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LyondellBasell Industries N.V. (NYSE:LYB) is included among the 15 Extreme Dividend Stocks to Buy According to Hedge Funds.
On November 11, Evercore ISI analyst Eric Boyes lowered the firm’s price target on LyondellBasell Industries N.V. (NYSE:LYB) to $57 from $65, maintaining an In Line rating on the stock, as reported by The Fly. The third quarter saw a shift in the chemical sector, with roughly two-thirds of about 20 companies posting average gains of 6% after earnings, even though half of them issued below-expectation guidance for Q4 and negative revisions averaging 12%, the analyst noted in a group earnings recap.
That said, LyondellBasell Industries N.V. (NYSE:LYB)’s CEO Peter Z. Vanacker highlighted a very high cash conversion of 135% in Q3, underscoring progress on the company’s cash improvement plan. The firm aims to achieve $600 million by year-end and is targeting at least $1.1 billion by the end of 2026. The company also pointed out that domestic polyethylene demand in 2025 is the strongest since the downturn began in Q3 2022, with North American demand up 2.5% compared to 2024.
LyondellBasell Industries N.V. (NYSE:LYB) further stressed global ethylene capacity rationalization, noting that announced and planned closures and idling from 2020 through 2028 will remove over 21 million tonnes of ethylene capacity, roughly 10% of the global supply, particularly affecting Asia and Europe.
LyondellBasell Industries N.V. (NYSE:LYB) is a global chemical firm producing and marketing polymers, chemicals, and refined products, while also developing and licensing advanced polymer and recycling technologies.
While we acknowledge the potential of LYB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 15 Best Dividend Growth Stocks to Buy Now and 15 Overlooked Dividend Stocks to Buy Right Now
Disclosure: None.
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