LyondellBasell Industries (NYSE:LYB) Given New $75.00 Price Target at JPMorgan Chase & Co.

LyondellBasell Industries (NYSE:LYB) had its target price upped by equities research analysts at JPMorgan Chase & Co. from $50.00 to $75.00 in a note issued to investors on Monday,MarketScreener reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 1.23% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Wall Street Zen raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets upped their target price on LyondellBasell Industries from $68.00 to $82.00 and gave the stock a “market perform” rating in a research report on Monday, April 13th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, March 9th. KeyCorp upgraded shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a research note on Wednesday, March 4th. Finally, Bank of America restated an “underperform” rating and set a $55.00 price objective on shares of LyondellBasell Industries in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $74.76.

LyondellBasell Industries Trading Down 1.2%

LYB opened at $74.09 on Monday. The company has a fifty day moving average price of $70.67 and a two-hundred day moving average price of $55.66. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $83.94. The company has a market cap of $23.91 billion, a P/E ratio of -29.87, a price-to-earnings-growth ratio of 0.26 and a beta of 0.32. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The company had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same period last year, the business posted $0.33 EPS. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. Analysts predict that LyondellBasell Industries will post 5.44 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’s stock in a transaction on Monday, March 9th. The stock was 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 owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. This represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Hedge Funds Weigh In On LyondellBasell Industries

A number of hedge funds have recently bought and sold shares of LYB. Castleview Partners LLC grew its stake in shares of LyondellBasell Industries by 34.9% in the 1st quarter. Castleview Partners LLC now owns 6,980 shares of the specialty chemicals company’s stock worth $562,000 after acquiring an additional 1,806 shares in the last quarter. Citizens Financial Group Inc. RI bought a new position in shares of LyondellBasell Industries during the first quarter valued at about $271,000. Fifth Third Bancorp boosted its holdings in LyondellBasell Industries by 21.2% during the first quarter. Fifth Third Bancorp now owns 31,503 shares of the specialty chemicals company’s stock worth $2,538,000 after purchasing an additional 5,501 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in LyondellBasell Industries by 257.7% during the first quarter. Hsbc Holdings PLC now owns 446,642 shares of the specialty chemicals company’s stock worth $36,033,000 after purchasing an additional 321,782 shares during the last quarter. Finally, Waterfront Wealth Inc. bought a new stake in LyondellBasell Industries in the 1st quarter worth about $1,118,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

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.