LyondellBasell Industries NV (NYSE:LYB) – Equities research analysts at Jefferies Financial Group increased their Q3 2019 earnings per share estimates for shares of LyondellBasell Industries in a note issued to investors on Tuesday, June 11th. Jefferies Financial Group analyst L. Alexander now expects that the specialty chemicals company will earn $2.83 per share for the quarter, up from their prior estimate of $2.66. Jefferies Financial Group currently has a “Buy” rating and a $104.00 target price 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.
LyondellBasell Industries (NYSE:LYB) last released its quarterly earnings results on Friday, April 26th. The specialty chemicals company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.02. LyondellBasell Industries had a return on equity of 38.05% and a net margin of 11.24%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $9.47 billion. During the same period last year, the business posted $3.11 earnings per share. The firm’s revenue was down 10.1% compared to the same quarter last year.
Shares of NYSE:LYB opened at $86.39 on Wednesday. LyondellBasell Industries has a 52-week low of $73.94 and a 52-week high of $117.85. The stock has a market capitalization of $31.30 billion, a PE ratio of 7.67, a PEG ratio of 1.05 and a beta of 1.18. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 0.83.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 4.86%. This is a positive change from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, June 7th. LyondellBasell Industries’s dividend payout ratio (DPR) is 37.27%.
A number of institutional investors have recently bought and sold shares of LYB. Vanguard Group Inc grew its holdings in LyondellBasell Industries by 0.7% during the third quarter. Vanguard Group Inc now owns 25,762,376 shares of the specialty chemicals company’s stock worth $2,640,901,000 after acquiring an additional 179,076 shares during the period. Deprince Race & Zollo Inc. grew its holdings in LyondellBasell Industries by 48.6% during the fourth quarter. Deprince Race & Zollo Inc. now owns 173,203 shares of the specialty chemicals company’s stock worth $14,404,000 after acquiring an additional 56,616 shares during the period. Gantzert Investment Co. LLC ADV acquired a new stake in LyondellBasell Industries during the fourth quarter worth about $1,258,000. First Mercantile Trust Co. grew its holdings in LyondellBasell Industries by 60.8% during the fourth quarter. First Mercantile Trust Co. now owns 820 shares of the specialty chemicals company’s stock worth $68,000 after acquiring an additional 310 shares during the period. Finally, Creative Planning grew its holdings in LyondellBasell Industries by 7.9% during the fourth quarter. Creative Planning now owns 4,704 shares of the specialty chemicals company’s stock worth $391,000 after acquiring an additional 345 shares during the period. 68.94% of the stock is currently owned by hedge funds and other institutional investors.
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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