LyondellBasell Industries (NYSE:LYB) PT Raised to $104.00

LyondellBasell Industries (NYSE:LYB) had its target price lifted by Jefferies Financial Group from $99.00 to $104.00 in a research note published on Tuesday morning, The Fly reports. Jefferies Financial Group currently has a buy rating on the specialty chemicals company’s stock. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ Q2 2019 earnings at $2.50 EPS, Q3 2019 earnings at $2.83 EPS, Q4 2019 earnings at $2.49 EPS, 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, FY2021 earnings at $14.35 EPS and FY2022 earnings at $17.50 EPS.

A number of other equities analysts have also 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 report on Friday, April 26th. Dougherty & Co lowered shares of LyondellBasell Industries from a buy rating to a neutral rating in a research report on Friday, February 22nd. reissued a buy rating and issued a $120.00 price target on shares of LyondellBasell Industries in a research report on Tuesday, February 12th. Bank of America raised shares of LyondellBasell Industries from an underperform rating to a buy rating and set a $105.00 price target on the stock in a research report on Tuesday, April 2nd. Finally, Nomura raised shares of LyondellBasell Industries from a neutral rating to a buy rating and lifted their price target for the company from $87.00 to $113.00 in a research report on Monday, April 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the stock. LyondellBasell Industries currently has an average rating of Buy and a consensus price target of $112.13.

Shares of LYB opened at $86.39 on Tuesday. The company has a market cap of $31.62 billion, a P/E ratio of 7.67, a price-to-earnings-growth ratio of 1.06 and a beta of 1.18. 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 twelve month low of $73.94 and a twelve month high of $117.85.

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 Zacks’ 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 company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $9.47 billion. During the same quarter last year, the firm posted $3.11 earnings per share. The company’s quarterly revenue was down 10.1% compared to the same quarter last year. Analysts predict that LyondellBasell Industries will post 10.35 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a $1.05 dividend. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 7th. This represents a $4.20 annualized dividend and a dividend yield of 4.86%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 37.27%.

Several institutional investors have recently made changes to their positions in the company. Cerity Partners LLC grew its stake in shares of LyondellBasell Industries by 4.7% in the fourth quarter. Cerity Partners LLC now owns 2,662 shares of the specialty chemicals company’s stock worth $221,000 after acquiring an additional 120 shares during the last quarter. Bell & Brown Wealth Advisors LLC grew its stake in shares of LyondellBasell Industries by 2.4% in the fourth quarter. Bell & Brown Wealth Advisors LLC now owns 5,250 shares of the specialty chemicals company’s stock worth $437,000 after acquiring an additional 125 shares during the last quarter. First Command Bank grew its stake in shares of LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock worth $27,000 after acquiring an additional 125 shares during the last quarter. Zeke Capital Advisors LLC grew its stake in shares of LyondellBasell Industries by 1.4% in the first quarter. Zeke Capital Advisors LLC now owns 9,754 shares of the specialty chemicals company’s stock worth $820,000 after acquiring an additional 133 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of LyondellBasell Industries by 2.7% in the first quarter. Dynamic Advisor Solutions LLC now owns 5,116 shares of the specialty chemicals company’s stock worth $430,000 after acquiring an additional 134 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, 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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