LyondellBasell Industries N.V. Plans Quarterly Dividend of $0.50 (LYB)
LyondellBasell Industries N.V. (NYSE:LYB) announced a quarterly dividend on Wednesday, September 18th, Stock Ratings Network.com reports. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.50 per share on Monday, October 7th. This represents a $2.00 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 19th.
A number of research firms have recently commented on LYB. Analysts at Cowen and Company raised their price target on shares of LyondellBasell Industries N.V. (NYSE:LYB) from $68.00 to $77.00 in a research note to investors on Wednesday, August 28th. They now have an “outperform” rating on the stock. On a related note, analysts at Barclays Capital raised their price target on shares of LyondellBasell Industries N.V. (NYSE:LYB) from $77.00 to $83.00 in a research note to investors on Tuesday, August 6th. Finally, analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries N.V. (NYSE:LYB) from $80.00 to $83.00 in a research note to investors on Monday, August 5th.
Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. LyondellBasell Industries N.V. has an average rating of “Buy” and a consensus target price of $71.27.
Shares of LyondellBasell Industries N.V. (NYSE:LYB) traded up 0.95% during mid-day trading on Wednesday, hitting $73.37. 4,927,740 shares of the company’s stock traded hands. LyondellBasell Industries N.V. has a 1-year low of $44.87 and a 1-year high of $72.90. The stock has a 50-day moving average of $69.55 and a 200-day moving average of $65.55. The company has a market cap of $41.611 billion and a price-to-earnings ratio of 12.74. LyondellBasell Industries N.V. also was the target of some unusual options trading on Wednesday. Investors purchased 117,280 call options on the stock. This represents an increase of approximately 1,481% compared to the typical volume of 7,419 call options.
LyondellBasell Industries N.V. (NYSE:LYB) last posted its quarterly earnings results on Friday, July 26th. The company reported $1.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by $0.02. The company had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $11.30 billion. During the same quarter in the prior year, the company posted $1.66 earnings per share. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, analysts predict that LyondellBasell Industries N.V. will post $6.13 earnings per share for the current fiscal year.
LyondellBasell Industries N.V. is an independent chemical company. The Company’s chemicals businesses consist of processing plants that convert volumes of liquid and gaseous hydrocarbon feedstock into plastic resins and other chemicals.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.