LyondellBasell Industries Announces Dividend of $0.60 (LYB)
LyondellBasell Industries (NYSE:LYB) announced a dividend on Thursday, February 20th, American Banking News reports. Investors of record on Monday, March 3rd will be paid a dividend of 0.60 per share on Monday, March 17th. The ex-dividend date is Thursday, February 27th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of LyondellBasell Industries in a research note on Tuesday, February 11th. They now have a $92.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of LyondellBasell Industries from $88.00 to $95.00 in a research note on Tuesday, February 11th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital upgraded shares of LyondellBasell Industries from an “outperform” rating to a “top pick” rating in a research note on Thursday, December 12th. They now have a $110.00 price target on the stock, up previously from $90.00. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $83.80.
Shares of LyondellBasell Industries (NYSE:LYB) opened at 85.80 on Friday. LyondellBasell Industries has a one year low of $55.02 and a one year high of $86.24. The stock has a 50-day moving average of $80.14 and a 200-day moving average of $75.71. The company has a market cap of $47.619 billion and a price-to-earnings ratio of 12.49.
LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings data on Thursday, January 30th. The company reported $2.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.71. The company had revenue of $11.14 billion for the quarter, compared to the consensus estimate of $10.76 billion. During the same quarter last year, the company posted $1.13 earnings per share. LyondellBasell Industries’s revenue was up .4% compared to the same quarter last year. Analysts expect that LyondellBasell Industries will post $7.36 EPS 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.
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