LyondellBasell Industries (NYSE:LYB) Price Target Raised to $49.00 at Citigroup

LyondellBasell Industries (NYSE:LYB) had its price objective hoisted by investment analysts at Citigroup from $46.00 to $49.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s target price suggests a potential downside of 9.03% from the stock’s previous close.

Several other research analysts have also commented on the stock. Wolfe Research reduced their price objective on shares of LyondellBasell Industries from $40.00 to $39.00 and set an “underperform” rating for the company in a research note on Friday, January 16th. The Goldman Sachs Group restated a “sell” rating on shares of LyondellBasell Industries in a research note on Monday. UBS Group reduced their price objective on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday, December 23rd. Bank of America decreased their target price 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. Finally, Mizuho lifted their price objective on LyondellBasell Industries from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $53.05.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded up $3.61 during midday trading on Tuesday, reaching $53.86. 3,573,075 shares of the company’s stock traded hands, compared to its average volume of 6,495,452. The stock has a 50 day moving average of $46.59 and a 200 day moving average of $49.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The company has a market cap of $17.34 billion, a price-to-earnings ratio of -23.21 and a beta of 0.70. LyondellBasell Industries has a one year low of $41.58 and a one year high of $78.96.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). The business had revenue of $7.09 billion for the quarter, compared to analysts’ expectations of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Kimberly A. Foley bought 5,661 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the acquisition, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP grew its position in LyondellBasell Industries by 40.4% during the first quarter. Woodline Partners LP now owns 21,899 shares of the specialty chemicals company’s stock valued at $1,542,000 after purchasing an additional 6,297 shares in the last quarter. Focus Partners Wealth boosted its stake in LyondellBasell Industries by 35.4% during the 1st quarter. Focus Partners Wealth now owns 6,866 shares of the specialty chemicals company’s stock valued at $483,000 after purchasing an additional 1,796 shares during the period. Hilltop National Bank bought a new stake in shares of LyondellBasell Industries in the second quarter valued at approximately $29,000. Wealthcare Advisory Partners LLC bought a new stake in shares of LyondellBasell Industries during the second quarter valued at approximately $284,000. Finally, Valeo Financial Advisors LLC lifted its position in shares of LyondellBasell Industries by 41.4% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,834 shares of the specialty chemicals company’s stock worth $280,000 after buying an additional 1,415 shares during the period. Institutional investors and hedge funds 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.