A number of other equities analysts have also commented on LYB. Vetr raised shares of LyondellBasell Industries from a buy rating to a strong-buy rating and set a $84.88 price target on the stock in a report on Monday, August 1st. Barclays PLC decreased their price target on shares of LyondellBasell Industries from $99.00 to $95.00 and set an overweight rating on the stock in a report on Tuesday, August 2nd. Susquehanna decreased their price target on shares of LyondellBasell Industries from $100.00 to $96.00 and set a positive rating on the stock in a report on Friday, August 26th. Jefferies Group reissued a neutral rating on shares of LyondellBasell Industries in a report on Tuesday, September 6th. Finally, Royal Bank Of Canada lowered shares of LyondellBasell Industries from an outperform rating to a sector perform rating and decreased their price target for the stock from $100.00 to $84.00 in a report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $90.60.
LyondellBasell Industries (NYSE:LYB) opened at 80.84 on Wednesday. The firm has a market cap of $33.61 billion, a price-to-earnings ratio of 8.73 and a beta of 1.46. LyondellBasell Industries has a 12-month low of $69.10 and a 12-month high of $98.25. The company has a 50-day moving average of $78.28 and a 200 day moving average of $80.30.
LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, July 29th. The company reported $2.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.51 by $0.06. LyondellBasell Industries had a return on equity of 66.25% and a net margin of 13.91%. The firm earned $7.33 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the prior year, the company earned $2.81 earnings per share. The business’s revenue for the quarter was down 19.9% compared to the same quarter last year. Equities analysts expect that LyondellBasell Industries will post $9.61 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 16th were given a $0.85 dividend. The ex-dividend date was Friday, August 12th. This represents a $3.40 annualized dividend and a dividend yield of 4.21%. LyondellBasell Industries’s dividend payout ratio is 36.68%.
In other news, Director Jagjeet S. Bindra sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $80.01, for a total value of $300,037.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of LYB. LVM Capital Management Ltd. MI acquired a new position in shares of LyondellBasell Industries during the third quarter worth about $2,968,000. Williams Jones & Associates LLC boosted its position in shares of LyondellBasell Industries by 1.8% in the second quarter. Williams Jones & Associates LLC now owns 100,288 shares of the company’s stock worth $7,463,000 after buying an additional 1,781 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of LyondellBasell Industries during the second quarter worth about $1,026,000. Kentucky Retirement Systems acquired a new position in shares of LyondellBasell Industries during the second quarter worth about $2,160,000. Finally, Mason Street Advisors LLC acquired a new position in shares of LyondellBasell Industries during the second quarter worth about $3,422,000. 71.62% of the stock is owned by institutional investors.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. is a global chemical company. The Company’s segments include Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. Its O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.
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