Cowen & Company Downgrades LyondellBasell Industries NV to Market Perform

Brokerage firm Cowen & Company Downgrades its rating on LyondellBasell Industries NV(NYSE:LYB). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Cowen & Company was issued on Jun 13, 2016.

In a different note, On Apr 27, 2016, Nomura said it Downgrades its rating on LyondellBasell Industries NV. The shares have been rated ‘Neutral’ by the firm. On Apr 25, 2016, Citigroup said it Maintains its rating on LyondellBasell Industries NV. In the research note, the firm Raises the price-target to $94.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 18, 2016, Citigroup said it Maintains its rating on LyondellBasell Industries NV. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 5, 2016, Atlantic Equities said it Downgrades its rating on LyondellBasell Industries NV. The shares have been rated ‘Underweight’ by the firm.

LyondellBasell Industries NV (LYB) made into the market gainers list on Fridays trading session with the shares advancing 1.21% or 0.96 points. Due to strong positive momentum, the stock ended at $80.05, which is also near the day’s high of $80.24. The stock began the session at $79.18 and the volume stood at 36,74,884 shares. The 52-week high of the shares is $106.5 and the 52 week low is $69.095. The company has a current market capitalization of $34,160 M and it has 42,67,27,140 shares in outstanding.

LyondellBasell Industries NV(LYB) last announced its earnings results on Apr 22, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $6.74B. Analysts had an estimated revenue of $7.10B. Earnings per share were $2.48. Analysts had estimated an EPS of $2.28.

Several Insider Transactions has been reported to the SEC. On Apr 26, 2016, Massimo Covezzi (SVP Research & Development) sold 7,551 shares at $89.14 per share price.Also, On Apr 26, 2016, Sergey Vasnetsov (SVP Strategic Planning) sold 3,127 shares at $89.89 per share price.On Nov 20, 2015, Jacquelyn H Wolf (SVP, Human Resources) sold 3,394 shares at $94.52 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.

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