Valued at a market cap of $24.3 billion, LyondellBasell Industries N.V. (LYB) is a chemical company creating solutions for everyday sustainable living internationally. Based in Houston, Texas, the company operates in six segments: Olefins and Polyolefins-Americas; Olefins and Polyolefins-Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
Companies valued at $10 billion or more are generally described as “large-cap” stocks and LyondellBasell Industries fits this criterion perfectly. The multinational corporation is one of the world's largest producers of polymers and a leader in polyolefin technologies through advanced technology and focused investments.
However, the company dipped 29.8% from its 52-week high of $107.02. Shares of LYB are up marginally over the last three months, lagging behind the iShares U.S. Basic Materials ETF’s (IYM) 3.9% rise.
In the long term, LYB has gained 1.1% on a YTD basis, whereas IYM rose nearly 5%. In addition, shares of LyondellBasell have crumbled 24.8% over the past 52 weeks, underperforming IYM’s 5.4% decrease over the same time frame.
LYB has been trading below its 50-day and 200-day moving averages since last year.
The company reported sales and other operating revenues of $9.5 billion for Q4 2024, with LYB shares down marginally on Jan. 31. Although, it delivered excellent cash performance amid difficult market conditions where it generated $3.8 billion of cash from operating activities with 90% cash conversion. LyondellBasell’s segment Circular & Low Carbon Solutions’ volumes grew by 65% during fiscal 2024.
In contrast, rival DuPont de Nemours, Inc. (DD) surpassed LYB. DD shares have surged 4.9% in the last 52 weeks and also moved up 1.1% on a YTD basis.
With LYB’s underperformance over the past year compared to its sector, analysts remain cautious about its prospects. The stock has a consensus rating of “Hold” from the 19 analysts covering the stock, and as of writing, LyondellBasell Industries is trading below the mean price target of $82.80.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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