Mizuho Issues Positive Forecast for LyondellBasell Industries (NYSE:LYB) Stock Price

LyondellBasell Industries (NYSE:LYB) had its target price hoisted by research analysts at Mizuho from $62.00 to $74.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Mizuho’s price objective suggests a potential upside of 1.55% from the stock’s previous close.

A number of other analysts also recently weighed in on the company. BMO Capital Markets upgraded LyondellBasell Industries from an “underperform” rating to a “market perform” rating and upped their target price for the company from $38.00 to $68.00 in a research report on Thursday, March 5th. Jefferies Financial Group boosted their price target on LyondellBasell Industries from $51.00 to $70.00 and gave the company a “hold” rating in a research note on Tuesday, March 10th. UBS Group upgraded shares of LyondellBasell Industries from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $42.00 to $73.00 in a research note on Wednesday, March 18th. Wall Street Zen upgraded shares of LyondellBasell Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company increased their price target on shares of LyondellBasell Industries from $48.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $65.61.

LyondellBasell Industries Stock Performance

NYSE LYB traded down $0.45 during trading on Monday, reaching $72.87. The company’s stock had a trading volume of 4,101,671 shares, compared to its average volume of 8,027,979. LyondellBasell Industries has a 12 month low of $41.58 and a 12 month high of $77.36. The firm has a 50 day moving average price of $58.08 and a 200 day moving average price of $50.78. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of -31.26, a price-to-earnings-growth ratio of 0.42 and a beta of 0.64. The company has a current ratio of 1.77, a quick ratio of 1.20 and a debt-to-equity ratio of 1.20.

LyondellBasell Industries (NYSE:LYB) last released 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). The business had revenue of $7.09 billion during the quarter, compared to analyst estimates of $6.82 billion. LyondellBasell Industries had a negative net margin of 2.46% and a positive return on equity of 4.93%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. As a group, equities analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current fiscal year.

Insider Transactions at LyondellBasell Industries

In related 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 completion of the transaction, the insider owned 5,270,918 shares of the company’s stock, valued at $359,107,643.34. This represents a 6.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in LyondellBasell Industries by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 30,965,458 shares of the specialty chemicals company’s stock worth $1,518,546,000 after purchasing an additional 84,251 shares in the last quarter. Dodge & Cox grew its holdings in shares of LyondellBasell Industries by 0.4% during the second quarter. Dodge & Cox now owns 16,969,997 shares of the specialty chemicals company’s stock worth $981,884,000 after purchasing an additional 73,965 shares during the last quarter. State Street Corp increased its stake in shares of LyondellBasell Industries by 2.7% in the fourth quarter. State Street Corp now owns 13,544,711 shares of the specialty chemicals company’s stock valued at $586,486,000 after buying an additional 361,761 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of LyondellBasell Industries by 4.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,102,068 shares of the specialty chemicals company’s stock valued at $437,420,000 after buying an additional 399,130 shares during the period. Finally, Capital World Investors raised its holdings in LyondellBasell Industries by 0.4% in the 4th quarter. Capital World Investors now owns 9,843,930 shares of the specialty chemicals company’s stock valued at $426,242,000 after buying an additional 36,187 shares during the last quarter. 71.20% of the stock is currently 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.