LyondellBasell Industries NV (NYSE:LYB) – Stock analysts at Jefferies Financial Group lowered their Q3 2018 earnings estimates for shares of LyondellBasell Industries in a report issued on Monday, September 24th. Jefferies Financial Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings of $2.83 per share for the quarter, down from their previous forecast of $3.08. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ Q4 2018 earnings at $3.16 EPS, FY2018 earnings at $12.45 EPS, FY2019 earnings at $14.15 EPS, FY2020 earnings at $14.90 EPS, FY2021 earnings at $16.60 EPS and FY2022 earnings at $17.40 EPS.
Several other brokerages also recently issued reports on LYB. Wells Fargo & Co increased their price target on LyondellBasell Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, June 6th. Zacks Investment Research downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Friday, August 24th. BMO Capital Markets increased their price target on LyondellBasell Industries from $111.00 to $112.00 and gave the company a “market perform” rating in a report on Tuesday, August 7th. Cowen increased their price target on LyondellBasell Industries from $110.00 to $113.00 and gave the company a “market perform” rating in a report on Friday, August 10th. Finally, Standpoint Research reiterated a “hold” rating on shares of LyondellBasell Industries in a report on Friday, June 1st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $116.43.
Shares of NYSE LYB opened at $102.78 on Thursday. LyondellBasell Industries has a 12-month low of $96.19 and a 12-month high of $121.95. The firm has a market capitalization of $40.80 billion, a P/E ratio of 10.06, a P/E/G ratio of 0.94 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.27 and a quick ratio of 1.51.
LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, August 3rd. The specialty chemicals company reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.44. LyondellBasell Industries had a return on equity of 53.77% and a net margin of 15.51%. The firm had revenue of $10.21 billion during the quarter, compared to the consensus estimate of $9.11 billion.
Institutional investors have recently made changes to their positions in the company. Northwest Bancshares Inc. grew its stake in shares of LyondellBasell Industries by 125.7% during the second quarter. Northwest Bancshares Inc. now owns 10,424 shares of the specialty chemicals company’s stock valued at $1,145,000 after acquiring an additional 5,806 shares in the last quarter. Regal Investment Advisors LLC acquired a new stake in shares of LyondellBasell Industries during the second quarter valued at about $236,000. 10 15 Associates Inc. bought a new position in shares of LyondellBasell Industries during the second quarter worth about $10,616,000. Bridgewater Associates LP lifted its position in shares of LyondellBasell Industries by 1.9% during the second quarter. Bridgewater Associates LP now owns 98,512 shares of the specialty chemicals company’s stock worth $10,822,000 after purchasing an additional 1,866 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of LyondellBasell Industries by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 4,331,592 shares of the specialty chemicals company’s stock worth $475,825,000 after purchasing an additional 64,786 shares during the last quarter. Institutional investors own 72.57% of the company’s stock.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 12th. Stockholders of record on Wednesday, September 5th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, September 4th. This represents a $4.00 annualized dividend and a dividend yield of 3.89%. LyondellBasell Industries’s dividend payout ratio is presently 39.10%.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in five segments: Olefins and Polyolefins?Americas; Olefins and Polyolefins?Europe, Asia, International; Intermediates and Derivatives; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers, copolymers, and compounds.
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