UBS Group Upgrades LyondellBasell Industries (NYSE:LYB) to Neutral

LyondellBasell Industries (NYSE:LYB) was upgraded by analysts at UBS Group from a “sell” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $73.00 price target on the specialty chemicals company’s stock, up from their prior price target of $42.00. UBS Group’s price objective points to a potential downside of 2.22% from the company’s current price.

Other equities analysts also recently issued reports about the company. Bank of America cut 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. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective on the stock in a report on Wednesday, March 4th. Royal Bank Of Canada upgraded LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $51.00 to $82.00 in a research report on Monday, March 9th. Mizuho boosted their target price on shares of LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 30th. Finally, Jefferies Financial Group upped their price target on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the stock a “hold” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $64.44.

LyondellBasell Industries Trading Down 0.7%

Shares of LyondellBasell Industries stock opened at $74.66 on Wednesday. The firm has a market cap of $24.05 billion, a price-to-earnings ratio of -32.04, a price-to-earnings-growth ratio of 0.64 and a beta of 0.64. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $77.36. The company’s 50-day simple moving average is $57.59 and its 200-day simple moving average is $50.73. 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 announced its quarterly earnings data on Friday, January 30th. The specialty chemicals company reported ($0.26) 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 4.93%. The firm had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous 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, equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors have recently made changes to their positions in LYB. Vanguard Group Inc. boosted its stake in shares of LyondellBasell Industries by 0.3% during the third quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock valued at $1,518,546,000 after acquiring an additional 84,251 shares during the last quarter. Dodge & Cox raised its stake in LyondellBasell Industries by 0.4% in the 2nd quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock valued at $981,884,000 after purchasing an additional 73,965 shares during the last quarter. State Street Corp lifted its holdings in LyondellBasell Industries by 2.7% in the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after purchasing an additional 361,761 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after purchasing an additional 399,130 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of LyondellBasell Industries by 0.4% during the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after purchasing an additional 36,187 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.