LyondellBasell Industries (NYSE:LYB) Price Target Raised to $70.00 at Wells Fargo & Company

LyondellBasell Industries (NYSE:LYB) had its price target boosted by Wells Fargo & Company from $48.00 to $70.00 in a research report report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the specialty chemicals company’s stock.

Other research analysts have also issued research reports about the company. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $76.00 in a research report on Thursday. Fermium Researc raised LyondellBasell Industries from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 9th. Weiss Ratings restated a “sell (d+)” rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. Zacks Research raised shares of LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 2nd. Finally, Royal Bank Of Canada upgraded shares of LyondellBasell Industries from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from $51.00 to $82.00 in a research note on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $61.28.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $72.28 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. LyondellBasell Industries has a one year low of $41.58 and a one year high of $75.62. The company’s 50-day simple moving average is $55.43 and its 200-day simple moving average is $50.26. The stock has a market capitalization of $23.29 billion, a price-to-earnings ratio of -31.02, a PEG ratio of 0.63 and a beta of 0.64.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly 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). 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, compared to analyst estimates of $6.82 billion. During the same quarter last year, the business posted $0.75 earnings per share. The firm’s revenue for the quarter was down 9.2% on a year-over-year basis. Equities analysts anticipate that LyondellBasell Industries 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 issued a $0.69 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.76 annualized dividend and a dividend yield of 3.8%. LyondellBasell Industries’s dividend payout ratio (DPR) is -118.45%.

Insider Transactions at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the business’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 transaction of $26,199,255.24. Following the completion of the transaction, the insider owned 5,270,918 shares in the company, valued at $359,107,643.34. The trade was a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of LyondellBasell Industries by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after acquiring an additional 84,251 shares during the period. Dodge & Cox lifted its position in LyondellBasell Industries by 0.4% in the 2nd quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock valued at $981,884,000 after purchasing an additional 73,965 shares during the last quarter. State Street Corp boosted its stake in LyondellBasell Industries by 2.7% during the 4th quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after purchasing an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. grew its position in LyondellBasell Industries by 4.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock worth $437,420,000 after purchasing an additional 399,130 shares during the last quarter. Finally, Capital World Investors grew its position in LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock worth $426,242,000 after purchasing an additional 36,187 shares during the last quarter. 71.20% of the stock is currently owned by institutional investors.

Key Stories Impacting LyondellBasell Industries

Here are the key news stories impacting LyondellBasell Industries this week:

• Positive Sentiment: Analyst upgrades and supply‑tightening narrative lifted sentiment — multiple brokers (KeyBanc, RBC, Jefferies) have upgraded LYB this month, arguing the company could benefit from tighter global petrochemical supplies and recovering polyolefins margins; that thesis drove recent rallies. Quiver Quantitative analysis
• Positive Sentiment: Geopolitical risks (Middle East) are being priced as a potential tailwind for U.S. Gulf‑Coast chemical producers, including LYB, supporting expectations for stronger pricing and spreads. Invezz article
• Positive Sentiment: Broker optimism persists in places — recent coverage highlights upside potential (Jefferies and others have bullish forecasts), which can sustain a re‑rating if spreads firm. American Banking News
• Neutral Sentiment: Wells Fargo raised its price target to $70 from $48 but kept an “equal‑weight” rating — the higher target narrows the disconnect with the market but its stance signals a hold/limited‑upside view that can cap further rallies. Benzinga
• Neutral Sentiment: Coverage highlighting LYB as a potential dividend play despite prior payout cuts may attract income‑seeking flows, but those buyers may be cautious until margins stabilize. Barron’s
• Negative Sentiment: Unusual options activity: investors bought ~11,852 put contracts (≈34% above average), suggesting increased hedging or bearish speculation after the recent run. (No article link provided in the feed.)
• Negative Sentiment: Fundamentals/headwinds: LYB missed Q4 EPS expectations in late January and reported year‑over‑year revenue declines; until spreads and volumes recover, earnings risk remains a downside catalyst.

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.