Royal Bank Of Canada Increases LyondellBasell Industries (NYSE:LYB) Price Target to $51.00

LyondellBasell Industries (NYSE:LYB) had its target price increased by analysts at Royal Bank Of Canada from $49.00 to $51.00 in a note issued to investors 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 objective would indicate a potential downside of 5.32% from the company’s current price.

LYB has been the topic of several other research reports. Fermium Researc lowered LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. KeyCorp restated a “sector weight” rating on shares of LyondellBasell Industries in a report on Monday. BMO Capital Markets restated an “underperform” rating and issued a $36.00 price objective (down previously from $48.00) on shares of LyondellBasell Industries in a research report on Monday, December 15th. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of LyondellBasell Industries in a research report on Monday. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $53.05.

LyondellBasell Industries Price Performance

NYSE:LYB traded up $3.61 during mid-day trading on Tuesday, reaching $53.86. 3,573,075 shares of the company were exchanged, compared to its average volume of 6,495,452. The company has a fifty day moving average of $46.59 and a 200 day moving average of $49.48. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $78.96. The company has a quick ratio of 1.20, a current ratio of 1.77 and a debt-to-equity ratio of 1.20. The stock 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 earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.94% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.82 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. The company’s revenue was down 9.2% compared to the same quarter last year. On average, research analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Transactions at LyondellBasell Industries

In related news, EVP Kimberly A. Foley purchased 5,661 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was purchased at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the completion of the purchase, the executive vice president directly owned 67,688 shares in the company, valued at $2,948,489.28. This trade represents a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors have recently added to or reduced their stakes in the company. New York Life Investment Management LLC grew its position in shares of LyondellBasell Industries by 0.5% in the 2nd quarter. New York Life Investment Management LLC now owns 38,521 shares of the specialty chemicals company’s stock valued at $2,229,000 after acquiring an additional 193 shares during the period. State of Michigan Retirement System increased its position in LyondellBasell Industries by 0.3% during the second quarter. State of Michigan Retirement System now owns 78,165 shares of the specialty chemicals company’s stock worth $4,523,000 after buying an additional 200 shares during the last quarter. Cooper Financial Group raised its stake in LyondellBasell Industries by 4.3% in the third quarter. Cooper Financial Group now owns 5,146 shares of the specialty chemicals company’s stock valued at $252,000 after buying an additional 211 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of LyondellBasell Industries by 2.5% during the 3rd quarter. Capital Investment Advisory Services LLC now owns 9,345 shares of the specialty chemicals company’s stock worth $458,000 after acquiring an additional 226 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of LyondellBasell Industries by 1.4% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 18,020 shares of the specialty chemicals company’s stock worth $884,000 after acquiring an additional 241 shares during the last quarter. 71.20% of the stock is currently 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.