LyondellBasell Industries (NYSE:LYB) Issues Earnings Results

LyondellBasell Industries (NYSE:LYB) announced its quarterly earnings data on Friday. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53), RTT News reports. LyondellBasell Industries had a net margin of 5.29% and a return on equity of 17.05%. During the same period last year, the firm earned $1.26 earnings per share.

LyondellBasell Industries Trading Down 0.1 %

LYB traded down $0.10 during midday trading on Friday, hitting $76.02. 1,318,805 shares of the company were exchanged, compared to its average volume of 2,566,580. The firm’s 50 day moving average price is $76.63 and its 200-day moving average price is $87.41. LyondellBasell Industries has a 1-year low of $72.21 and a 1-year high of $107.02. The firm has a market capitalization of $24.69 billion, a P/E ratio of 11.56, a P/E/G ratio of 5.26 and a beta of 1.06. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.05%. LyondellBasell Industries’s payout ratio is 81.58%.

Insider Activity

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Morgan Stanley cut their target price on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. StockNews.com downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays decreased their target price on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of LyondellBasell Industries from $100.00 to $94.00 and set a “hold” rating for the company in a report on Monday, November 4th. Finally, Royal Bank of Canada decreased their price target on shares of LyondellBasell Industries from $104.00 to $92.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $94.33.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.