LyondellBasell Industries (NYSE:LYB) Stock Price Expected to Rise, UBS Group Analyst Says

LyondellBasell Industries (NYSE:LYB) had its price objective hoisted by equities research analysts at UBS Group from $79.00 to $82.00 in a report issued on Tuesday,MarketScreener reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s target price would suggest a potential upside of 6.12% from the company’s current price.

Several other brokerages have also recently weighed in on LYB. JPMorgan Chase & Co. upped their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday. Evercore upped their price objective on shares of LyondellBasell Industries from $57.00 to $70.00 in a research note on Wednesday, April 22nd. BMO Capital Markets upped their price objective on shares of LyondellBasell Industries from $68.00 to $82.00 and gave the stock a “market perform” rating in a research note on Monday, April 13th. Mizuho upped their price objective on shares of LyondellBasell Industries from $74.00 to $76.00 in a research note on Friday. Finally, Wolfe Research upped their price objective on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $76.59.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded up $1.23 during mid-day trading on Tuesday, hitting $77.27. The company had a trading volume of 485,919 shares, compared to its average volume of 7,705,665. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.54 and a quick ratio of 1.03. The business’s 50-day simple moving average is $70.67 and its 200-day simple moving average is $55.66. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $83.94. The firm has a market cap of $24.94 billion, a P/E ratio of -31.14, a PEG ratio of 0.26 and a beta of 0.32.

LyondellBasell Industries (NYSE:LYB) last released its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $7.53 billion. During the same quarter last year, the company earned $0.33 earnings per share. The firm’s revenue was down 6.3% on a year-over-year basis. As a group, analysts predict that LyondellBasell Industries will post 5.44 earnings per share for the current fiscal year.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’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 transaction 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. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Large investors have recently added to or reduced their stakes in the company. Stance Capital LLC acquired a new stake in LyondellBasell Industries in the 3rd quarter valued at approximately $27,000. Quent Capital LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at approximately $29,000. Clearstead Advisors LLC lifted its position in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. ORG Partners LLC increased its stake in shares of LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock worth $30,000 after purchasing an additional 624 shares during the period. Finally, United Community Bank increased its stake in shares of LyondellBasell Industries by 83.2% during the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 283 shares during the period. 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.