Q2 2022 EPS Estimates for LyondellBasell Industries Lifted by Analyst (NYSE:LYB)

LyondellBasell Industries (NYSE:LYBGet Rating) – Analysts at Jefferies Financial Group lifted their Q2 2022 EPS estimates for LyondellBasell Industries in a note issued to investors on Wednesday, June 8th. Jefferies Financial Group analyst L. Alexander now anticipates that the specialty chemicals company will earn $5.78 per share for the quarter, up from their prior estimate of $5.13. Jefferies Financial Group also issued estimates for LyondellBasell Industries’ Q3 2022 earnings at $6.88 EPS, Q4 2022 earnings at $5.30 EPS, FY2022 earnings at $21.95 EPS, FY2023 earnings at $20.55 EPS and FY2024 earnings at $13.85 EPS.

A number of other equities research analysts have also recently commented on the stock. Bank of America cut shares of LyondellBasell Industries from a “neutral” rating to an “underperform” rating and increased their price target for the company from $107.00 to $108.00 in a report on Tuesday, March 22nd. Alembic Global Advisors cut shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and cut their price target for the company from $120.00 to $115.00 in a report on Tuesday, May 31st. Piper Sandler cut shares of LyondellBasell Industries from an “overweight” rating to a “neutral” rating and cut their price target for the company from $119.00 to $115.00 in a report on Monday, May 23rd. Mizuho increased their price target on shares of LyondellBasell Industries from $125.00 to $132.00 in a report on Tuesday, May 3rd. Finally, StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, LyondellBasell Industries currently has a consensus rating of “Hold” and a consensus target price of $114.44.

NYSE:LYB opened at $108.22 on Friday. The company’s 50 day moving average price is $108.09 and its 200-day moving average price is $100.60. LyondellBasell Industries has a 52 week low of $84.17 and a 52 week high of $117.22. The company has a quick ratio of 1.10, a current ratio of 1.76 and a debt-to-equity ratio of 0.88. The stock has a market cap of $35.46 billion, a price-to-earnings ratio of 6.16, a PEG ratio of 0.79 and a beta of 1.27.

LyondellBasell Industries (NYSE:LYBGet Rating) last announced its quarterly earnings data on Friday, April 29th. The specialty chemicals company reported $4.00 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.52. The business had revenue of $13.16 billion for the quarter, compared to analysts’ expectations of $12.67 billion. LyondellBasell Industries had a net margin of 11.68% and a return on equity of 54.14%. The business’s revenue was up 44.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.18 earnings per share.

The firm also recently declared a special dividend, which will be paid on Monday, June 13th. Shareholders of record on Monday, June 6th will be given a $5.20 dividend. The ex-dividend date of this dividend is Friday, June 3rd. This represents a yield of 4.2%. LyondellBasell Industries’s payout ratio is presently 27.11%.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 2,640 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $111.44, for a total value of $294,201.60. Following the transaction, the director now directly owns 7,020 shares in the company, valued at $782,308.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Several hedge funds have recently made changes to their positions in LYB. Core Wealth Advisors Inc. bought a new stake in shares of LyondellBasell Industries during the 4th quarter valued at $28,000. Newbridge Financial Services Group Inc. grew its stake in LyondellBasell Industries by 418.5% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 337 shares of the specialty chemicals company’s stock valued at $31,000 after acquiring an additional 272 shares in the last quarter. Covestor Ltd purchased a new position in LyondellBasell Industries during the fourth quarter valued at $31,000. EverSource Wealth Advisors LLC purchased a new position in LyondellBasell Industries during the fourth quarter valued at $34,000. Finally, NEXT Financial Group Inc grew its stake in LyondellBasell Industries by 145.3% during the fourth quarter. NEXT Financial Group Inc now owns 363 shares of the specialty chemicals company’s stock valued at $34,000 after acquiring an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 69.64% of the company’s stock.

LyondellBasell Industries Company Profile (Get Rating)

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.

See Also

Earnings History and Estimates for LyondellBasell Industries (NYSE:LYB)

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