Wells Fargo & Company Boosts LyondellBasell Industries (NYSE:LYB) Price Target to $70.00

LyondellBasell Industries (NYSE:LYB) had its price objective lifted by equities research analysts at Wells Fargo & Company from $48.00 to $70.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 3.16% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. Mizuho lifted their price target on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 30th. Bank of America reduced their price objective on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, thirteen have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, LyondellBasell Industries currently has an average rating of “Hold” and an average target price of $61.28.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock opened at $72.28 on Friday. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The firm has a market cap of $23.29 billion, a P/E ratio of -31.02, a P/E/G ratio of 0.62 and a beta of 0.64. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $75.62. The firm has a 50-day moving average of $55.43 and a 200-day moving average of $50.22.

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

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the transaction, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Institutional Trading of LyondellBasell Industries

A number of hedge funds have recently modified their holdings of LYB. MTM Investment Management LLC purchased a new stake in shares of LyondellBasell Industries in the 2nd quarter worth about $26,000. Parvin Asset Management LLC purchased a new position in LyondellBasell Industries during the 2nd quarter valued at about $26,000. Capital A Wealth Management LLC boosted its stake in LyondellBasell Industries by 6,314.3% during the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares in the last quarter. Stance Capital LLC bought a new stake in LyondellBasell Industries during the third quarter worth about $27,000. Finally, EMC Capital Management purchased a new stake in LyondellBasell Industries in the second quarter worth about $29,000. Institutional investors own 71.20% of the company’s stock.

More LyondellBasell Industries News

Here are the key news stories impacting LyondellBasell Industries this week:

• Positive Sentiment: Analyst upgrades and supply‑tightening narrative lifted sentiment — multiple brokers (KeyBanc, RBC, Jefferies) have upgraded LYB this month, arguing the company could benefit from tighter global petrochemical supplies and recovering polyolefins margins; that thesis drove recent rallies. Quiver Quantitative analysis
• Positive Sentiment: Geopolitical risks (Middle East) are being priced as a potential tailwind for U.S. Gulf‑Coast chemical producers, including LYB, supporting expectations for stronger pricing and spreads. Invezz article
• Positive Sentiment: Broker optimism persists in places — recent coverage highlights upside potential (Jefferies and others have bullish forecasts), which can sustain a re‑rating if spreads firm. American Banking News
• Neutral Sentiment: Wells Fargo raised its price target to $70 from $48 but kept an “equal‑weight” rating — the higher target narrows the disconnect with the market but its stance signals a hold/limited‑upside view that can cap further rallies. Benzinga
• Neutral Sentiment: Coverage highlighting LYB as a potential dividend play despite prior payout cuts may attract income‑seeking flows, but those buyers may be cautious until margins stabilize. Barron’s
• Negative Sentiment: Unusual options activity: investors bought ~11,852 put contracts (≈34% above average), suggesting increased hedging or bearish speculation after the recent run. (No article link provided in the feed.)
• Negative Sentiment: Fundamentals/headwinds: LYB missed Q4 EPS expectations in late January and reported year‑over‑year revenue declines; until spreads and volumes recover, earnings risk remains a downside catalyst.

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.