LyondellBasell Industries (NYSE:LYB) Price Target Raised to $46.00 at Citigroup

LyondellBasell Industries (NYSE:LYB) had its price target raised by analysts at Citigroup from $40.00 to $46.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the specialty chemicals company’s stock. Citigroup’s price objective indicates a potential downside of 9.63% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company reiterated an “equal weight” rating and issued a $45.00 price target (down previously from $55.00) on shares of LyondellBasell Industries in a research note on Friday, December 19th. Alembic Global Advisors raised LyondellBasell Industries to a “hold” rating in a research note on Monday, October 20th. UBS Group decreased their target price on LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a research note on Tuesday, December 23rd. Vertical Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 price target for the company. in a research note on Wednesday, January 7th. Finally, Bank of America cut their price objective on shares of LyondellBasell Industries from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $53.67.

LyondellBasell Industries Stock Performance

Shares of NYSE LYB traded down $1.10 during trading on Thursday, reaching $50.90. 3,713,524 shares of the company traded hands, compared to its average volume of 5,943,359. The firm has a 50 day simple moving average of $44.84 and a 200-day simple moving average of $50.68. LyondellBasell Industries has a 52-week low of $41.58 and a 52-week high of $79.39. The stock has a market capitalization of $16.38 billion, a PE ratio of -13.57 and a beta of 0.70. The company has a quick ratio of 0.93, a current ratio of 1.57 and a debt-to-equity ratio of 1.00.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The company had revenue of $7.73 billion for the quarter, compared to the consensus estimate of $7.41 billion. During the same quarter in the prior year, the firm earned $1.88 earnings per share. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities research analysts anticipate that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity

In other LyondellBasell Industries news, EVP Kimberly A. Foley purchased 5,661 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average price of $43.56 per share, with a total value of $246,593.16. Following the acquisition, the executive vice president owned 67,688 shares in the company, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate 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. apricus wealth LLC increased its position in shares of LyondellBasell Industries by 52.8% during the 4th quarter. apricus wealth LLC now owns 32,555 shares of the specialty chemicals company’s stock valued at $1,410,000 after purchasing an additional 11,250 shares during the last quarter. Centennial Wealth Advisory LLC boosted its stake in LyondellBasell Industries by 5.9% during the fourth quarter. Centennial Wealth Advisory LLC now owns 12,376 shares of the specialty chemicals company’s stock worth $536,000 after buying an additional 690 shares during the period. ORG Partners LLC increased its position in LyondellBasell Industries by 960.0% during the fourth 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. TrueMark Investments LLC bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $263,000. Finally, Bell Bank boosted its stake in shares of LyondellBasell Industries by 0.8% during the 4th quarter. Bell Bank now owns 123,703 shares of the specialty chemicals company’s stock worth $5,356,000 after purchasing an additional 942 shares during the period. 71.20% of the stock is owned by 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.