Credit Suisse initiated its rating. Their recommendation was “an Underperform” for LYB stock.

Analyzing LYB’s Price Performance

On Thursday, LyondellBasell Industries N.V. [NYSE: LYB] plunged -0.78% to $75.11. The stock’s lowest price that day was $75.08, but it reached a high of $76.73 in the same session. During the last five days, there has been a drop of approximately -4.55%. Over the course of the year, LyondellBasell Industries N.V. shares have dropped approximately -14.71%. Shares of the company reached a 52-week high of $117.22 on 05/31/22 and a 52-week low of $75.08 on 09/22/22. A 50-day SMA is recorded $85.41, while a 200-day SMA reached $96.09. Nevertheless, trading volume fell to 2.69 million shares from 2.87 million shares the previous day.

Support And Resistance Levels for LyondellBasell Industries N.V. (LYB)

According to the 24-hour chart, there is a support level at 74.55, which, if violated, would cause prices to drop to 73.99. In the upper region, resistance lies at 76.20. The next price resistance is at 77.29. RSI (Relative Strength Index) is 30.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.72, which suggests the price will decrease in the coming days. Percent R is at 99.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is LyondellBasell Industries N.V. subject to short interest?

Stocks of LyondellBasell Industries N.V. saw a sharp steep in short interest on Aug 30, 2022 dropping by -0.76 million shares to 3.59 million. Data from Yahoo Finance shows that the short interest on Jul 28, 2022 was 4.35 million shares. A decline of -21.17% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.94 of the overall float, the days-to-cover ratio (short ratio) decline to 1.94.

Which companies own the most shares of LyondellBasell Industries N.V. (LYB)?

According to The Vanguard Group, Inc. filings, the company currently owns 30,988,011 shares, which is about 9.50% of the total LYB shares outstanding. The investor’s shares have appreciated by 1,202,736 from its previous 13-F filing of 29785275.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $1,470,290,884. Capital Research & Management Co reduced a -33.52% interest valued at $1.18 billion while SSgA Funds Management, Inc. purchased a 198,318 stake. A total of -392,525 shares of LyondellBasell Industries N.V. were bought by Wellington Management Co. LLP during the quarter, and 38,750 were bought by Geode Capital Management LLC. In its current portfolio, Charles Schwab Investment Managem holds 4,709,769 shares valued at $390.91 million.

In terms of LyondellBasell Industries N.V. share price expectations, FactSet research, analysts set an average price target of $93.70 in the next 12 months, up nearly 25.5% from the previous closing price of $75.70. Analysts anticipate LyondellBasell Industries N.V. stock to reach $115.00 by 2022, with the lowest price target being $65.00. In spite of this, 26 analysts ranked LyondellBasell Industries N.V. stock as a Hold at the end of 2022. On May 31, 2022, Alembic Global Advisors assigned a price target of “a Neutral” to the stock and downgraded coverage with a $115.

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