LyondellBasell Industries (NYSE:LYB – Free Report) – Analysts at KeyCorp issued their Q1 2024 earnings per share estimates for LyondellBasell Industries in a research note issued on Monday, October 2nd. KeyCorp analyst A. Yefremov expects that the specialty chemicals company will post earnings per share of $2.11 for the quarter. KeyCorp has a “Sector Weight” rating on the stock. The consensus estimate for LyondellBasell Industries’ current full-year earnings is $8.15 per share. KeyCorp also issued estimates for LyondellBasell Industries’ Q2 2024 earnings at $2.55 EPS, Q3 2024 earnings at $2.61 EPS and Q4 2024 earnings at $2.52 EPS.
Other analysts have also recently issued research reports about the company. Barclays reduced their price target on LyondellBasell Industries from $100.00 to $95.00 in a research report on Tuesday, July 11th. Piper Sandler cut their price objective on LyondellBasell Industries from $113.00 to $108.00 in a research report on Thursday, June 29th. Citigroup raised LyondellBasell Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company boosted their price objective on LyondellBasell Industries from $100.00 to $109.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 8th. Finally, StockNews.com raised LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average price target of $100.06.
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LyondellBasell Industries Price Performance
Shares of NYSE:LYB opened at $93.78 on Wednesday. LyondellBasell Industries has a fifty-two week low of $75.24 and a fifty-two week high of $102.04. The business has a 50-day moving average of $97.65 and a two-hundred day moving average of $93.44. The stock has a market capitalization of $30.40 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.81 and a quick ratio of 1.07.
LyondellBasell Industries (NYSE:LYB – Get Free Report) last released its quarterly earnings data on Friday, August 4th. The specialty chemicals company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.14. The firm had revenue of $10.31 billion during the quarter, compared to analysts’ expectations of $10.79 billion. LyondellBasell Industries had a return on equity of 21.31% and a net margin of 4.92%. The business’s revenue for the quarter was down 30.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.19 earnings per share.
Institutional Investors Weigh In On LyondellBasell Industries
Hedge funds have recently made changes to their positions in the stock. Compass Wealth Management LLC bought a new position in LyondellBasell Industries during the 4th quarter worth approximately $25,000. Intrepid Capital Management Inc. purchased a new stake in LyondellBasell Industries in the 2nd quarter worth about $26,000. Community Bank N.A. purchased a new stake in shares of LyondellBasell Industries during the first quarter worth $28,000. Steward Financial Group LLC grew its stake in LyondellBasell Industries by 77.1% during the second quarter. Steward Financial Group LLC now owns 317 shares of the specialty chemicals company’s stock valued at $29,000 after acquiring an additional 138 shares in the last quarter. Finally, Ossiam bought a new position in shares of LyondellBasell Industries in the second quarter worth $30,000. 91.41% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at LyondellBasell Industries
In other LyondellBasell Industries news, EVP Jeffrey A. Kaplan sold 10,000 shares of the stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $97.56, for a total value of $975,600.00. Following the completion of the sale, the executive vice president now owns 49,876 shares in the company, valued at $4,865,902.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Ai Investments Holdings Llc sold 483 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $99.61, for a total transaction of $48,111.63. Following the transaction, the insider now directly owns 765,996 shares of the company’s stock, valued at $76,300,861.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Jeffrey A. Kaplan sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $97.56, for a total transaction of $975,600.00. Following the completion of the transaction, the executive vice president now directly owns 49,876 shares in the company, valued at $4,865,902.56. The disclosure for this sale can be found here. 0.12% of the stock is owned by corporate insiders.
LyondellBasell Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Monday, August 28th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Friday, August 25th. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 77.64%.
LyondellBasell Industries Company Profile
(Get Free Report)
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.
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