Wall Street Zen Upgrades LyondellBasell Industries (NYSE:LYB) to Hold

LyondellBasell Industries (NYSE:LYB) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other equities research analysts have also weighed in on the company. KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective for the company in a report on Wednesday, March 4th. Bank of America dropped their price objective on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. UBS Group raised shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and boosted their price target for the company from $42.00 to $73.00 in a research report on Wednesday, March 18th. Finally, Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $64.44.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $73.30 on Friday. The business’s 50 day simple moving average is $58.08 and its 200 day simple moving average is $50.78. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $77.36. The company has a market cap of $23.62 billion, a price-to-earnings ratio of -31.46, a PEG ratio of 0.42 and a beta of 0.64. The company has a current ratio of 1.77, a quick ratio of 1.20 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) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The business’s quarterly revenue was down 9.2% compared to the same quarter last year. Sell-side analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 large investors have recently added to or reduced their stakes in the company. Capital A Wealth Management LLC boosted its holdings in shares of LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of LyondellBasell Industries during the 2nd quarter valued at about $26,000. Vermillion & White Wealth Management Group LLC lifted its position in LyondellBasell Industries by 97.8% in the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 534 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 264 shares during the last quarter. Stance Capital LLC bought a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $27,000. Finally, Quent Capital LLC purchased a new stake in LyondellBasell Industries in the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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.