LyondellBasell Industries (NYSE:LYB) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised its price target on LyondellBasell to $87 (from $70) while keeping an "equal weight" rating, implying roughly a 4.3% upside from the current price.
• Analyst coverage is mixed and the consensus is a "Hold" with a consensus price target of $66.56, based on 1 Strong Buy, 5 Buy, 14 Hold and 3 Sell ratings.
• LYB traded at $83.41 (near its 12‑month high of $83.86) but reported a quarterly loss of $0.26 per share and a negative net margin, even as analysts forecast about 6.31 EPS for the fiscal year.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its price target hoisted by equities researchers at Wells Fargo & Company from $70.00 to $87.00 in a report issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the specialty chemicals company's stock. Wells Fargo & Company's price objective indicates a potential upside of 4.31% from the company's current price.

Several other equities analysts have also issued reports on the company. Fermium Researc raised LyondellBasell Industries from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 9th. Wall Street Zen upgraded LyondellBasell Industries from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Bank of America cut their target price on shares of LyondellBasell Industries from $52.00 to $46.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Citigroup raised LyondellBasell Industries from a "neutral" rating to a "buy" rating and raised their price target for the stock from $49.00 to $76.00 in a research report on Thursday, March 12th. Finally, The Goldman Sachs Group reiterated a "sell" rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $66.56.

LyondellBasell Industries Price Performance

LYB traded up $2.96 during midday trading on Monday, hitting $83.41. The company had a trading volume of 2,991,162 shares, compared to its average volume of 7,834,368. LyondellBasell Industries has a twelve month low of $41.58 and a twelve month high of $83.86. The firm's 50-day simple moving average is $60.73 and its 200-day simple moving average is $51.56. The company has a market capitalization of $26.87 billion, a PE ratio of -35.43, a P/E/G ratio of 0.46 and a beta of 0.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.20 and a current ratio of 1.77.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last issued 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 company had revenue of $7.09 billion during 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 the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the completion of the transaction, the insider owned 5,270,918 shares of the company's stock, valued at $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.14% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LYB. Capital A Wealth Management LLC lifted its position in LyondellBasell Industries by 6,314.3% during the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company's stock worth $26,000 after buying an additional 442 shares in the last quarter. Parvin Asset Management LLC bought a new position in shares of LyondellBasell Industries in the 2nd quarter valued at about $26,000. Stance Capital LLC bought a new position in shares of LyondellBasell Industries in the 3rd quarter valued at about $27,000. Quent Capital LLC acquired a new stake in shares of LyondellBasell Industries in the third quarter valued at about $29,000. Finally, United Community Bank raised its holdings in LyondellBasell Industries by 83.2% during the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company's stock worth $31,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds 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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