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

LyondellBasell Industries (NYSE:LYB) had its price target lifted by investment analysts at Citigroup from $46.00 to $49.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s target price would indicate a potential downside of 14.32% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the stock. JPMorgan Chase & Co. decreased 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. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research note on Wednesday, January 7th. Wells Fargo & Company boosted their price objective on shares of LyondellBasell Industries from $45.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Monday. KeyCorp reaffirmed a “sector weight” rating on shares of LyondellBasell Industries in a report on Monday. Finally, Alembic Global Advisors upgraded LyondellBasell Industries to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of “Reduce” and a consensus target price of $51.28.

LyondellBasell Industries Price Performance

NYSE:LYB opened at $57.19 on Tuesday. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $78.52. The company has a market cap of $18.41 billion, a P/E ratio of -24.54, a P/E/G ratio of 0.35 and a beta of 0.70. 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’s 50-day simple moving average is $46.89 and its 200 day simple moving average is $49.47.

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

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction dated Wednesday, November 12th. The shares were bought at an average price 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 in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. New York Life Investment Management LLC increased 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 buying an additional 193 shares during the period. State of Michigan Retirement System increased 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 acquiring an additional 200 shares during the last quarter. Cooper Financial Group raised its position in LyondellBasell Industries by 4.3% during the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after purchasing an additional 211 shares in the last quarter. Capital Investment Advisory Services LLC lifted 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 purchasing an additional 226 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC boosted its holdings in shares of 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 purchasing an additional 241 shares in the last quarter. 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.