LyondellBasell Industries (LYB) Scheduled to Post Quarterly Earnings on Friday

LyondellBasell Industries (NYSE:LYB) is scheduled to be issuing its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07). The business had revenue of $9.93 billion for the quarter, compared to the consensus estimate of $9.85 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. LyondellBasell Industries’s revenue was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 earnings per share. On average, analysts expect LyondellBasell Industries to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

LyondellBasell Industries Price Performance

Shares of LyondellBasell Industries stock opened at $99.40 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $32.35 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 1.22 and a beta of 1.19. LyondellBasell Industries has a 1-year low of $84.80 and a 1-year high of $106.69. The firm’s 50-day moving average price is $100.31 and its two-hundred day moving average price is $96.13.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 5.03%. LyondellBasell Industries’s dividend payout ratio is 77.28%.

Insider Transactions at LyondellBasell Industries

In other news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total value of $2,899,224.51. Following the transaction, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robin W.T. Buchanan sold 18,111 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the sale, the director now owns 12,276 shares of the company’s stock, valued at approximately $1,233,246.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 80,853 shares of company stock worth $8,077,267. Company insiders own 0.12% of the company’s stock.

Hedge Funds Weigh In On LyondellBasell Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Blair William & Co. IL lifted its holdings in shares of LyondellBasell Industries by 1.0% in the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock worth $1,112,000 after buying an additional 107 shares in the last quarter. Sei Investments Co. grew its position in LyondellBasell Industries by 26.2% during the first quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock valued at $4,349,000 after acquiring an additional 8,596 shares during the last quarter. Prudential PLC bought a new position in shares of LyondellBasell Industries in the first quarter worth approximately $731,000. Cetera Investment Advisers grew its holdings in shares of LyondellBasell Industries by 29.0% in the first quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock worth $770,000 after purchasing an additional 1,684 shares during the last quarter. Finally, Moors & Cabot Inc. grew its holdings in shares of LyondellBasell Industries by 20.2% in the first quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock worth $644,000 after purchasing an additional 1,053 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on LYB shares. Wells Fargo & Company upped their target price on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Wednesday, January 10th. Barclays increased their price target on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $103.82.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.