LyondellBasell Industries NV (LYB): Today's Featured Chemicals Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.8%. By the end of trading, LyondellBasell Industries rose $1.09 (1.5%) to $74.01 on average volume. Throughout the day, 3,188,089 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3,647,800 shares. The stock ranged in a price between $73.11-$74.23 after having opened the day at $73.42 as compared to the previous trading day's close of $72.92. Other companies within the Chemicals industry that increased today were:
(
), up 14.5%,
(
), up 7.1%,
(
), up 6.3% and
(
), up 3.8%.
LyondellBasell Industries N.V., together with its subsidiaries, 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 $41.3 billion and is part of the basic materials sector. Shares are up 26.9% year to date as of the close of trading on Wednesday. Currently there are 10 analysts that rate LyondellBasell Industries a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
LyondellBasell Industries
as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full LyondellBasell Industries Ratings Report.
On the negative front,
(
), down 3.4%,
(
), down 3.3%,
(
), down 2.4% and
(
), down 2.2%.
- Use our chemicals section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider
(
) while those bearish on the chemicals industry could consider
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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