LyondellBasell Industries NV (NYSE:LYB) – Analysts at Jefferies Financial Group increased their Q3 2019 earnings per share estimates for LyondellBasell Industries in a research note issued to investors on Tuesday, June 11th. Jefferies Financial Group analyst L. Alexander now anticipates that the specialty chemicals company will post earnings of $2.83 per share for the quarter, up from their previous estimate of $2.66. Jefferies Financial Group has a “Buy” rating and a $104.00 price objective on the stock. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ FY2019 earnings at $10.05 EPS, Q1 2020 earnings at $2.54 EPS, Q2 2020 earnings at $3.08 EPS, Q3 2020 earnings at $3.42 EPS, Q4 2020 earnings at $3.21 EPS, FY2020 earnings at $12.25 EPS and FY2021 earnings at $14.35 EPS.
Several other equities analysts also recently commented on LYB. Alembic Global Advisors set a $120.00 price target on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Friday, April 26th. Dougherty & Co downgraded shares of LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research note on Friday, February 22nd. restated a “buy” rating and issued a $120.00 price target on shares of LyondellBasell Industries in a research note on Tuesday, February 12th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price objective on the stock in a research note on Tuesday, April 2nd. Finally, Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $87.00 to $113.00 in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company’s stock. LyondellBasell Industries presently has a consensus rating of “Buy” and a consensus price target of $112.13.
LYB stock opened at $84.51 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 1.47. LyondellBasell Industries has a 52 week low of $73.94 and a 52 week high of $117.85. The stock has a market capitalization of $29.34 billion, a P/E ratio of 7.50, a price-to-earnings-growth ratio of 0.98 and a beta of 1.18.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.20 by $0.02. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $9.47 billion. During the same period in the prior year, the company posted $3.11 earnings per share. LyondellBasell Industries’s revenue was down 10.1% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 4.97%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 7th. LyondellBasell Industries’s dividend payout ratio is presently 37.27%.
Several hedge funds have recently bought and sold shares of LYB. Vanguard Group Inc lifted its holdings in shares of LyondellBasell Industries by 0.7% in the third quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock worth $2,640,901,000 after acquiring an additional 179,076 shares during the last quarter. Deprince Race & Zollo Inc. lifted its holdings in shares of LyondellBasell Industries by 48.6% in the fourth quarter. Deprince Race & Zollo Inc. now owns 173,203 shares of the specialty chemicals company’s stock worth $14,404,000 after acquiring an additional 56,616 shares during the last quarter. Gantzert Investment Co. LLC ADV bought a new position in LyondellBasell Industries in the 4th quarter valued at approximately $1,258,000. First Mercantile Trust Co. raised its holdings in LyondellBasell Industries by 60.8% in the 4th quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock valued at $68,000 after buying an additional 310 shares during the last quarter. Finally, Creative Planning raised its holdings in LyondellBasell Industries by 7.9% in the 4th quarter. Creative Planning now owns 4,704 shares of the specialty chemicals company’s stock valued at $391,000 after buying an additional 345 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.
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