LyondellBasell Industries (NYSE:LYB) Raised to Overweight at Alembic Global Advisors

Key Points

• Alembic Global Advisors upgraded LyondellBasell (NYSE:LYB) from "neutral" to "overweight" in a report issued Thursday.
• Analyst sentiment is mixed—1 Strong Buy, 6 Buy, 12 Hold and 4 Sell—resulting in an average rating of "Hold" and an average price target of $68.17.
• Major shareholder Ai Investments sold 384,548 shares (≈$26.2M) on March 9, reducing its stake by 6.8%; the company also reported last-quarter EPS of ($0.26) and carries a negative trailing P/E.

LyondellBasell Industries (NYSE:LYB - Get Free Report) was upgraded by research analysts at Alembic Global Advisors from a "neutral" rating to an "overweight" rating in a research report issued on Thursday.

Several other analysts have also weighed in on LYB. Weiss Ratings reiterated a "sell (d+)" rating on shares of LyondellBasell Industries in a research note on Thursday, January 22nd. Wall Street Zen upgraded shares of LyondellBasell Industries from a "sell" rating to a "hold" rating in a report on Saturday, March 21st. Fermium Researc raised shares of LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Wolfe Research dropped their price objective on shares of LyondellBasell Industries from $39.00 to $38.00 and set an "underperform" rating on the stock in a report on Monday, February 2nd. Finally, Jefferies Financial Group increased their price objective on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the stock a "hold" rating in a research report on Tuesday, March 10th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twelve have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $68.17.

LyondellBasell Industries Trading Down 7.5%

NYSE:LYB opened at $74.25 on Thursday. LyondellBasell Industries has a 52 week low of $41.58 and a 52 week high of $83.94. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77. The firm's fifty day moving average is $65.25 and its 200-day moving average is $53.00. The firm has a market cap of $23.92 billion, a P/E ratio of -31.87, a P/E/G ratio of 0.46 and a beta of 0.40.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last released its earnings results on Saturday, February 21st. The specialty chemicals company reported ($0.26) earnings per share (EPS) 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 during the quarter. Equities analysts expect that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Insider Activity at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on 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 sale, the insider directly owned 5,270,918 shares of the company's stock, valued at $359,107,643.34. This 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 this hyperlink. 0.14% of the stock is currently owned by company insiders.

Institutional Trading of LyondellBasell Industries

Several institutional investors have recently made changes to their positions in LYB. Hosking Partners LLP grew its position in LyondellBasell Industries by 33.3% in 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 in the last quarter. Capital World Investors lifted its position in shares of 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 worth $480,972,000 after buying an additional 1,135,258 shares in the last quarter. Bruce & Co. Inc. boosted its stake in shares of LyondellBasell Industries by 50.0% in the 3rd quarter. Bruce & Co. Inc. now owns 60,000 shares of the specialty chemicals company's stock worth $2,942,000 after buying an additional 20,000 shares during the last quarter. TD Asset Management Inc increased its position in shares of LyondellBasell Industries by 12.8% during the third 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. Finally, Barclays PLC increased its position in shares of LyondellBasell Industries by 3.5% during the third quarter. Barclays PLC now owns 1,006,356 shares of the specialty chemicals company's stock valued at $49,352,000 after acquiring an additional 33,873 shares during the last quarter. Institutional investors own 71.20% of the company's stock.

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.

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