LyondellBasell Industries NV (NYSE:LYB) – Jefferies Group increased their FY2017 earnings per share estimates for shares of LyondellBasell Industries NV in a report issued on Tuesday. Jefferies Group analyst L. Alexander now forecasts that the specialty chemicals company will post earnings of $9.95 per share for the year, up from their previous forecast of $9.70. Jefferies Group has a “Hold” rating and a $95.00 price target on the stock. Jefferies Group also issued estimates for LyondellBasell Industries NV’s Q4 2017 earnings at $2.47 EPS, FY2018 earnings at $10.20 EPS, FY2019 earnings at $8.50 EPS and FY2020 earnings at $8.76 EPS.

LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.68 by $0.14. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The company had revenue of $8.40 billion during the quarter, compared to the consensus estimate of $8.52 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year.

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A number of other research firms also recently issued reports on LYB. SunTrust Banks, Inc. reiterated a “hold” rating and set a $96.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research report on Saturday, September 30th. UBS AG reiterated a “neutral” rating and set a $88.00 target price (up previously from $85.00) on shares of LyondellBasell Industries NV in a research report on Monday, July 31st. Zacks Investment Research downgraded shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Cowen and Company reiterated a “hold” rating and set a $90.00 target price on shares of LyondellBasell Industries NV in a research report on Monday, August 28th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 target price on shares of LyondellBasell Industries NV in a research report on Wednesday, June 28th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $94.80.

Shares of LyondellBasell Industries NV (NYSE:LYB) opened at 97.26 on Thursday. The stock’s 50 day moving average is $95.02 and its 200 day moving average is $87.37. LyondellBasell Industries NV has a 12 month low of $76.71 and a 12 month high of $100.74. The company has a market cap of $38.50 billion, a P/E ratio of 10.86 and a beta of 1.04.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Stockholders of record on Wednesday, September 6th were paid a $0.90 dividend. The ex-dividend date was Friday, September 1st. This represents a $3.60 annualized dividend and a dividend yield of 3.70%. LyondellBasell Industries NV’s payout ratio is 40.18%.

In other news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of LYB. Harbour Capital Advisors LLC bought a new stake in shares of LyondellBasell Industries NV in the 1st quarter worth $107,000. Point72 Asia Hong Kong Ltd bought a new stake in shares of LyondellBasell Industries NV in the 1st quarter worth $132,000. American Beacon Advisors Inc. bought a new stake in shares of LyondellBasell Industries NV in the 1st quarter worth $161,000. Seven Bridges Advisors LLC grew its stake in shares of LyondellBasell Industries NV by 32.8% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 478 shares in the last quarter. Finally, WESPAC Advisors SoCal LLC grew its stake in shares of LyondellBasell Industries NV by 4.9% in the 2nd quarter. WESPAC Advisors SoCal LLC now owns 2,125 shares of the specialty chemicals company’s stock worth $179,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 73.81% of the company’s stock.

About LyondellBasell Industries NV

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Earnings History and Estimates for LyondellBasell Industries NV (NYSE:LYB)

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