LyondellBasell Industries (NYSE:LYB) Upgraded to “Hold” at Wall Street Zen

LyondellBasell Industries (NYSE:LYB) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

LYB has been the topic of a number of other research reports. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a report on Monday, March 9th. Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Citigroup raised shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $49.00 to $76.00 in a report on Thursday, March 12th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, March 9th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $64.44.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $73.30 on Friday. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $77.36. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The business has a fifty day simple moving average of $58.08 and a two-hundred day simple moving average of $50.84. The company has a market capitalization of $23.62 billion, a P/E ratio of -31.46, a P/E/G ratio of 0.64 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The company’s revenue was down 9.2% compared to the same quarter last year. During the same period last year, the business posted $0.75 EPS. On average, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LYB. Norges Bank bought a new stake in LyondellBasell Industries during the second quarter worth about $280,000,000. Capital Research Global Investors increased its position in shares of LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. Soundwatch Capital LLC purchased a new position in shares of LyondellBasell Industries during the 2nd quarter valued at about $268,123,000. AQR Capital Management LLC lifted its position in LyondellBasell Industries by 512.9% in the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after buying an additional 2,588,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after buying an additional 1,431,334 shares in the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

About LyondellBasell Industries

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.