Deutsche Bank Aktiengesellschaft Increases LyondellBasell Industries (NYSE:LYB) Price Target to $80.00

LyondellBasell Industries (NYSE:LYB) had its target price boosted by research analysts at Deutsche Bank Aktiengesellschaft from $75.00 to $80.00 in a research note issued on Tuesday,MarketScreener reports. The brokerage presently has a “hold” rating on the specialty chemicals company’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 3.54% from the stock’s current price.

LYB has been the subject of several other reports. Morgan Stanley increased their price objective on shares of LyondellBasell Industries from $52.00 to $77.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. UBS Group boosted their price objective on shares of LyondellBasell Industries from $79.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Tuesday, April 21st. Wells Fargo & Company increased their price objective on LyondellBasell Industries from $70.00 to $87.00 and gave the company an “equal weight” rating in a report on Monday, March 30th. Finally, Royal Bank Of Canada increased their price target on shares of LyondellBasell Industries from $91.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average price target of $76.59.

LyondellBasell Industries Trading Up 1.6%

Shares of NYSE:LYB traded up $1.23 on Tuesday, hitting $77.27. 485,919 shares of the company’s stock were exchanged, compared to its average volume of 7,705,665. The business’s 50 day simple moving average is $70.67 and its two-hundred day simple moving average is $55.66. The stock has a market capitalization of $24.94 billion, a price-to-earnings ratio of -31.14, a price-to-earnings-growth ratio of 0.26 and a beta of 0.32. 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 1.12, a current ratio of 1.54 and a quick ratio of 1.03.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a negative net margin of 2.68% and a positive return on equity of 5.68%. The company had revenue of $7.20 billion for the quarter, compared to analyst estimates of $7.53 billion. During the same period last year, the company posted $0.33 earnings per share. LyondellBasell Industries’s revenue was down 6.3% compared to the same quarter last year. Analysts anticipate that LyondellBasell Industries will post 5.44 EPS for the current fiscal 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 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 directly owned 5,270,918 shares of the company’s stock, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of LyondellBasell Industries by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after purchasing an additional 84,251 shares in the last quarter. State Street Corp increased its position in shares of LyondellBasell Industries by 2.7% during the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after purchasing an additional 361,761 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of LyondellBasell Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after buying an additional 399,130 shares during the last quarter. Capital World Investors boosted its holdings in LyondellBasell Industries by 0.4% during 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 raised its position in LyondellBasell Industries by 108.7% during 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 purchasing an additional 4,770,260 shares in the last quarter. Hedge funds and other institutional investors 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.