LyondellBasell Industries (NYSE:LYB) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

LyondellBasell Industries (NYSE:LYB) had its price objective upped by equities research analysts at BMO Capital Markets from $68.00 to $82.00 in a research report issued on Monday,MarketScreener reports. The brokerage presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ price objective points to a potential upside of 11.96% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, March 10th. UBS Group raised their target price on shares of LyondellBasell Industries from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, March 26th. Citigroup boosted their price target on shares of LyondellBasell Industries from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 8th. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a research note on Wednesday, March 4th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $69.44.

LyondellBasell Industries Stock Performance

Shares of LYB opened at $73.24 on Monday. The firm has a fifty day moving average of $67.09 and a 200-day moving average of $53.68. The company has a market cap of $23.64 billion, a price-to-earnings ratio of -31.43, a price-to-earnings-growth ratio of 0.31 and a beta of 0.40. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) EPS for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm had revenue of $7.09 billion during the quarter. As a group, equities analysts anticipate 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 stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. This trade represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LYB. EMC Capital Management grew its position in LyondellBasell Industries by 46.7% during the 4th quarter. EMC Capital Management now owns 2,200 shares of the specialty chemicals company’s stock worth $95,000 after purchasing an additional 700 shares in the last quarter. Flax Pond Capital LLC purchased a new stake in shares of LyondellBasell Industries in the fourth quarter valued at $3,494,000. SHP Wealth Management acquired a new stake in shares of LyondellBasell Industries in the fourth quarter worth $39,000. Virtu Financial LLC boosted its position in shares of LyondellBasell Industries by 212.7% in the fourth quarter. Virtu Financial LLC now owns 93,876 shares of the specialty chemicals company’s stock worth $4,065,000 after buying an additional 63,854 shares during the period. Finally, MV Capital Management Inc. purchased a new position in shares of LyondellBasell Industries during the fourth quarter valued at $52,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

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.