LyondellBasell Industries (NYSE:LYB) Price Target Raised to $82.00

LyondellBasell Industries (NYSE:LYB) had its price target boosted by stock analysts at BMO Capital Markets from $68.00 to $82.00 in a research note issued to investors on Monday,MarketScreener reports. The brokerage presently has a “market perform” rating on the specialty chemicals company’s stock. BMO Capital Markets’ target price points to a potential upside of 11.93% from the stock’s current price.

A number of other equities research analysts have also issued reports on LYB. Wells Fargo & Company increased their target price on LyondellBasell Industries from $70.00 to $87.00 and gave the company an “equal weight” rating in a research note on Monday, March 30th. KeyCorp upgraded LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target for the company in a report on Wednesday, March 4th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of LyondellBasell Industries in a research report on Thursday, January 22nd. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Monday, March 9th. Finally, Jefferies Financial Group raised their price target on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, March 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $69.44.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $73.26 on Monday. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20. The company has a market cap of $23.60 billion, a PE ratio of -31.27, a P/E/G ratio of 0.31 and a beta of 0.40. The company’s fifty day simple moving average is $66.70 and its 200-day simple moving average is $53.51. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $83.94.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The company had revenue of $7.09 billion during the quarter. As a group, equities research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

Insider Buying and Selling at LyondellBasell Industries

In related news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction on Monday, March 9th. The shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the sale, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

Institutional investors have recently modified their holdings of the stock. Stance Capital LLC bought a new stake in LyondellBasell Industries in the third quarter valued at about $27,000. Quent Capital LLC acquired a new position in shares of LyondellBasell Industries in the 3rd quarter worth approximately $29,000. Clearstead Advisors LLC grew its position in shares of 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 holdings in shares of LyondellBasell Industries by 960.0% in the 4th quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company’s stock valued at $30,000 after acquiring an additional 624 shares during the last quarter. Finally, United Community Bank raised its position in shares of LyondellBasell Industries by 83.2% during the 3rd quarter. United Community Bank now owns 623 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds 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.