LyondellBasell Industries NV (LYB): Today's Featured Chemicals Loser - TheStreet

LyondellBasell Industries

(

LYB

) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day up 0.3%. By the end of trading, LyondellBasell Industries fell 63 cents (-1.6%) to $38.90 on average volume. Throughout the day, 3.2 million shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3.8 million shares. The stock ranged in price between $38.44-$39.77 after having opened the day at $39.77 as compared to the previous trading day's close of $39.53. Other company's within the Chemicals industry that declined today were:

Gevo

(

GEVO

), down 22.5%,

Cereplast

(

CERP

), down 5.7%,

Renewable Energy Group

(

REGI

), down 5.1%, and

Lightbridge

(

LTBR

), down 5.1%.

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LyondellBasell Industries N.V. manufacturers and sells chemicals and polymers, refines crude oil, produces gasoline blending components, and develops and licenses technologies for the production of polymers. LyondellBasell Industries has a market cap of $22.48 billion and is part of the

basic materials

sector. The company has a P/E ratio of 10.8, below the average chemicals industry P/E ratio of 11 and below the S&P 500 P/E ratio of 17.7. Shares are up 21.7% year to date as of the close of trading on Tuesday. Currently there are 10 analysts that rate LyondellBasell Industries a buy, one analyst rates it a sell, and two rate it a hold.

TheStreet Ratings rates LyondellBasell Industries as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share.

On the positive front,

Pure Bioscience

(

PURE

), up 10.5%,

Methanex Corporation

(

MEOH

), up 4.8%,

Intrepid Potash

(

IPI

), up 4%, and

Solazyme

(

SZYM

), up 4%, were all gainers within the chemicals industry with

Sociedad Quimica Y Minera De Chile

(

SQM

) being today's featured chemicals industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider

Materials Select Sector SPDR

(

XLB

) while those bearish on the chemicals industry could consider

ProShares Short Basic Materials Fd

(

SBM

).

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