Citigroup Reiterates Buy Rating on LyondellBasell Industries
Citigroup maintains its buy rating on LyondellBasell Industries, setting a price target of $67, a 20.22% upside from the current price.
Key Points
- Citigroup reiterated its buy rating on LyondellBasell Industries, setting a price target of $67.
- Citigroup's $67 price target implies 20.22% upside from LyondellBasell Industries N.V.'s ($LYB) current $55.73 share price.
- LyondellBasell shares traded near $57.6 with a market cap of $18.89 billion and a forward P/E of 7.77.
- Insider sales were reported on May 22, 2026, while analysts from Wells Fargo and Morgan Stanley also have buy ratings.
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Citigroup has reiterated its buy rating on LyondellBasell Industries N.V. (NYSE:LYB) as of June 24, 2026. The firm set a price target of $67 for the specialty chemicals company. Shares of LyondellBasell traded near $57.6 on Thursday.
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Other Institutional Activity in LyondellBasell Industries
Several major funds have made notable changes to their positions in LyondellBasell. BlackRock, Inc. reduced its holdings by 10,213,194 shares, now holding 25,113,288 shares valued at about $2.02 billion, a 28.9% decrease. Dodge & Cox slightly trimmed its stake by 39,925 shares, leaving it with 16,839,152 shares worth approximately $1.36 billion. Vanguard Capital Management LLC opened a new position with 16,759,788 shares valued at $1.35 billion. Similarly, Vanguard Portfolio Management LLC initiated a stake with 11,992,716 shares worth around $966.1 million. Meanwhile, Capital World Investors increased its holdings by 1,905,480 shares, bringing its total to 11,749,410 shares valued at $946.5 million, a 19.4% increase.
LyondellBasell Industries N.V. Stock Down 12.5%
Shares of NYSE:LYB traded near $57.6 on Thursday. LyondellBasell Industries has a market cap of approximately $18.89 billion. The company has a forward P/E ratio of 7.77 and a beta of 0.328, indicating lower volatility compared to the market. The stock's 52-week range is between $41.58 and $83.94, with a 50-day moving average of $69.99 and a 200-day moving average of $57.28. The company's current ratio is 1.54, while its quick ratio is 0.82, and it has a debt-to-equity ratio of 141.24.
$LYB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
LyondellBasell reported revenue of $29.67 billion, though it experienced a revenue decline of 6.3%. The company is currently not profitable, with a negative EPS of -$2.12 and a net margin of -2.686%. Return on equity also stands at a negative -6.01%. The next earnings report is expected on July 31, 2026.
Dividend
LyondellBasell Industries pays an annual dividend rate of $4.12, offering a yield of 6.86%. The company's dividend payout ratio is 11.47%, suggesting it returns a modest portion of its earnings to shareholders.
Insider Buying and Selling at LyondellBasell Industries N.V.
On May 22, 2026, several insiders sold shares of LyondellBasell Industries. Virginia Kamsky sold 593 shares, Robin W.T. Buchanan sold 1,247 shares, Michael Sean Hanley sold 540 shares, Bridget Karlin sold 521 shares, Albert Jude Manifold sold 689 shares, and Robert Dudley sold 708 shares. The transactions were not made under a 10b5-1 plan.
Analysts Set New Price Targets
On June 24, 2026, Citigroup maintained its buy rating on LyondellBasell with a $67 price target. Earlier, on May 28, 2026, Wells Fargo upgraded the stock to a buy rating with a target of $98. On May 27, 2026, Citigroup also maintained a buy rating with an $80 target. The consensus target among analysts is $80.35, with 17 analysts providing opinions.
About LyondellBasell Industries
LyondellBasell Industries N.V. is a global chemical company headquartered in Rotterdam, Netherlands. It operates in the basic materials sector and specializes in specialty chemicals. The company runs five segments including Olefins and Polyolefins and Intermediates and Derivatives. It produces and markets a variety of products such as olefins, polyolefins, and advanced polymer solutions. LyondellBasell also develops and licenses chemical and polyolefin process technologies.
Bottom Line
Citigroup's reiterated buy rating on LyondellBasell Industries, with a $67 price target, reflects continued confidence in the company's potential. Investors often track such ratings as they provide insights into market expectations. However, it's important to remember that analyst ratings and 13F filings are backward-looking and may not represent current conditions.
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