Wolfe Research Issues Pessimistic Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its price objective decreased by Wolfe Research from $40.00 to $39.00 in a research note issued to investors on Friday,MarketScreener reports. The brokerage currently has an “underperform” rating on the specialty chemicals company’s stock. Wolfe Research’s target price points to a potential downside of 23.44% from the stock’s previous close.

A number of other research analysts have also recently commented on LYB. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $48.00 target price for the company. in a report on Wednesday, January 7th. UBS Group lowered their price objective on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research report on Tuesday, December 23rd. Wall Street Zen lowered shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Royal Bank Of Canada upped their price target on shares of LyondellBasell Industries from $44.00 to $49.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $59.00 to $51.00 and set a “sell” rating on the stock in a report on Friday, October 17th. Two investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $52.42.

LyondellBasell Industries Stock Up 0.1%

LYB opened at $50.94 on Friday. The stock has a fifty day moving average of $45.17 and a 200-day moving average of $50.63. The company has a market capitalization of $16.40 billion, a P/E ratio of -13.58 and a beta of 0.70. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $79.39. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.93 and a current ratio of 1.57.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.21. The firm had revenue of $7.73 billion for the quarter, compared to analyst estimates of $7.41 billion. LyondellBasell Industries had a positive return on equity of 7.50% and a negative net margin of 3.70%.The company’s revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the company earned $1.88 EPS. On average, equities analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley acquired 5,661 shares of the 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 purchase, the executive vice president owned 67,688 shares of the company’s stock, valued at approximately $2,948,489.28. The trade was a 9.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

A number of institutional investors have recently modified their holdings of the business. Bank of Montreal Can lifted its stake in shares of LyondellBasell Industries by 2.4% in the 2nd quarter. Bank of Montreal Can now owns 651,236 shares of the specialty chemicals company’s stock valued at $37,681,000 after purchasing an additional 15,264 shares during the period. Rockefeller Capital Management L.P. lifted its position in LyondellBasell Industries by 62.2% during the second quarter. Rockefeller Capital Management L.P. now owns 42,321 shares of the specialty chemicals company’s stock valued at $2,583,000 after purchasing an additional 16,234 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in LyondellBasell Industries by 375.1% during the second quarter. Kingsview Wealth Management LLC now owns 18,007 shares of the specialty chemicals company’s stock valued at $1,042,000 after purchasing an additional 14,217 shares during the period. Hosking Partners LLP boosted its position in shares of LyondellBasell Industries by 33.3% in the third 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 during the period. Finally, Norges Bank purchased a new position in LyondellBasell Industries during the second quarter valued at $280,000,000. 71.20% of the stock is currently owned by hedge funds and other 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.