LyondellBasell Industries NV Director Sells $179,171 in Stock (LYB)
LyondellBasell Industries NV (NYSE:LYB) Director Milton Carroll sold 1,567 shares of LyondellBasell Industries NV stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $114.34, for a total transaction of $179,170.78. Following the sale, the director now directly owns 7,619 shares in the company, valued at approximately $871,156. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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. Separately, 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 stock. The stock presently has a consensus rating of “Buy” and an average price target of $114.40.
LyondellBasell Industries NV (NYSE:LYB) traded up 0.04% on Wednesday, hitting $114.23. 1,770,827 shares of the company’s stock traded hands. LyondellBasell Industries NV has a one year low of $68.94 and a one year high of $115.33. The stock has a 50-day moving average of $108.0 and a 200-day moving average of $97.31. The company has a market cap of $58.523 billion and a price-to-earnings ratio of 15.17.
LyondellBasell Industries NV (NYSE:LYB) last released its earnings data on Friday, July 25th. The company reported $2.22 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.60 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. Analysts expect that LyondellBasell Industries NV will post $8.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 8th. Shareholders of record on Monday, August 25th will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 21st.
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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