LyondellBasell Industries NV (NYSE:LYB) – Equities researchers at Jefferies Financial Group raised their Q2 2020 earnings per share estimates for LyondellBasell Industries in a report issued on Wednesday, June 24th. Jefferies Financial Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings of $0.61 per share for the quarter, up from their prior estimate of ($0.12). Jefferies Financial Group currently has a “Buy” rating and a $74.00 target price on the stock. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ Q4 2020 earnings at $1.23 EPS.
Several other analysts have also commented on LYB. Wells Fargo & Co lowered shares of LyondellBasell Industries from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $57.00 to $55.00 in a research report on Thursday, April 16th. UBS Group increased their price target on shares of LyondellBasell Industries from $45.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Deutsche Bank raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $72.00 in a research note on Tuesday, May 26th. ValuEngine cut shares of LyondellBasell Industries from a “hold” rating to a “sell” rating in a research note on Thursday, April 2nd. Finally, Citigroup lowered LyondellBasell Industries from a “buy” rating to a “neutral” rating and raised their price objective for the company from $60.00 to $64.00 in a report on Monday. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $70.27.
LYB stock opened at $64.95 on Monday. The company’s fifty day moving average price is $64.45 and its 200-day moving average price is $69.82. LyondellBasell Industries has a one year low of $33.71 and a one year high of $98.91. The company has a market capitalization of $21.67 billion, a PE ratio of 8.33, a price-to-earnings-growth ratio of 1.89 and a beta of 1.55. The company has a debt-to-equity ratio of 1.82, a quick ratio of 1.04 and a current ratio of 1.76.
LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, May 1st. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.11. LyondellBasell Industries had a net margin of 8.14% and a return on equity of 36.08%. The business had revenue of $7.49 billion for the quarter, compared to the consensus estimate of $7.60 billion. During the same quarter in the previous year, the firm earned $2.22 earnings per share. The company’s revenue for the quarter was down 14.6% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 6.47%. The ex-dividend date of this dividend was Friday, June 5th. LyondellBasell Industries’s payout ratio is currently 43.66%.
In other news, EVP Daniel M. Coombs purchased 4,400 shares of the stock in a transaction dated Monday, May 4th. The shares were bought at an average cost of $53.28 per share, for a total transaction of $234,432.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Bhavesh V. Patel purchased 4,654 shares of the stock in a transaction dated Monday, April 6th. The shares were purchased at an average price of $51.65 per share, for a total transaction of $240,379.10. The disclosure for this purchase can be found here. 0.18% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Capital International Sarl acquired a new position in shares of LyondellBasell Industries in the 4th quarter worth $28,000. Arden Trust Co purchased a new position in shares of LyondellBasell Industries during the first quarter valued at $26,000. Founders Capital Management grew its holdings in shares of LyondellBasell Industries by 175.0% during the first quarter. Founders Capital Management now owns 550 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 350 shares in the last quarter. Central Bank & Trust Co. grew its holdings in shares of LyondellBasell Industries by 504.1% during the first quarter. Central Bank & Trust Co. now owns 592 shares of the specialty chemicals company’s stock valued at $51,000 after buying an additional 494 shares in the last quarter. Finally, Westside Investment Management Inc. purchased a new position in shares of LyondellBasell Industries during the first quarter valued at $31,000. Institutional investors own 65.86% of the company’s stock.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; 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 and copolymers.
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