Wells Fargo & Company Forecasts Strong Price Appreciation for LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB) had its price objective boosted by analysts at Wells Fargo & Company from $45.00 to $48.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the specialty chemicals company’s stock. Wells Fargo & Company‘s price target would indicate a potential downside of 2.58% from the stock’s current price.

A number of other brokerages have also recently issued reports on LYB. Fermium Researc cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. Citigroup increased their price objective on LyondellBasell Industries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Thursday, January 15th. Bank of America dropped their target price on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Evercore ISI decreased their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. Two research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $52.79.

LyondellBasell Industries Trading Up 0.6%

NYSE:LYB traded up $0.27 on Monday, reaching $49.27. 1,765,220 shares of the company’s stock were exchanged, compared to its average volume of 6,249,036. The business has a fifty day moving average of $46.49 and a 200-day moving average of $49.58. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $78.96. The firm has a market capitalization of $15.86 billion, a price-to-earnings ratio of -21.15 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last posted 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 4.94%. The company had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period in the prior year, the business earned $0.75 EPS. LyondellBasell Industries’s revenue for the quarter was down 9.2% on a year-over-year basis. As a group, analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity at LyondellBasell Industries

In related news, EVP Kimberly A. Foley acquired 5,661 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, November 12th. The stock was acquired at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares of the company’s stock, valued at $2,948,489.28. This trade represents a 9.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. New York Life Investment Management LLC boosted its holdings in LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after purchasing an additional 193 shares during the period. State of Michigan Retirement System increased its holdings in LyondellBasell Industries by 0.3% during the 2nd quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after purchasing an additional 200 shares in the last quarter. Cooper Financial Group lifted its position in LyondellBasell Industries by 4.3% during the 3rd quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock worth $252,000 after buying an additional 211 shares in the last quarter. Capital Investment Advisory Services LLC grew its stake in shares of LyondellBasell Industries by 2.5% during the third quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock valued at $458,000 after purchasing an additional 226 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its position in LyondellBasell Industries by 1.4% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock valued at $884,000 after buying an additional 241 shares during the last quarter. 71.20% of the stock is owned by institutional investors and hedge funds.

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.