LyondellBasell Industries (NYSE:LYB) Raised to “Buy” at Wall Street Zen

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

A number of other research analysts also recently commented on LYB. Zacks Research downgraded LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 1st. Mizuho lifted their price objective on LyondellBasell Industries from $62.00 to $66.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Citigroup cut their target price on LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a research report on Wednesday, June 24th. UBS Group raised their price target on shares of LyondellBasell Industries from $56.00 to $64.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Evercore lifted their price target on shares of LyondellBasell Industries from $70.00 to $73.00 in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.56.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $59.50 on Friday. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $83.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. The firm has a market capitalization of $19.22 billion, a P/E ratio of -52.65, a P/E/G ratio of 0.16 and a beta of 0.31. The company’s fifty day moving average price is $59.71 and its two-hundred day moving average price is $64.22.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a negative net margin of 1.13% and a positive return on equity of 17.44%. The company had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same period in the prior year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts anticipate that LyondellBasell Industries will post 9.39 earnings per share for the current fiscal year.

Institutional Trading of LyondellBasell Industries

Several hedge funds have recently bought and sold shares of LYB. BlackRock Inc. increased its stake in shares of LyondellBasell Industries by 16.7% in the second quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock valued at $1,542,585,000 after purchasing an additional 4,185,571 shares during the period. State Street Corp grew 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 worth $586,486,000 after buying an additional 361,761 shares in the last quarter. Charles Schwab Investment Management Inc. grew 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 worth $437,420,000 after buying an additional 399,130 shares in the last quarter. Capital World Investors increased its position in LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after acquiring an additional 36,187 shares during the period. Finally, Capital Research Global Investors increased its position in LyondellBasell Industries by 108.7% in the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after acquiring an additional 4,770,260 shares during the period. 71.20% of the stock is currently owned by institutional investors.

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.