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.LyondellBasell Industries ( LYB) pushed the Chemicals industry higher today making it today's featured chemicals winner. The industry as a whole closed the day up 0.7%. By the end of trading, LyondellBasell Industries rose $1.40 (1.8%) to $78.06 on average volume. Throughout the day, 4,548,362 shares of LyondellBasell Industries exchanged hands as compared to its average daily volume of 3,265,800 shares. The stock ranged in a price between $76.65-$78.93 after having opened the day at $77.39 as compared to the previous trading day's close of $76.66. Other companies within the Chemicals industry that increased today were: Lightbridge ( LTBR), up 12.2%, Methanex Corporation ( MEOH), up 8.1%, Flotek Industries ( FTK), up 5.8% and Amyris ( AMRS), up 5.5%.
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 $42.4 billion and is part of the basic materials sector. The company has a P/E ratio of 13.2, below the S&P 500 P/E ratio of 17.7. Shares are down 4.5% year to date as of the close of trading on Wednesday. Currently there are 11 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 buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.