Royal Bank Of Canada Issues Positive Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its target price hoisted by equities research analysts at Royal Bank Of Canada from $49.00 to $51.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target suggests a potential downside of 5.32% from the company’s previous close.

Other analysts also recently issued research reports about the stock. Bank of America cut their price objective on shares of LyondellBasell Industries from $52.00 to $46.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. JPMorgan Chase & Co. lowered their price objective on LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets reissued an “underperform” rating and set a $36.00 target price (down from $48.00) on shares of LyondellBasell Industries in a report on Monday, December 15th. Wall Street Zen downgraded shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a research note on Wednesday, January 7th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $53.05.

LyondellBasell Industries Stock Performance

Shares of NYSE:LYB traded up $3.61 during trading on Tuesday, reaching $53.86. 3,573,075 shares of the stock were exchanged, compared to its average volume of 6,495,452. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $78.96. The stock has a 50-day moving average price of $46.59 and a 200-day moving average price of $49.48. 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 firm has a market cap of $17.34 billion, a PE ratio of -23.21 and a beta of 0.70.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.44). The firm had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.94%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. Research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Activity at LyondellBasell Industries

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

Institutional Trading of LyondellBasell Industries

Institutional investors and hedge funds have recently modified their holdings of the business. Sequoia Financial Advisors LLC raised its position in LyondellBasell Industries by 28.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 9,608 shares of the specialty chemicals company’s stock worth $416,000 after acquiring an additional 2,140 shares during the period. Praxis Investment Management Inc. raised its stake in shares of LyondellBasell Industries by 14.6% during the 4th quarter. Praxis Investment Management Inc. now owns 54,045 shares of the specialty chemicals company’s stock valued at $2,340,000 after purchasing an additional 6,875 shares during the period. Gateway Investment Advisers LLC increased its position in shares of LyondellBasell Industries by 19.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 260,260 shares of the specialty chemicals company’s stock valued at $11,269,000 after buying an additional 41,722 shares during the period. Swedbank AB grew its position in shares of LyondellBasell Industries by 16.0% during the 4th quarter. Swedbank AB now owns 242,726 shares of the specialty chemicals company’s stock valued at $10,510,000 after purchasing an additional 33,399 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in LyondellBasell Industries by 6.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 63,274 shares of the specialty chemicals company’s stock worth $2,740,000 after buying an additional 3,724 shares in the last quarter. 71.20% of the stock is owned by hedge funds and other institutional investors.

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.