LyondellBasell Industries (NYSE:LYB) Given “Underperform” Rating at Bank of America

LyondellBasell Industries (NYSE:LYB)‘s stock had its “underperform” rating reiterated by equities researchers at Bank of America in a research note issued on Monday, Marketbeat reports. They presently have a $55.00 price objective on the specialty chemicals company’s stock. Bank of America‘s target price would suggest a potential downside of 30.94% from the stock’s previous close.

Several other brokerages also recently issued reports on LYB. KeyCorp raised shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price objective for the company in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft increased their price target on LyondellBasell Industries from $52.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, March 19th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, March 9th. UBS Group boosted their price objective on shares of LyondellBasell Industries from $73.00 to $79.00 and gave the stock a “neutral” rating in a research note on Thursday, March 26th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of LyondellBasell Industries in a research note on Monday, February 2nd. One 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 assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $67.39.

LyondellBasell Industries Trading Up 0.1%

Shares of LYB stock opened at $79.64 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 stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of -34.18, a price-to-earnings-growth ratio of 0.46 and a beta of 0.40. LyondellBasell Industries has a 12-month low of $41.58 and a 12-month high of $83.94. The stock’s 50-day moving average price is $63.62 and its 200-day moving average price is $52.47.

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

Insider Buying and Selling

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the sale, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. This trade represents a 6.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LYB. Hosking Partners LLP boosted its stake in LyondellBasell Industries by 33.3% during the 3rd quarter. Hosking Partners LLP now owns 595,587 shares of the specialty chemicals company’s stock worth $29,208,000 after purchasing an additional 148,673 shares during the period. Capital World Investors grew its holdings in LyondellBasell Industries by 13.1% during the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after buying an additional 1,135,258 shares during the last quarter. TD Asset Management Inc raised its holdings in LyondellBasell Industries by 12.8% in the 3rd quarter. TD Asset Management Inc now owns 286,067 shares of the specialty chemicals company’s stock valued at $14,029,000 after acquiring an additional 32,401 shares during the last quarter. Bruce & Co. Inc. increased its position in LyondellBasell Industries by 50.0% during the third quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company’s stock worth $2,942,000 after purchasing an additional 20,000 shares during the last quarter. Finally, First Horizon Corp acquired a new stake in shares of LyondellBasell Industries in the third quarter worth $8,965,000. 71.20% of the stock is owned by institutional investors and hedge funds.

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.