LyondellBasell Industries NV (NYSE:LYB) – Analysts at Jefferies Financial Group cut their Q2 2018 EPS estimates for LyondellBasell Industries in a research report issued on Wednesday, June 27th. Jefferies Financial Group analyst L. Alexander now forecasts that the specialty chemicals company will earn $2.90 per share for the quarter, down from their previous forecast of $2.97. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ Q3 2018 earnings at $2.83 EPS, Q4 2018 earnings at $2.91 EPS, FY2019 earnings at $13.35 EPS, FY2020 earnings at $14.25 EPS, FY2021 earnings at $16.20 EPS and FY2022 earnings at $17.40 EPS.
LYB has been the topic of a number of other research reports. BMO Capital Markets started coverage on LyondellBasell Industries in a report on Tuesday, March 27th. They set an “outperform” rating and a $111.00 target price on the stock. Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. MED reiterated a “buy” rating and set a $140.00 target price on shares of LyondellBasell Industries in a report on Monday, May 7th. Wells Fargo & Co increased their target price on LyondellBasell Industries from $125.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, June 6th. Finally, ValuEngine cut LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 3rd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $117.00.
Shares of NYSE:LYB opened at $109.85 on Friday. The firm has a market cap of $42.87 billion, a price-to-earnings ratio of 10.74, a P/E/G ratio of 1.08 and a beta of 1.09. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.70 and a current ratio of 2.62. LyondellBasell Industries has a one year low of $82.54 and a one year high of $121.95.
LyondellBasell Industries (NYSE:LYB) last announced its earnings results on Friday, April 27th. The specialty chemicals company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.80 by $0.31. The firm had revenue of $9.77 billion for the quarter, compared to analysts’ expectations of $9.43 billion. LyondellBasell Industries had a return on equity of 53.55% and a net margin of 14.83%. LyondellBasell Industries’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.98 EPS.
Several institutional investors have recently modified their holdings of the business. ETRADE Capital Management LLC lifted its stake in shares of LyondellBasell Industries by 11.4% during the 1st quarter. ETRADE Capital Management LLC now owns 4,706 shares of the specialty chemicals company’s stock worth $497,000 after purchasing an additional 480 shares during the period. Benedict Financial Advisors Inc. raised its position in shares of LyondellBasell Industries by 4.4% in the 1st quarter. Benedict Financial Advisors Inc. now owns 11,456 shares of the specialty chemicals company’s stock worth $1,211,000 after buying an additional 483 shares during the period. Covington Capital Management raised its position in shares of LyondellBasell Industries by 40.7% in the 4th quarter. Covington Capital Management now owns 1,727 shares of the specialty chemicals company’s stock worth $191,000 after buying an additional 500 shares during the period. MRJ Capital Inc. raised its position in shares of LyondellBasell Industries by 0.9% in the 1st quarter. MRJ Capital Inc. now owns 54,700 shares of the specialty chemicals company’s stock worth $5,780,000 after buying an additional 500 shares during the period. Finally, Mn Services Vermogensbeheer B.V. raised its position in shares of LyondellBasell Industries by 1.0% in the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 52,777 shares of the specialty chemicals company’s stock worth $5,577,000 after buying an additional 500 shares during the period. 73.47% of the stock is currently owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Monday, June 18th. Shareholders of record on Monday, June 11th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Friday, June 8th. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. LyondellBasell Industries’s dividend payout ratio is currently 39.10%.
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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