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LyondellBasell Industries NV (NYSE:LYB) announced a quarterly dividend on Thursday, August 14th, ARN reports. Investors of record on Monday, August 25th will be paid a dividend of 0.70 per share on Monday, September 8th. This represents a $2.80 annualized dividend and a dividend yield of 2.55%. The ex-dividend date is Thursday, August 21st.

A number of research firms have recently commented on LYB. Analysts at Susquehanna raised their price target on shares of LyondellBasell Industries NV from $108.00 to $123.00 in a research note on Wednesday, August 6th. On the ratings front, analysts at Jefferies Group raised their price target on shares of LyondellBasell Industries NV from $120.00 to $125.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LyondellBasell Industries NV in a research note on Monday, July 28th. They now have a $115.00 price target on the stock, up previously from $109.00. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $114.40.

LyondellBasell Industries NV (NYSE:LYB) traded down 0.05% during mid-day trading on Thursday, hitting $109.79. 1,909,120 shares of the company’s stock traded hands. LyondellBasell Industries NV has a 52-week low of $67.52 and a 52-week high of $110.38. The stock has a 50-day moving average of $102. and a 200-day moving average of $93.97. The company has a market cap of $56.248 billion and a price-to-earnings ratio of 14.59.

LyondellBasell Industries NV (NYSE:LYB) last announced its earnings results on Friday, July 25th. The company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.92 by $0.30. The company had revenue of $12.12 billion for the quarter, compared to the consensus estimate of $11.45 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that LyondellBasell Industries NV will post $8.07 EPS for the current fiscal year.

In other LyondellBasell Industries NV news, CEO James L. Gallogly sold 83,333 shares of the stock on the open market in a transaction dated Monday, August 4th. The shares were sold at an average price of $107.42, for a total value of $8,951,630.86. The sale was disclosed in a filing with the SEC, which is available at this link.

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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