LyondellBasell Industries (NYSE:LYB) Trading Up 8.3% on Analyst Upgrade

LyondellBasell Industries N.V. (NYSE:LYB) rose 8.3% during mid-day trading on Tuesday after Royal Bank Of Canada raised their price target on the stock from $49.00 to $51.00. Royal Bank Of Canada currently has a sector perform rating on the stock. LyondellBasell Industries traded as high as $54.53 and last traded at $54.4120. Approximately 4,297,187 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 6,559,671 shares. The stock had previously closed at $50.25.

LYB has been the topic of a number of other research reports. BMO Capital Markets restated an “underperform” rating and issued a $36.00 target price (down previously from $48.00) on shares of LyondellBasell Industries in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. The Goldman Sachs Group reissued a “sell” rating on shares of LyondellBasell Industries in a research report on Monday. Bank of America reduced their price target on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Finally, UBS Group lowered their price objective on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a report on Tuesday, December 23rd. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Reduce” and a consensus target price of $51.28.

Insider Activity

In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the purchase, the executive vice president owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LYB. MTM Investment Management LLC bought a new position in LyondellBasell Industries during the second quarter worth $26,000. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter worth $26,000. Capital A Wealth Management LLC grew its position in LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares during the last quarter. Stance Capital LLC bought a new position in shares of LyondellBasell Industries during the 3rd quarter worth about $27,000. Finally, Hilltop National Bank acquired a new position in shares of LyondellBasell Industries during the second quarter valued at about $29,000. 71.20% of the stock is currently owned by institutional investors and hedge funds.

LyondellBasell Industries Trading Up 6.5%

The firm has a market cap of $17.22 billion, a P/E ratio of -22.96 and a beta of 0.70. The company’s 50 day moving average is $46.72 and its two-hundred day moving average is $49.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company earned $0.75 EPS. The company’s revenue was down 9.2% on a year-over-year basis. On average, sell-side analysts predict that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were given a $1.37 dividend. This represents a $5.48 annualized dividend and a yield of 10.2%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -235.19%.

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.