LyondellBasell Industries (NYSE:LYB) Upgraded at Fermium Researc

LyondellBasell Industries (NYSE:LYB) was upgraded by equities researchers at Fermium Researc from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

A number of other analysts have also weighed in on the company. The Goldman Sachs Group restated a “sell” rating on shares of LyondellBasell Industries in a report on Monday, February 2nd. Vertical Research upgraded LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday. Mizuho lifted their target price on LyondellBasell Industries from $49.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, January 30th. Wolfe Research reduced their target price on shares of LyondellBasell Industries from $39.00 to $38.00 and set an “underperform” rating for the company in a report on Monday, February 2nd. Finally, Citigroup increased their price target on shares of LyondellBasell Industries from $46.00 to $49.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $57.22.

LyondellBasell Industries Price Performance

LyondellBasell Industries stock opened at $66.78 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. The stock has a market cap of $21.52 billion, a price-to-earnings ratio of -28.66, a price-to-earnings-growth ratio of 0.60 and a beta of 0.64. The firm has a 50-day moving average of $53.33 and a two-hundred day moving average of $49.81. LyondellBasell Industries has a 1 year low of $41.58 and a 1 year high of $78.41.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 30th. The specialty chemicals company reported ($0.26) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.44). LyondellBasell Industries had a positive return on equity of 4.93% and a negative net margin of 2.46%.The firm had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. LyondellBasell Industries’s quarterly revenue was down 9.2% compared to the same quarter last year. On average, research analysts forecast that LyondellBasell Industries will post 6.31 earnings per share for the current year.

Institutional Investors Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MTM Investment Management LLC acquired a new position in shares of LyondellBasell Industries during the second quarter valued at about $26,000. Parvin Asset Management LLC acquired a new stake in LyondellBasell Industries in the 2nd quarter worth approximately $26,000. Capital A Wealth Management LLC grew 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 purchasing an additional 442 shares during the last quarter. Stance Capital LLC purchased a new stake in LyondellBasell Industries during the 3rd quarter worth approximately $27,000. Finally, EMC Capital Management acquired a new position in LyondellBasell Industries during the 2nd quarter valued at approximately $29,000. 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.