LyondellBasell Industries (NYSE:LYB – Get Free Report) released its earnings results on Friday. The specialty chemicals company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.36 by $0.17, RTT News reports. The company had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.70 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $2.50 EPS.
LyondellBasell Industries Trading Up 2.4 %
Shares of LyondellBasell Industries stock traded up $2.44 during mid-day trading on Friday, hitting $102.12. 1,343,013 shares of the stock were exchanged, compared to its average volume of 1,908,965. The company has a 50-day simple moving average of $100.78 and a 200 day simple moving average of $96.41. The company has a current ratio of 1.84, a quick ratio of 1.17 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $33.23 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69.
LyondellBasell Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio is presently 77.28%.
Insider Activity at LyondellBasell Industries
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on LYB shares. Barclays increased their target price on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. JPMorgan Chase & Co. raised their target price on LyondellBasell Industries from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Wednesday, January 10th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $107.00 target price on shares of LyondellBasell Industries in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $103.82.
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.
Read More
- Five stocks we like better than LyondellBasell Industries
- Insider Trading – What You Need to Know
- 3 Stocks Leading the U.S. Agriculture Comeback
- Utilities Stocks Explained – How and Why to Invest in Utilities
- How to Use Put Debit Spreads to Profit From Falling Stocks
- 5 Top Rated Dividend Stocks to Consider
- Alphabet Changes the Narrative with Its First-Ever Dividend
Receive News & Ratings for LyondellBasell Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries and related companies with MarketBeat.com's FREE daily email newsletter.