Wolfe Research Lowers LyondellBasell Industries (NYSE:LYB) Price Target to $39.00

LyondellBasell Industries (NYSE:LYB) had its price target decreased by stock analysts at Wolfe Research from $40.00 to $39.00 in a report released on Friday,MarketScreener reports. The firm presently has an “underperform” rating on the specialty chemicals company’s stock. Wolfe Research’s price objective suggests a potential downside of 23.44% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Evercore ISI decreased their price target on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Bank of America decreased their price objective on LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Wall Street Zen cut LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Alembic Global Advisors raised LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. Finally, Zacks Research upgraded LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $52.42.

LyondellBasell Industries Stock Performance

NYSE LYB opened at $50.94 on Friday. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $79.39. The firm has a market capitalization of $16.40 billion, a price-to-earnings ratio of -13.58 and a beta of 0.70. The company’s fifty day moving average is $45.17 and its two-hundred day moving average is $50.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.88 earnings per share. Equities research analysts forecast that LyondellBasell Industries will post 6.31 EPS for the current year.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley acquired 5,661 shares of LyondellBasell Industries stock in a transaction dated Wednesday, November 12th. The stock was bought at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the purchase, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This represents a 9.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Institutional Trading of LyondellBasell Industries

Several institutional investors and hedge funds have recently bought and sold shares of LYB. Norges Bank bought a new position in LyondellBasell Industries during the second quarter worth $280,000,000. Soundwatch Capital LLC acquired a new stake in shares of LyondellBasell Industries during the 2nd quarter worth about $268,123,000. Capital Research Global Investors boosted its holdings in shares of LyondellBasell Industries by 470.1% during the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after buying an additional 3,619,468 shares during the period. Capital World Investors grew its stake in LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after buying an additional 1,135,258 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in LyondellBasell Industries by 67.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock valued at $79,438,000 after acquiring an additional 553,081 shares during the period. 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.