Analysts Set Expectations for LYB FY2028 Earnings

LyondellBasell Industries N.V. (NYSE:LYB) – Equities researchers at KeyCorp issued their FY2028 EPS estimates for LyondellBasell Industries in a research note issued to investors on Thursday, September 10th. KeyCorp analyst S. Tiano forecasts that the specialty chemicals company will earn $6.40 per share for the year. KeyCorp currently has a “Hold” rating on the stock. The consensus estimate for LyondellBasell Industries’ current full-year earnings is $9.20 per share.

LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings data on Friday, July 31st. The specialty chemicals company reported $4.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.44 by $0.86. LyondellBasell Industries had a positive return on equity of 17.44% and a negative net margin of 1.13%.The firm had revenue of $9.18 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the firm earned $0.62 earnings per share. The business’s revenue for the quarter was up 19.8% on a year-over-year basis.

Other equities research analysts have also recently issued research reports about the company. Alembic Global Advisors lowered their price target on LyondellBasell Industries from $95.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, July 2nd. Weiss Ratings cut shares of LyondellBasell Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 26th. JPMorgan Chase & Co. raised shares of LyondellBasell Industries from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $75.00 to $80.00 in a research report on Monday, August 3rd. Wall Street Zen lowered shares of LyondellBasell Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 5th. Finally, Citigroup cut their price target on shares of LyondellBasell Industries from $80.00 to $67.00 and set a “buy” rating on the stock in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, LyondellBasell Industries presently has a consensus rating of “Hold” and an average target price of $72.56.

LyondellBasell Industries Stock Performance

Shares of LYB stock opened at $64.33 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.64 and a quick ratio of 1.07. LyondellBasell Industries has a fifty-two week low of $41.58 and a fifty-two week high of $83.94. The stock’s 50-day moving average is $61.52 and its two-hundred day moving average is $66.00. The firm has a market cap of $20.78 billion, a P/E ratio of -56.93, a PEG ratio of 0.18 and a beta of 0.31.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System grew its stake in LyondellBasell Industries by 5,280.5% in the 2nd quarter. California State Teachers Retirement System now owns 15,773,782 shares of the specialty chemicals company’s stock valued at $830,490,000 after buying an additional 15,480,616 shares during the last quarter. Capital Research Global Investors lifted its position in LyondellBasell Industries by 108.7% during the 4th quarter. Capital Research Global Investors now owns 9,159,702 shares of the specialty chemicals company’s stock worth $396,615,000 after acquiring an additional 4,770,260 shares during the last quarter. BlackRock Inc. boosted its holdings in LyondellBasell Industries by 16.7% during the second quarter. BlackRock Inc. now owns 29,298,859 shares of the specialty chemicals company’s stock valued at $1,542,585,000 after acquiring an additional 4,185,571 shares during the period. AQR Capital Management LLC boosted its holdings in LyondellBasell Industries by 512.9% during the fourth quarter. AQR Capital Management LLC now owns 3,093,318 shares of the specialty chemicals company’s stock valued at $133,941,000 after acquiring an additional 2,588,636 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of LyondellBasell Industries by 5,451.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,457,591 shares of the specialty chemicals company’s stock valued at $63,114,000 after purchasing an additional 1,431,334 shares during the last quarter. Institutional investors own 71.20% of the company’s stock.

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 4.3%. The ex-dividend date was Monday, August 24th. LyondellBasell Industries’s payout ratio is -244.25%.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company that produces plastics, chemicals and refined products used in packaging, transportation, construction, healthcare, electronics and other consumer and industrial applications. Its portfolio includes polyethylene, polypropylene, propylene oxide, oxyfuels, acetyls and other intermediate chemicals, as well as advanced polymer compounds and solutions.

The company operates across the petrochemical value chain, converting hydrocarbon feedstocks into materials and specialty products.