LyondellBasell Industries (NYSE:LYB) Stock Price Expected to Rise, Wolfe Research Analyst Says

LyondellBasell Industries (NYSE:LYB) had its target price hoisted by stock analysts at Wolfe Research from $38.00 to $62.00 in a research report issued on Tuesday,MarketScreener reports. The brokerage currently has an “underperform” rating on the specialty chemicals company’s stock. Wolfe Research’s price objective indicates a potential downside of 15.29% from the stock’s current price.

LYB has been the subject of several other reports. Alembic Global Advisors upgraded LyondellBasell Industries from a “neutral” rating to an “overweight” rating in a research report on Thursday, April 9th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. UBS Group lifted their target price on shares of LyondellBasell Industries from $73.00 to $79.00 and gave the company a “neutral” rating in a report on Thursday, March 26th. Wells Fargo & Company boosted their target price on shares of LyondellBasell Industries from $70.00 to $87.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. Finally, Mizuho increased their price target on shares of LyondellBasell Industries from $62.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $70.78.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $73.19 on Tuesday. The firm’s fifty day moving average is $67.41 and its two-hundred day moving average is $53.82. The firm has a market cap of $23.62 billion, a price-to-earnings ratio of -31.41, a PEG ratio of 0.30 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 one year low of $41.58 and a one year high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The company had revenue of $7.09 billion for the quarter. Research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

Insider Activity at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’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 completion of the sale, the insider owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Trading of LyondellBasell Industries

Large investors have recently bought and sold shares of the business. Capital Research Global Investors increased its stake in LyondellBasell Industries by 108.7% during the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after acquiring an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of 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 valued at $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of LyondellBasell Industries by 5,451.2% during the 4th 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 purchasing an additional 1,431,334 shares during the period. Morgan Stanley grew its holdings in shares of LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock worth $388,476,000 after purchasing an additional 1,300,271 shares during the period. Finally, Norges Bank acquired a new stake in shares of LyondellBasell Industries during the 4th quarter worth about $52,210,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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.