LyondellBasell Industries (NYSE:LYB) Stock Rating Upgraded by Alembic Global Advisors

LyondellBasell Industries (NYSE:LYB) was upgraded by analysts at Alembic Global Advisors from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Thursday.

A number of other analysts also recently issued reports on the company. UBS Group raised their target price on LyondellBasell Industries from $73.00 to $79.00 and gave the stock a “neutral” rating in a research report on Thursday, March 26th. BMO Capital Markets raised LyondellBasell Industries from an “underperform” rating to a “market perform” rating and upped their price target for the company from $38.00 to $68.00 in a research report on Thursday, March 5th. Wolfe Research decreased their price objective on LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a report on Monday, February 2nd. Mizuho boosted their price objective on LyondellBasell Industries from $62.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, March 23rd. Finally, Jefferies Financial Group upped their price objective on shares of LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a report on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.17.

LyondellBasell Industries Price Performance

LYB opened at $74.25 on Thursday. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The firm has a 50-day moving average of $65.25 and a 200 day moving average of $53.00. 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 has a market cap of $23.92 billion, a P/E ratio of -31.87, a PEG ratio of 0.46 and a beta of 0.40.

LyondellBasell Industries (NYSE:LYB) last released its 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. On average, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other LyondellBasell Industries news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $68.13, for a total value of $26,199,255.24. Following the sale, the insider directly owned 5,270,918 shares in the company, valued at $359,107,643.34. This represents a 6.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.14% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Capital A Wealth Management LLC increased its stake in LyondellBasell Industries by 6,314.3% in the 2nd quarter. Capital A Wealth Management LLC now owns 449 shares of the specialty chemicals company’s stock worth $26,000 after acquiring an additional 442 shares during the last quarter. Parvin Asset Management LLC bought a new stake in shares of LyondellBasell Industries during the 2nd quarter valued at about $26,000. Stance Capital LLC bought a new stake in shares of LyondellBasell Industries during the 3rd quarter valued at about $27,000. Quent Capital LLC purchased a new position in shares of LyondellBasell Industries during the third quarter worth about $29,000. Finally, United Community Bank increased its position 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 purchasing an additional 283 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.