Wells Fargo & Company Has Lowered Expectations for LyondellBasell Industries (NYSE:LYB) Stock Price

Key Points

• Wells Fargo cut its price target on LyondellBasell from $87 to $80 and kept an "equal weight" rating, implying only about a 3.6% upside from the current price.
• Analyst sentiment is mixed — MarketBeat's consensus is a Hold with an average target of $76.59, though some firms (e.g., Citigroup, Wall Street Zen, Alembic) have raised ratings/targets while others (Bank of America) remain bearish.
• LyondellBasell beat EPS estimates ($0.49 vs. $0.31) despite year‑over‑year revenue weakness and a negative net margin; shares trade near $77.22 with a market cap of about $24.9 billion.

LyondellBasell Industries (NYSE:LYB - Get Free Report) had its target price dropped by stock analysts at Wells Fargo & Company from $87.00 to $80.00 in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage presently has an "equal weight" rating on the specialty chemicals company's stock. Wells Fargo & Company's price objective points to a potential upside of 3.60% from the company's current price.

Several other equities research analysts have also recently weighed in on LYB. Wall Street Zen raised LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Saturday. Alembic Global Advisors raised LyondellBasell Industries from a "neutral" rating to an "overweight" rating in a research note on Thursday, April 9th. Bank of America reaffirmed an "underperform" rating and issued a $55.00 price target on shares of LyondellBasell Industries in a research note on Monday, April 6th. Vertical Research raised LyondellBasell Industries from a "hold" rating to a "buy" rating and set a $75.00 price target on the stock in a research note on Monday, March 9th. Finally, Citigroup upped their price target on LyondellBasell Industries from $76.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, April 8th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of "Hold" and an average target price of $76.59.

LyondellBasell Industries Trading Up 1.6%

Shares of LYB traded up $1.18 during mid-day trading on Tuesday, hitting $77.22. 485,919 shares of the company's stock traded hands, compared to its average volume of 7,705,665. The company has a quick ratio of 1.03, a current ratio of 1.54 and a debt-to-equity ratio of 1.12. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $83.94. The firm has a market capitalization of $24.92 billion, a P/E ratio of -31.14, a PEG ratio of 0.26 and a beta of 0.32. The business's 50-day moving average price is $70.67 and its 200-day moving average price is $55.66.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its earnings results on Friday, May 1st. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.18. LyondellBasell Industries had a positive return on equity of 5.68% and a negative net margin of 2.68%.The firm had revenue of $7.20 billion for the quarter, compared to analysts' expectations of $7.53 billion. During the same period in the previous year, the firm earned $0.33 earnings per share. The business's revenue was down 6.3% compared to the same quarter last year. As a group, sell-side analysts forecast that LyondellBasell Industries will post 5.44 EPS for the current fiscal year.

Insider Activity

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the company's stock in a transaction 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 transaction, 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 the SEC website. 0.14% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $27,000. Quent Capital LLC bought a new position in shares of LyondellBasell Industries in the 3rd quarter worth approximately $29,000. Clearstead Advisors LLC boosted its holdings in shares of LyondellBasell Industries by 140.3% in the fourth quarter. Clearstead Advisors LLC now owns 668 shares of the specialty chemicals company's stock worth $29,000 after buying an additional 390 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of LyondellBasell Industries by 960.0% in the fourth quarter. ORG Partners LLC now owns 689 shares of the specialty chemicals company's stock worth $30,000 after buying an additional 624 shares during the last quarter. Finally, United Community Bank boosted its holdings in shares of LyondellBasell Industries by 83.2% in the third quarter. United Community Bank now owns 623 shares of the specialty chemicals company's stock worth $31,000 after buying an additional 283 shares during the last quarter. 71.20% of the stock is owned by 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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