UBS Group Lowers LyondellBasell Industries (NYSE:LYB) Price Target to $73.00

LyondellBasell Industries (NYSE:LYB) had its target price dropped by investment analysts at UBS Group from $82.00 to $73.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has a “neutral” rating on the specialty chemicals company’s stock. UBS Group’s price objective points to a potential upside of 11.60% from the company’s current price.

Other equities analysts have also issued reports about the company. Citigroup dropped their price target on LyondellBasell Industries from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Wall Street Zen raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Weiss Ratings upgraded LyondellBasell Industries from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, May 19th. Deutsche Bank Aktiengesellschaft raised their target price on shares of LyondellBasell Industries from $75.00 to $80.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Finally, Wells Fargo & Company upgraded shares of LyondellBasell Industries from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $98.00 in a research report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $76.71.

LyondellBasell Industries Price Performance

NYSE LYB traded down $0.77 on Friday, reaching $65.41. The company had a trading volume of 366,124 shares, compared to its average volume of 7,155,895. The stock has a market capitalization of $21.11 billion, a PE ratio of -26.24, a price-to-earnings-growth ratio of 0.16 and a beta of 0.28. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $83.94. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. The firm’s 50 day moving average price is $73.02 and its 200 day moving average price is $59.79.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data 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 negative net margin of 2.68% and a positive return on equity of 5.68%. The business had revenue of $7.20 billion during the quarter, compared to the consensus estimate of $7.53 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s revenue was down 6.3% on a year-over-year basis. As a group, equities analysts predict that LyondellBasell Industries will post 8.73 earnings per share for the current year.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the sale, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Stance Capital LLC bought a new stake in LyondellBasell Industries during the 3rd quarter valued at about $27,000. Clearstead Advisors LLC grew its stake in LyondellBasell Industries by 140.3% in the 4th quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company’s stock worth $29,000 after acquiring an additional 390 shares in the last quarter. ORG Partners LLC increased its position 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 worth $30,000 after acquiring an additional 624 shares during the period. Quarry LP purchased a new position in shares of LyondellBasell Industries during the third quarter worth approximately $31,000. Finally, Key Capital Management INC bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at approximately $34,000. 71.20% of the stock is currently owned by 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.