FY2018 Earnings Estimate for LyondellBasell Industries NV (LYB) Issued By Jefferies Group

LyondellBasell Industries NV (NYSE:LYB) – Jefferies Group increased their FY2018 EPS estimates for shares of LyondellBasell Industries in a report released on Tuesday. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings per share of $10.85 for the year, up from their previous forecast of $10.30. Jefferies Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Group also issued estimates for LyondellBasell Industries’ FY2022 earnings at $11.55 EPS.

A number of other research firms also recently commented on LYB. Vertical Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday. Citigroup upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a report on Monday, December 18th. Barclays lifted their target price on shares of LyondellBasell Industries from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday, October 31st. Zacks Investment Research downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Finally, Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $102.00 to $110.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $101.56.

LyondellBasell Industries (NYSE:LYB) traded up $0.03 during mid-day trading on Wednesday, reaching $112.26. 1,437,300 shares of the company’s stock were exchanged, compared to its average volume of 1,282,500. The firm has a market cap of $44,500.00, a P/E ratio of 11.97, a price-to-earnings-growth ratio of 1.33 and a beta of 1.08. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. LyondellBasell Industries has a 12 month low of $78.01 and a 12 month high of $112.42.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Monday, December 4th. LyondellBasell Industries’s dividend payout ratio (DPR) is 38.38%.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.09% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its position in shares of LyondellBasell Industries by 2.8% in the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock worth $2,527,492,000 after buying an additional 821,391 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of LyondellBasell Industries by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 24,529,455 shares of the specialty chemicals company’s stock worth $2,070,041,000 after buying an additional 473,129 shares during the last quarter. BlackRock Inc. lifted its position in shares of LyondellBasell Industries by 11.6% in the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock worth $1,889,470,000 after buying an additional 2,327,350 shares during the last quarter. Capital World Investors lifted its position in shares of LyondellBasell Industries by 23.0% in the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after buying an additional 3,651,750 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of LyondellBasell Industries by 19.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock worth $652,840,000 after buying an additional 1,069,625 shares during the last quarter. 73.94% of the stock is owned by institutional investors.

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About LyondellBasell Industries

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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