LyondellBasell Industries (NYSE:LYB) Announces Earnings Results

LyondellBasell Industries (NYSE:LYB) issued its quarterly earnings data on Friday. The specialty chemicals company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17, RTT News reports. The firm had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.70 billion. LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the company earned $2.50 EPS.

LyondellBasell Industries Stock Up 2.4 %

Shares of LYB stock traded up $2.44 during mid-day trading on Friday, hitting $102.12. The company’s stock had a trading volume of 1,343,013 shares, compared to its average volume of 1,908,965. The stock has a market cap of $33.23 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. LyondellBasell Industries has a 52-week low of $84.80 and a 52-week high of $106.69. The business has a 50-day moving average price of $100.78 and a 200 day moving average price of $96.41.

LyondellBasell Industries Dividend Announcement

The firm also recently announced 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 was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.90%. LyondellBasell Industries’s dividend payout ratio is 77.28%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on LYB shares. Deutsche Bank Aktiengesellschaft lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a report on Wednesday, January 10th. Citigroup increased their target price on LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $107.00 price target on shares of LyondellBasell Industries in a research note on Monday, February 5th. Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They set an “underperform” rating for the company. Finally, Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $103.82.

Insider Activity at LyondellBasell Industries

In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total value of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other LyondellBasell Industries news, EVP Kenneth Todd Lane sold 29,229 shares of LyondellBasell Industries 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 completion of the sale, the executive vice president now owns 91,758 shares of the company’s stock, valued at approximately $9,101,476.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the transaction, the chief accounting officer now directly owns 27,575 shares in the company, valued at $2,770,460.25. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock valued at $8,077,267 over the last ninety days. Insiders own 0.11% of the company’s stock.

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.