LyondellBasell Industries NV (NYSE:LYB) – Investment analysts at Jefferies Financial Group decreased their Q2 2019 EPS estimates for LyondellBasell Industries in a research note issued to investors on Tuesday, June 11th. Jefferies Financial Group analyst L. Alexander now forecasts that the specialty chemicals company will earn $2.50 per share for the quarter, down from their prior estimate of $2.52. Jefferies Financial Group has a “Buy” rating and a $104.00 price target on the stock. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ Q4 2019 earnings at $2.49 EPS and FY2022 earnings at $17.50 EPS.
LYB has been the subject of several other research reports. Goldman Sachs Group raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $104.00 to $125.00 in a research report on Wednesday, March 6th. Nomura raised LyondellBasell Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $87.00 to $113.00 in a research report on Monday, April 15th. Bank of America raised LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 price objective for the company in a research report on Tuesday, April 2nd. Dougherty & Co cut LyondellBasell Industries from a “buy” rating to a “neutral” rating in a research report on Friday, February 22nd. Finally, Alembic Global Advisors set a $120.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a sell rating, five have assigned 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 an average price target of $112.13.
Shares of NYSE:LYB opened at $85.39 on Thursday. LyondellBasell Industries has a fifty-two week low of $73.94 and a fifty-two week high of $117.85. The stock has a market capitalization of $31.30 billion, a price-to-earnings ratio of 8.17, a P/E/G ratio of 1.05 and a beta of 1.18. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.
LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. During the same quarter in the previous year, the firm earned $3.11 earnings per share. The business’s quarterly revenue was down 10.1% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be paid a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.92%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend is Friday, June 7th. LyondellBasell Industries’s payout ratio is currently 37.27%.
Institutional investors and hedge funds have recently modified their holdings of the stock. First Command Bank increased its stake in LyondellBasell Industries by 64.4% during the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after acquiring an additional 125 shares during the period. Kore Private Wealth LLC bought a new position in LyondellBasell Industries during the first quarter valued at about $27,000. Destination Wealth Management bought a new position in LyondellBasell Industries during the first quarter valued at about $28,000. Berman Capital Advisors LLC bought a new position in LyondellBasell Industries during the fourth quarter valued at about $31,000. Finally, Phocas Financial Corp. bought a new position in LyondellBasell Industries during the fourth quarter valued at about $33,000. Hedge funds and other institutional investors own 68.94% of the company’s stock.
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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