News headlines about LyondellBasell Industries (NYSE:LYB) have trended somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. LyondellBasell Industries earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the specialty chemicals company an impact score of 46.1833458579252 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media stories that may have effected Accern’s scoring:
- LyondellBasell Industries (LYB) Given a $88.00 Price Target by Jefferies Group Analysts (americanbankingnews.com)
- Should Value Investors Pick LyondellBasell Industries (LYB) Stock? (zacks.com)
- Report: Developing Opportunities within Consol Energy, 51job, MakeMyTrip, LyondellBasell Industries N.V, Golden Ocean Group, and uniQure N.V — Future Expectations, Projections Moving into 2018 (finance.yahoo.com)
- LyondellBasell Industries’ (LYB) Hold Rating Reaffirmed at Cowen (americanbankingnews.com)
- LyondellBasell Industries (LYB) Downgraded by to “Hold” (americanbankingnews.com)
A number of research firms recently weighed in on LYB. ValuEngine lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 3rd. BMO Capital Markets assumed coverage on LyondellBasell Industries in a research note on Tuesday, March 27th. They set an “outperform” rating and a $111.00 price target for the company. Morgan Stanley set a $130.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Friday, February 16th. Citigroup boosted their target price on shares of LyondellBasell Industries from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, February 6th. Finally, SunTrust Banks reissued a “hold” rating and issued a $105.00 target price on shares of LyondellBasell Industries in a research note on Tuesday, February 6th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus price target of $108.39.
LYB stock opened at $102.34 on Wednesday. LyondellBasell Industries has a 12-month low of $78.01 and a 12-month high of $121.95. The company has a current ratio of 2.46, a quick ratio of 1.57 and a debt-to-equity ratio of 0.96. The company has a market cap of $39,230.73, a P/E ratio of 10.00, a PEG ratio of 1.03 and a beta of 1.09.
LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The firm had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company earned $1.94 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. sell-side analysts expect that LyondellBasell Industries will post 10.75 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were paid a $1.00 dividend. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, March 2nd. This represents a $4.00 annualized dividend and a dividend yield of 3.91%. LyondellBasell Industries’s dividend payout ratio is presently 39.10%.
In other news, Director Robin W.T. Buchanan bought 250 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was acquired at an average price of $107.64 per share, with a total value of $26,910.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders bought 854 shares of company stock valued at $79,915. Company insiders own 0.09% of the company’s stock.
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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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