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

LyondellBasell Industries (NYSE:LYB) had its price target lifted by equities researchers at Wells Fargo & Company from $45.00 to $48.00 in a report released 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 10.27% from the company’s current price.

A number of other research firms have also recently commented on LYB. Bank of America reduced their price objective on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. JPMorgan Chase & Co. cut their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating for the company in a research note on Monday, November 3rd. UBS Group reduced their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a report on Tuesday, December 23rd. Fermium Researc cut shares of LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Finally, The Goldman Sachs Group cut their price objective on shares of LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating for the company in a research report on Friday, October 17th. One analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $51.28.

LyondellBasell Industries Trading Up 6.5%

LyondellBasell Industries stock opened at $53.50 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The stock has a 50-day simple moving average of $46.72 and a 200 day simple moving average of $49.42. The stock has a market capitalization of $17.22 billion, a P/E ratio of -22.96 and a beta of 0.70. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $78.96.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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). The business had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The business’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Transactions at LyondellBasell Industries

In related news, EVP Kimberly A. Foley acquired 5,661 shares of the stock in a transaction on Wednesday, November 12th. The shares were purchased at an average price of $43.56 per share, for a total transaction of $246,593.16. Following the purchase, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LYB. New York Life Investment Management LLC increased its stake in shares of 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 last quarter. State of Michigan Retirement System boosted its stake in LyondellBasell Industries by 0.3% in the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock valued at $4,523,000 after buying an additional 200 shares in the last quarter. Cooper Financial Group grew its position in LyondellBasell Industries by 4.3% in the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after acquiring an additional 211 shares during the last quarter. Capital Investment Advisory Services LLC raised its stake in 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 worth $458,000 after acquiring an additional 226 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 1.4% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after acquiring an additional 241 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors and hedge funds.

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.