LyondellBasell Industries (NYSE:LYB) Shares Up 8.3% on Analyst Upgrade

LyondellBasell Industries N.V. (NYSE:LYB) shares shot up 8.3% on Tuesday after Royal Bank Of Canada raised their price target on the stock from $49.00 to $51.00. Royal Bank Of Canada currently has a sector perform rating on the stock. LyondellBasell Industries traded as high as $54.53 and last traded at $54.4120. 4,297,187 shares traded hands during trading, a decline of 34% from the average session volume of 6,559,671 shares. The stock had previously closed at $50.25.

LYB has been the topic of a number of other reports. Wall Street Zen cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Mizuho raised their target price on LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday. Fermium Researc cut LyondellBasell Industries from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Zacks Research raised LyondellBasell Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 2nd. Finally, Wells Fargo & Company lifted their target price on LyondellBasell Industries from $45.00 to $48.00 and gave the company an “equal weight” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Reduce” and an average price target of $53.05.

Insider Transactions at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kimberly A. Foley bought 5,661 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were acquired at an average cost of $43.56 per share, for a total transaction of $246,593.16. Following the transaction, the executive vice president directly owned 67,688 shares in the company, valued at approximately $2,948,489.28. This represents a 9.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in shares of LyondellBasell Industries in the 2nd quarter valued at about $280,000,000. Soundwatch Capital LLC bought a new position in LyondellBasell Industries during the 2nd quarter worth approximately $268,123,000. Capital Research Global Investors lifted its position in shares of LyondellBasell Industries by 470.1% in the 3rd quarter. Capital Research Global Investors now owns 4,389,442 shares of the specialty chemicals company’s stock worth $215,258,000 after purchasing an additional 3,619,468 shares during the period. Capital World Investors boosted its stake in shares of LyondellBasell Industries by 13.1% in the 3rd quarter. Capital World Investors now owns 9,807,743 shares of the specialty chemicals company’s stock valued at $480,972,000 after purchasing an additional 1,135,258 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of LyondellBasell Industries by 67.5% during the second quarter. Ameriprise Financial Inc. now owns 1,372,998 shares of the specialty chemicals company’s stock worth $79,438,000 after buying an additional 553,081 shares during the period. 71.20% of the stock is owned by institutional investors and hedge funds.

LyondellBasell Industries Price Performance

The firm has a market cap of $17.57 billion, a P/E ratio of -23.36 and a beta of 0.70. 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 business’s 50 day moving average is $46.59 and its two-hundred day moving average is $49.48.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly 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 business had revenue of $7.09 billion for the quarter, compared to analyst estimates of $6.82 billion. During the same quarter in the previous year, the business posted $0.75 earnings per share. The business’s revenue was down 9.2% on a year-over-year basis. As a group, analysts anticipate that LyondellBasell Industries N.V. will post 6.31 earnings per share for the current year.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, December 1st were paid a $1.37 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $5.48 annualized dividend and a yield of 10.0%. LyondellBasell Industries’s payout ratio is -235.19%.

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.