Citigroup Forecasts Strong Price Appreciation for LyondellBasell Industries (NYSE:LYB) Stock

LyondellBasell Industries (NYSE:LYB) had its target price lifted by research analysts at Citigroup from $76.00 to $90.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. Citigroup’s target price suggests a potential upside of 28.23% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. The Goldman Sachs Group restated a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. UBS Group raised their target price on shares of LyondellBasell Industries from $73.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, March 26th. Jefferies Financial Group increased their price objective on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a research report on Tuesday, March 10th. Wolfe Research dropped their price target on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a report on Monday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on LyondellBasell Industries from $52.00 to $75.00 and gave the stock a “hold” rating in a report on Thursday, March 19th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, thirteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $68.17.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock traded down $10.08 during mid-day trading on Wednesday, hitting $70.19. 1,862,617 shares of the company were exchanged, compared to its average volume of 7,867,043. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The business has a fifty day moving average of $64.77 and a 200 day moving average of $52.85. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a market capitalization of $22.61 billion, a PE ratio of -30.03, a price-to-earnings-growth ratio of 0.46 and a beta of 0.40.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. The company had revenue of $7.09 billion for the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, sell-side analysts expect that LyondellBasell Industries will post 6.31 earnings per share 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 dated 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 completion of the transaction, the insider directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. This trade represents 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 Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Woodline Partners LP grew its holdings in shares of LyondellBasell Industries by 40.4% during the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after buying an additional 6,297 shares during the last quarter. Focus Partners Wealth boosted its holdings in LyondellBasell Industries by 35.4% during the first quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock worth $483,000 after purchasing an additional 1,796 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in LyondellBasell Industries by 159.3% during the second quarter. EverSource Wealth Advisors LLC now owns 5,251 shares of the specialty chemicals company’s stock worth $304,000 after purchasing an additional 3,226 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in LyondellBasell Industries by 69.5% during the second quarter. Baird Financial Group Inc. now owns 29,488 shares of the specialty chemicals company’s stock worth $1,706,000 after purchasing an additional 12,087 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in LyondellBasell Industries by 13.9% during the second quarter. Cerity Partners LLC now owns 49,348 shares of the specialty chemicals company’s stock worth $2,855,000 after purchasing an additional 6,032 shares during 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.