On February 6, 2023, Credit Suisse upgraded their outlook for LyondellBasell Industries to Outperform.

Analyst Price Forecast Suggests 7.59% Downside

As of February 7, 2023, the average one-year price target for LyondellBasell Industries is $91.29. The forecasts range from a low of $65.65 to a high of $120.75. The average price target represents a decrease of 7.59% from its latest reported closing price of $98.79. The projected annual revenue for LyondellBasell Industries is $47,517MM, a decrease of 10.47%. The projected annual EPS is $9.65, a decrease of 25.21%.

What are large shareholders doing?

Dodge & Cox holds 14,438,133 shares representing 4.43% ownership of the company. In its prior filing, the firm reported owning 2,573,930 shares, representing an increase of 82.17%. The firm increased its portfolio allocation in LYB by 428.52% over the last quarter.

Capital International Investors holds 12,263,884 shares representing 3.77% ownership of the company. In its prior filing, the firm reported owning 21,470,153 shares, representing a decrease of 75.07%. The firm decreased its portfolio allocation in LYB by 47.28% over the last quarter.

Wellington Management Group Llp holds 10,603,669 shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 10,177,559 shares, representing an increase of 4.02%. The firm decreased its portfolio allocation in LYB by 86.81% over the last quarter.

DODGX – Dodge & Cox Stock Fund holds 8,415,663 shares representing 2.58% ownership of the company. In its prior filing, the firm reported owning 1,834,663 shares, representing an increase of 78.20%. The firm increased its portfolio allocation in LYB by 325.14% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 7,768,903 shares representing 2.39% ownership of the company. In its prior filing, the firm reported owning 7,716,721 shares, representing an increase of 0.67%. The firm decreased ts portfolio allocation in LYB by 9.67% over the last quarter.

Fund Sentiment

There are 1706 funds or institutions reporting positions in LyondellBasell Industries. This is a decrease of 3 owner(s) or 0.18%. Average portfolio weight of all funds dedicated to US:LYB is 0.2737%, a decrease of 4.2742%. Total shares owned by institutions decreased in the last three months by 0.05% to 270,455K shares.

LyondellBasell Industries Background Information
(This description is provided by the company.)

LyondellBasell (NYSE: LYB) is one of the largest plastics, chemicals and refining companies in the world. Driven by its employees around the globe, LyondellBasell produces materials and products that are key to advancing solutions to modern challenges?like?enhancing food safety through lightweight and flexible packaging, protecting the purity of water supplies through stronger and more versatile pipes, improving the safety, comfort and fuel efficiency of many of the cars and trucks on the road, and ensuring the safe and effective functionality in electronics and appliances. LyondellBasell sells products into more than 100 countries and is the world’s largest producer of polypropylene compounds and the largest licensor of polyolefin technologies.?In 2021, LyondellBasell was named to FORTUNE Magazine’s list of the ‘World’s Most Admired Companies’ for the fourth consecutive year.?

This article originally appeared on Fintel

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