LyondellBasell Industries (NYSE:LYB) Price Target Raised to $82.00 at BMO Capital Markets

LyondellBasell Industries (NYSE:LYB) had its price objective boosted by BMO Capital Markets from $68.00 to $82.00 in a report published on Monday,MarketScreener reports. The brokerage currently has a market perform rating on the specialty chemicals company’s stock.

Several other brokerages have also issued reports on LYB. Deutsche Bank Aktiengesellschaft increased their target price on LyondellBasell Industries from $52.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, March 19th. Wells Fargo & Company increased their target price on LyondellBasell Industries from $70.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Monday, March 30th. Bank of America reissued an “underperform” rating and issued a $55.00 target price on shares of LyondellBasell Industries in a research report on Monday, April 6th. Vertical Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, March 9th. Finally, KeyCorp raised LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 target price for the company in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $69.44.

LyondellBasell Industries Trading Down 2.6%

LYB opened at $73.56 on Monday. LyondellBasell Industries has a one year low of $41.58 and a one year high of $83.94. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of -31.54, a PEG ratio of 0.31 and a beta of 0.40. The business has a 50 day simple moving average of $66.70 and a two-hundred day simple moving average of $53.51. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last announced its 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. Analysts predict that LyondellBasell Industries will post 6.31 EPS for the current 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 paid a $0.69 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.8%. LyondellBasell Industries’s dividend payout ratio is presently -118.45%.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company’s stock in a transaction that occurred 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 represents a 6.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Trading of LyondellBasell Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Research Global Investors boosted its stake 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 during the last quarter. AQR Capital Management LLC boosted its stake in LyondellBasell Industries by 512.9% during the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares during the last quarter. Morgan Stanley boosted its stake in LyondellBasell Industries by 16.9% during the 4th quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company’s stock valued at $388,476,000 after purchasing an additional 1,300,271 shares during the last quarter. Finally, Norges Bank purchased a new stake in LyondellBasell Industries during the 4th quarter valued at $52,210,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.

About LyondellBasell Industries

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.