LyondellBasell Industries N.V. (NYSE:LYB) Receives $68.67 Average PT from Analysts

LyondellBasell Industries N.V. (NYSE:LYB) has been assigned an average rating of “Hold” from the twenty-three research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $71.0556.

A number of research analysts recently issued reports on the stock. Wolfe Research lifted their price target on shares of LyondellBasell Industries from $38.00 to $62.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group restated a “sell” rating on shares of LyondellBasell Industries in a research report on Monday, February 2nd. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, March 9th. Royal Bank Of Canada boosted their price objective on shares of LyondellBasell Industries from $82.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Finally, Jefferies Financial Group boosted their price objective on shares of LyondellBasell Industries from $70.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, April 16th.

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’s stock in a transaction that occurred 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 owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently modified their holdings of the stock. Capital A Wealth Management LLC raised its position in 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 valued at $26,000 after purchasing an additional 442 shares during the last quarter. Stance Capital LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at $27,000. Quent Capital LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter valued at $29,000. Clearstead Advisors LLC raised its position in LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock valued at $29,000 after purchasing an additional 390 shares during the last quarter. Finally, ORG Partners LLC raised its position in LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after purchasing an additional 624 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Up 0.5%

LyondellBasell Industries stock traded up $0.35 during trading on Tuesday, reaching $68.93. The stock had a trading volume of 926,890 shares, compared to its average volume of 7,885,808. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $83.94. The business has a 50 day moving average price of $68.33 and a 200 day moving average price of $54.30. 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 stock has a market cap of $22.25 billion, a PE ratio of -29.60, a P/E/G ratio of 0.27 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. 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. On average, analysts predict that LyondellBasell Industries will post 4.62 EPS for the current year.

LyondellBasell Industries Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Monday, March 2nd. LyondellBasell Industries’s payout ratio is currently -118.45%.

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.