UBS Group Issues Pessimistic Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price target cut by equities researchers at UBS Group from $82.00 to $73.00 in a note issued to investors on Friday,MarketScreener reports. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price target would suggest a potential upside of 11.60% from the stock’s current price.

LYB has been the subject of several other research reports. 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. The Goldman Sachs Group lifted their price objective on shares of LyondellBasell Industries from $51.00 to $75.00 and gave the company a “sell” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on shares of LyondellBasell Industries from $50.00 to $75.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Weiss Ratings upgraded LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 19th. Finally, Wall Street Zen raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $76.71.

LyondellBasell Industries Stock Down 1.2%

Shares of LyondellBasell Industries stock traded down $0.77 during trading on Friday, hitting $65.41. 366,124 shares of the stock traded hands, compared to its average volume of 7,155,895. The company has a current ratio of 1.54, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $73.02 and its 200 day simple moving average is $59.79. The firm has a market cap of $21.11 billion, a P/E ratio of -26.24, a price-to-earnings-growth ratio of 0.16 and a beta of 0.28. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.18. The company had revenue of $7.20 billion during the quarter, compared to analyst estimates of $7.53 billion. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The firm’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, equities analysts predict that LyondellBasell Industries will post 8.73 earnings per share for the current fiscal year.

Insider Activity at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were 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 $359,107,643.34. This trade represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LYB. Stance Capital LLC purchased a new position in shares of LyondellBasell Industries in the third quarter worth $27,000. Clearstead Advisors LLC grew its holdings in shares of LyondellBasell Industries by 140.3% during the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after buying an additional 390 shares during the last quarter. ORG Partners LLC grew its holdings in shares of LyondellBasell Industries by 960.0% during the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after buying an additional 624 shares during the last quarter. Quarry LP acquired a new position in shares of LyondellBasell Industries in the 3rd quarter valued at $31,000. Finally, Key Capital Management INC purchased a new position in LyondellBasell Industries in the 4th quarter worth $34,000. Institutional investors and hedge funds 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.