LyondellBasell Industries (NYSE:LYB) Trading Up 8.3% After Analyst Upgrade

LyondellBasell Industries N.V. (NYSE:LYB)’s share price was up 8.3% during trading on Tuesday after Royal Bank Of Canada raised their price target on the stock from $49.00 to $51.00. Royal Bank Of Canada currently has a sector perform rating on the stock. LyondellBasell Industries traded as high as $54.53 and last traded at $54.4120. Approximately 4,297,187 shares traded hands during trading, a decline of 34% from the average daily volume of 6,559,671 shares. The stock had previously closed at $50.25.

Other research analysts also recently issued reports about the company. Bank of America reduced their target price on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Wolfe Research cut their price target on LyondellBasell Industries from $40.00 to $39.00 and set an “underperform” rating for the company in a report on Friday, January 16th. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Alembic Global Advisors raised shares of LyondellBasell Industries to a “hold” rating in a research report on Monday, October 20th. Finally, Wells Fargo & Company raised their target price 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. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $51.28.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $43.56 per share, with a total value of $246,593.16. Following the completion of the transaction, the executive vice president owned 67,688 shares in the company, valued at $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 Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LYB. MTM Investment Management LLC acquired a new stake in LyondellBasell Industries during the second quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new position in LyondellBasell Industries in the 2nd quarter valued at $26,000. Capital A Wealth Management LLC lifted its position in shares of LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 442 shares during the period. Stance Capital LLC acquired a new stake in shares of LyondellBasell Industries during the 3rd quarter worth $27,000. Finally, EMC Capital Management bought a new position in shares of LyondellBasell Industries in the second quarter worth $29,000. 71.20% of the stock is owned by institutional investors.

LyondellBasell Industries Stock Performance

The firm has a market cap of $18.41 billion, a price-to-earnings ratio of -24.54, a P/E/G ratio of 0.35 and a beta of 0.70. The stock has a 50 day moving average of $46.89 and a 200 day moving average of $49.47. 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 (NYSE:LYB) last released its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm 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%. LyondellBasell Industries’s quarterly revenue was down 9.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. As a group, analysts anticipate that LyondellBasell Industries N.V. will post 6.31 EPS for the current fiscal year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, December 1st were paid a $1.37 dividend. This represents a $5.48 dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is -235.19%.

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.