LyondellBasell Industries (NYSE:LYB) Upgraded at Royal Bank Of Canada

by · The Cerbat Gem

Royal Bank Of Canada upgraded shares of LyondellBasell Industries (NYSE:LYBFree Report) from a sector perform rating to an outperform rating in a research note released on Monday, Marketbeat.com reports. Royal Bank Of Canada currently has $82.00 price objective on the specialty chemicals company’s stock, up from their previous price objective of $51.00.

LYB has been the topic of a number of other research reports. Jefferies Financial Group decreased their target price on LyondellBasell Industries from $50.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, December 8th. KeyCorp upgraded shares of LyondellBasell Industries from a “sector weight” rating to an “overweight” rating and set a $73.00 price target on the stock in a research note on Wednesday, March 4th. UBS Group decreased their price target on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating on the stock in a report on Tuesday, December 23rd. Vertical Research raised shares of 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. Finally, BMO Capital Markets upgraded shares of LyondellBasell Industries from an “underperform” rating to a “market perform” rating and raised their target price for the company from $38.00 to $68.00 in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $58.56.

Get Our Latest Analysis on LyondellBasell Industries

LyondellBasell Industries Stock Up 2.7%

Shares of LYB opened at $67.41 on Monday. The firm has a 50 day simple moving average of $54.25 and a two-hundred day simple moving average of $49.98. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.77 and a quick ratio of 1.20. LyondellBasell Industries has a one year low of $41.58 and a one year high of $75.62. The company has a market cap of $21.72 billion, a P/E ratio of -28.93, a P/E/G ratio of 0.59 and a beta of 0.64.

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

LyondellBasell Industries Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd. LyondellBasell Industries’s payout ratio is presently -118.45%.

Insider Transactions at LyondellBasell Industries

In other news, major shareholder Ai Investments Holdings Llc sold 384,548 shares of LyondellBasell Industries stock in a transaction on Monday, March 9th. The shares were sold at an average price of $68.13, for a total transaction of $26,199,255.24. Following the transaction, the insider owned 5,270,918 shares in the company, valued at approximately $359,107,643.34. The trade was a 6.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

Institutional Trading of LyondellBasell Industries

A number of institutional investors and hedge funds have recently bought and sold shares of LYB. Norges Bank acquired a new position in LyondellBasell Industries during the 2nd quarter worth about $280,000,000. Capital Research Global Investors increased its stake in shares of LyondellBasell Industries by 108.7% in the fourth quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock valued at $396,615,000 after buying an additional 4,770,260 shares during the period. Soundwatch Capital LLC bought a new position in shares of LyondellBasell Industries during the second quarter worth about $268,123,000. AQR Capital Management LLC raised its position in shares of LyondellBasell Industries by 512.9% during the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock worth $133,941,000 after acquiring an additional 2,588,636 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock worth $63,114,000 after acquiring an additional 1,431,334 shares during the period. 71.20% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting LyondellBasell Industries

Here are the key news stories impacting LyondellBasell Industries this week:

LyondellBasell Industries Company Profile

(Get Free Report)

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.

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