Analysts expect LyondellBasell Industries NV (NYSE:LYB) to post earnings of $2.80 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for LyondellBasell Industries’ earnings. The lowest EPS estimate is $2.59 and the highest is $2.94. LyondellBasell Industries reported earnings of $2.96 per share during the same quarter last year, which indicates a negative year over year growth rate of 5.4%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that LyondellBasell Industries will report full year earnings of $10.27 per share for the current year, with EPS estimates ranging from $9.82 to $10.71. For the next financial year, analysts forecast that the firm will report earnings of $12.21 per share, with EPS estimates ranging from $10.20 to $14.40. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow LyondellBasell Industries.

LyondellBasell Industries (NYSE:LYB) last issued its quarterly earnings results on Friday, August 2nd. The specialty chemicals company reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.84 by ($0.09). The company had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $9.26 billion. LyondellBasell Industries had a return on equity of 35.20% and a net margin of 9.83%.

Several research firms have recently issued reports on LYB. BMO Capital Markets lowered their target price on shares of LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating for the company in a report on Monday, August 5th. UBS Group upped their price target on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Deutsche Bank lowered shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $100.00 to $94.00 in a research report on Monday, June 17th. Citigroup initiated coverage on shares of LyondellBasell Industries in a research note on Friday, July 12th. They issued a “neutral” rating and a $92.00 price objective for the company. Finally, Cowen dropped their target price on LyondellBasell Industries from $92.00 to $85.00 and set a “market perform” rating for the company in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. LyondellBasell Industries presently has an average rating of “Hold” and a consensus price target of $102.18.

In related news, Director Jagjeet S. Bindra purchased 1,360 shares of LyondellBasell Industries stock in a transaction dated Wednesday, August 14th. The stock was purchased at an average cost of $73.48 per share, with a total value of $99,932.80. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bhavesh V. Patel acquired 7,246 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were bought at an average price of $68.85 per share, with a total value of $498,887.10. The disclosure for this purchase can be found here. Insiders have acquired a total of 773,107 shares of company stock worth $57,638,240 in the last ninety days. Insiders own 0.14% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of LYB. Norinchukin Bank The grew its position in shares of LyondellBasell Industries by 0.4% in the 1st quarter. Norinchukin Bank The now owns 58,745 shares of the specialty chemicals company’s stock worth $4,939,000 after buying an additional 205 shares during the last quarter. Coastal Investment Advisors Inc. grew its holdings in LyondellBasell Industries by 58.0% in the second quarter. Coastal Investment Advisors Inc. now owns 4,041 shares of the specialty chemicals company’s stock worth $349,000 after purchasing an additional 1,483 shares during the last quarter. Barnett & Company Inc. purchased a new position in LyondellBasell Industries in the second quarter worth $43,000. Bell Bank increased its position in shares of LyondellBasell Industries by 125.1% during the first quarter. Bell Bank now owns 41,717 shares of the specialty chemicals company’s stock worth $3,508,000 after purchasing an additional 23,188 shares in the last quarter. Finally, Ackerman Capital Advisors LLC acquired a new position in shares of LyondellBasell Industries during the second quarter worth $172,260,000. Institutional investors own 76.23% of the company’s stock.

LYB stock traded up $0.63 during mid-day trading on Friday, reaching $85.71. 2,498,249 shares of the stock traded hands, compared to its average volume of 2,878,950. LyondellBasell Industries has a one year low of $68.61 and a one year high of $107.49. The stock has a market capitalization of $28.52 billion, a PE ratio of 7.61, a PEG ratio of 0.88 and a beta of 1.31. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.85 and a current ratio of 1.47. The business has a 50-day moving average price of $76.95 and a two-hundred day moving average price of $83.46.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, September 4th will be given a dividend of $1.05 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $4.20 annualized dividend and a yield of 4.90%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 37.27%.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, 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.

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