LyondellBasell Industries (LYB) Shares Gap Down to $102.73

LyondellBasell Industries NV (NYSE:LYB)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $104.35, but opened at $102.73. LyondellBasell Industries shares last traded at $104.91, with a volume of 826405 shares trading hands.

A number of equities analysts have recently commented on LYB shares. ValuEngine upgraded shares of LyondellBasell Industries from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 2nd. Citigroup raised their price objective on shares of LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. SunTrust Banks restated a “hold” rating and issued a $105.00 price objective on shares of LyondellBasell Industries in a research report on Tuesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $119.00 price objective on shares of LyondellBasell Industries in a research report on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $108.39.

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The stock has a market cap of $40,532.77, a PE ratio of 9.85, a P/E/G ratio of 1.06 and a beta of 1.09. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96.

LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a net margin of 14.15% and a return on equity of 55.09%. The business had revenue of $9.14 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the business posted $1.94 earnings per share. LyondellBasell Industries’s revenue for the quarter was up 17.9% on a year-over-year basis. equities analysts expect that LyondellBasell Industries NV will post 10.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, March 5th were given a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, March 2nd. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. This represents a $4.00 annualized dividend and a yield of 3.97%. LyondellBasell Industries’s payout ratio is presently 39.10%.

In related news, Director Robin W.T. Buchanan bought 322 shares of the company’s stock in a transaction on Wednesday, June 6th. The stock was acquired at an average cost of $81.86 per share, for a total transaction of $26,358.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have acquired 854 shares of company stock valued at $79,915. 0.09% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of LyondellBasell Industries by 1.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,533 shares of the specialty chemicals company’s stock worth $2,769,000 after acquiring an additional 434 shares in the last quarter. Covington Capital Management raised its stake in shares of LyondellBasell Industries by 40.7% during the fourth quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock worth $191,000 after acquiring an additional 500 shares in the last quarter. Oakworth Capital Inc. raised its stake in shares of LyondellBasell Industries by 47.5% during the fourth quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after acquiring an additional 501 shares in the last quarter. Advisor Partners LLC raised its stake in shares of LyondellBasell Industries by 10.1% during the fourth quarter. Advisor Partners LLC now owns 5,973 shares of the specialty chemicals company’s stock worth $716,000 after acquiring an additional 549 shares in the last quarter. Finally, Gyroscope Capital Management Group LLC raised its stake in shares of LyondellBasell Industries by 1.0% during the fourth quarter. Gyroscope Capital Management Group LLC now owns 60,473 shares of the specialty chemicals company’s stock worth $6,671,000 after acquiring an additional 624 shares in the last quarter. 75.13% of the stock is currently owned by hedge funds and other institutional investors.

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LyondellBasell Industries Company Profile

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.

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