LyondellBasell Industries (NYSE:LYB) Hits New 12-Month High on Analyst Upgrade

LyondellBasell Industries N.V. (NYSE:LYB) shares hit a new 52-week high during mid-day trading on Tuesday after UBS Group raised their price target on the stock from $73.00 to $79.00. UBS Group currently has a neutral rating on the stock. LyondellBasell Industries traded as high as $83.86 and last traded at $82.4840, with a volume of 8203950 shares traded. The stock had previously closed at $80.45.

Other equities research analysts have also issued reports about the stock. Mizuho boosted their price objective on shares of LyondellBasell Industries from $62.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, March 23rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of LyondellBasell Industries from $52.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, March 19th. Zacks Research upgraded shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Fermium Researc raised shares of LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 9th. Finally, Jefferies Financial Group raised their price objective on LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, LyondellBasell Industries presently has an average rating of “Hold” and an average target price of $66.89.

Insider Activity

In related 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 value of $26,199,255.24. Following the transaction, the insider directly owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds have recently modified their holdings of the company. Capital A Wealth Management LLC grew its stake in shares of LyondellBasell Industries by 6,314.3% in the second quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 442 shares during the last quarter. Parvin Asset Management LLC bought a new position in LyondellBasell Industries during the 2nd quarter valued at approximately $26,000. Stance Capital LLC purchased a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $27,000. Quent Capital LLC bought a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $29,000. Finally, United Community Bank grew its position in shares of LyondellBasell Industries by 83.2% in the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock worth $31,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Stock Down 5.0%

The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The stock has a market capitalization of $24.65 billion, a PE ratio of -32.83, a PEG ratio of 0.46 and a beta of 0.39. The company has a 50 day moving average price of $62.49 and a 200-day moving average price of $52.10.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) EPS for the quarter. The business had revenue of $7.09 billion during the quarter. LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%. As a group, analysts forecast that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current fiscal year.

LyondellBasell Industries Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.69 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.6%. 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.