LyondellBasell Industries (NYSE:LYB) Given New $91.00 Price Target at Royal Bank Of Canada

Key Points

• Royal Bank of Canada raised its price target on LyondellBasell to $91 from $82 and kept an "outperform" rating, implying roughly a 24.47% upside from the current price.
• The analyst consensus remains mixed—1 Strong Buy, 6 Buy, 12 Hold and 4 Sell—with a market consensus rating of "Hold" and an average price target of $68.67, well below RBC's new target.
• Major shareholder Ai Investments sold 384,548 shares (a 6.8% reduction) at about $68.13 each, while several institutional investors (Capital Research, AQR, UBS AM, Morgan Stanley) materially increased their stakes, leaving institutions owning about 71.2% of the stock.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target increased by investment analysts at Royal Bank Of Canada from $82.00 to $91.00 in a report issued on Friday,MarketScreener reports. The firm currently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's price objective points to a potential upside of 24.47% from the company's current price.

LYB has been the topic of several other reports. Alembic Global Advisors raised LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research report on Thursday. Fermium Researc raised shares of LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 9th. Bank of America reissued an "underperform" rating and issued a $55.00 price objective on shares of LyondellBasell Industries in a report on Monday. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of LyondellBasell Industries in a report on Thursday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on LyondellBasell Industries from $52.00 to $75.00 and gave the stock a "hold" rating in a research note on Thursday, March 19th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $68.67.

LyondellBasell Industries Stock Up 1.2%

LYB opened at $73.11 on Friday. 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 firm has a 50 day moving average price of $65.70 and a 200-day moving average price of $53.14. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $83.94. The stock has a market capitalization of $23.55 billion, a price-to-earnings ratio of -31.39, a PEG ratio of 0.32 and a beta of 0.40.

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

Insider Buying and Selling at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $68.13, for a total value of $26,199,255.24. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

Hedge Funds Weigh In On LyondellBasell Industries

A number of institutional investors have recently bought and sold shares of LYB. Capital Research Global Investors boosted its holdings in LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company's stock valued at $396,615,000 after purchasing an additional 4,770,260 shares during the last quarter. AQR Capital Management LLC increased its holdings in LyondellBasell Industries by 512.9% in the 4th quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company's stock valued at $133,941,000 after purchasing an additional 2,588,636 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in LyondellBasell Industries by 5,451.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company's stock valued at $63,114,000 after acquiring an additional 1,431,334 shares during the period. Morgan Stanley lifted its stake in LyondellBasell Industries by 16.9% in the fourth quarter. Morgan Stanley now owns 8,971,741 shares of the specialty chemicals company's stock worth $388,476,000 after acquiring an additional 1,300,271 shares during the last quarter. Finally, Norges Bank acquired a new position in LyondellBasell Industries during the 4th quarter worth approximately $52,210,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

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.

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