LyondellBasell Industries (NYSE:LYB) Issues Earnings Results

LyondellBasell Industries (NYSE:LYB) posted its earnings results on Friday. The specialty chemicals company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.17, RTT News reports. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The business had revenue of $9.93 billion during the quarter, compared to the consensus estimate of $9.70 billion. During the same quarter in the previous year, the firm posted $2.50 EPS. The firm’s revenue was down 3.1% on a year-over-year basis.

LyondellBasell Industries Stock Up 2.5 %

LYB opened at $102.13 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.32 and a current ratio of 2.12. LyondellBasell Industries has a fifty-two week low of $84.80 and a fifty-two week high of $106.69. The firm’s fifty day moving average is $100.87 and its 200 day moving average is $96.52. The stock has a market cap of $33.24 billion, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 1.25 and a beta of 1.19.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 4.90%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s dividend payout ratio (DPR) is 77.28%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays lifted their target price on shares of LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Vertical Research raised shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research report on Wednesday, January 3rd. Deutsche Bank Aktiengesellschaft downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Wednesday, January 10th. Wolfe Research started coverage on shares of LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $107.00 price objective on shares of LyondellBasell Industries in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $103.82.

Insider Activity at LyondellBasell Industries

In related news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the transaction, the chief financial officer now owns 88,858 shares in the company, valued at approximately $8,960,440.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other LyondellBasell Industries news, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $100.84, for a total value of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares in the company, valued at approximately $8,960,440.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the sale, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,853 shares of company stock worth $8,077,267. 0.11% of the stock is owned by corporate insiders.

About LyondellBasell Industries

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.