LyondellBasell Industries NV (NYSE:LYB) – Equities research analysts at Jefferies Financial Group raised their Q3 2019 EPS estimates for shares of LyondellBasell Industries in a report released on Tuesday, June 11th, according to Zacks Investment Research. Jefferies Financial Group analyst L. Alexander now expects that the specialty chemicals company will post earnings per share of $2.83 for the quarter, up from their prior forecast of $2.66. Jefferies Financial Group currently has a “Buy” rating and a $104.00 price target on the stock. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ 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 and FY2021 earnings at $14.35 EPS.
Several other analysts also recently issued reports on LYB. Alembic Global Advisors set a $120.00 price objective on shares of LyondellBasell Industries and gave the stock a “buy” rating in a report on Friday, April 26th. Deutsche Bank cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and cut their target price for the company from $100.00 to $94.00 in a research note on Monday, June 17th. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday, April 2nd. Nomura upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $87.00 to $113.00 in a research note on Monday, April 15th. Finally, Goldman Sachs Group upgraded shares of LyondellBasell Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $104.00 to $125.00 in a research note on Wednesday, March 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $112.07.
hares of NYSE LYB traded up $0.37 during trading hours on Wednesday, hitting $86.64. 2,687,110 shares of the stock were exchanged, compared to its average volume of 2,668,510. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The business’s 50 day moving average is $81.79. The stock has a market cap of $31.95 billion, a price-to-earnings ratio of 7.69, a P/E/G ratio of 1.06 and a beta of 1.18. LyondellBasell Industries has a one year low of $73.94 and a one year high of $116.63.
LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data 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. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $9.47 billion. LyondellBasell Industries had a net margin of 11.24% and a return on equity of 38.05%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.11 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 10th were paid a $1.05 dividend. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, June 7th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 4.85%. LyondellBasell Industries’s dividend payout ratio is currently 37.27%.
Hedge funds have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its holdings in shares of LyondellBasell Industries by 7,934.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,343,271 shares of the specialty chemicals company’s stock worth $160,000 after purchasing an additional 13,177,190 shares during the last quarter. Norges Bank bought a new stake in shares of LyondellBasell Industries in the 4th quarter worth about $259,614,000. Deutsche Bank AG grew its holdings in shares of LyondellBasell Industries by 45.4% in the 4th quarter. Deutsche Bank AG now owns 4,474,550 shares of the specialty chemicals company’s stock worth $372,096,000 after purchasing an additional 1,396,953 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of LyondellBasell Industries by 107.3% in the 4th quarter. Two Sigma Advisers LP now owns 1,949,246 shares of the specialty chemicals company’s stock worth $162,099,000 after purchasing an additional 1,009,000 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. grew its holdings in shares of LyondellBasell Industries by 1,378.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,074,945 shares of the specialty chemicals company’s stock worth $89,393,000 after purchasing an additional 1,002,221 shares during the last quarter. Institutional investors own 68.89% of the company’s stock.
LyondellBasell Industries Company Profile
LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, 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.