Mizuho Issues Positive Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price target increased by Mizuho from $62.00 to $74.00 in a report released on Monday,Benzinga reports. They currently have a neutral rating on the specialty chemicals company’s stock.

Other equities analysts also recently issued reports about the company. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Deutsche Bank Aktiengesellschaft raised their target price on LyondellBasell Industries from $52.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, March 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. Wolfe Research cut their price target on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a report on Monday, February 2nd. Finally, Royal Bank Of Canada upgraded shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $51.00 to $82.00 in a research note on Monday, March 9th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.61.

LyondellBasell Industries Stock Down 2.5%

Shares of NYSE:LYB opened at $71.49 on Monday. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $77.36. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The firm’s 50-day simple moving average is $58.55 and its 200-day simple moving average is $50.91. The company has a market cap of $23.03 billion, a price-to-earnings ratio of -30.68, a PEG ratio of 0.42 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, equities research analysts predict that LyondellBasell Industries will post 6.31 earnings per share for the current year.

LyondellBasell Industries Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 dividend on an annualized basis and a yield of 3.9%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently -118.45%.

Insider Activity

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Several large investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. increased its stake in LyondellBasell Industries by 62.2% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock valued at $2,583,000 after buying an additional 16,234 shares during the period. Hosking Partners LLP boosted its stake in shares of LyondellBasell Industries by 33.3% during the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock worth $29,208,000 after acquiring an additional 148,673 shares in the last quarter. Norges Bank acquired a new position in shares of LyondellBasell Industries in the 2nd quarter valued at $280,000,000. Capital World Investors increased its position in shares of LyondellBasell Industries by 13.1% in the third quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock worth $480,972,000 after acquiring an additional 1,135,258 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC purchased a new position in LyondellBasell Industries during the 2nd quarter worth approximately $2,192,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Company Profile

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.