LyondellBasell Industries (LYB) Scheduled to Post Quarterly Earnings on Friday

LyondellBasell Industries (NYSE:LYB) will issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $1.48 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings results on Friday, February 2nd. The specialty chemicals company reported $1.26 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.07). The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.85 billion. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The firm’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 earnings per share. On average, analysts expect LyondellBasell Industries to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

LyondellBasell Industries Stock Down 0.3 %

LYB opened at $99.40 on Friday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.84 and a quick ratio of 1.17. The business has a 50 day simple moving average of $100.31 and a 200-day simple moving average of $96.13. The stock has a market capitalization of $32.35 billion, a P/E ratio of 15.36, a P/E/G ratio of 1.22 and a beta of 1.19. LyondellBasell Industries has a 12 month low of $84.80 and a 12 month high of $106.69.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Monday, March 4th were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend was Friday, March 1st. LyondellBasell Industries’s payout ratio is currently 77.28%.

Insiders Place Their Bets

In other LyondellBasell Industries news, Director Robin W.T. Buchanan sold 18,111 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $100.46, for a total value of $1,819,431.06. Following the completion of the sale, the director now directly owns 12,276 shares in the company, valued at $1,233,246.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Robin W.T. Buchanan sold 18,111 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $100.46, for a total transaction of $1,819,431.06. Following the completion of the sale, the director now owns 12,276 shares in the company, valued at approximately $1,233,246.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kenneth Todd Lane sold 29,229 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the sale, the executive vice president now directly owns 91,758 shares in the company, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders sold 80,853 shares of company stock worth $8,077,267 over the last ninety days. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On LyondellBasell Industries

A number of large investors have recently bought and sold shares of LYB. Blair William & Co. IL boosted its holdings in LyondellBasell Industries by 1.0% during the first quarter. Blair William & Co. IL now owns 10,812 shares of the specialty chemicals company’s stock valued at $1,112,000 after acquiring an additional 107 shares during the period. Sei Investments Co. boosted its holdings in LyondellBasell Industries by 26.2% during the first quarter. Sei Investments Co. now owns 41,362 shares of the specialty chemicals company’s stock valued at $4,349,000 after acquiring an additional 8,596 shares during the period. Prudential PLC bought a new stake in LyondellBasell Industries during the first quarter valued at about $731,000. Cetera Investment Advisers boosted its holdings in LyondellBasell Industries by 29.0% during the first quarter. Cetera Investment Advisers now owns 7,488 shares of the specialty chemicals company’s stock valued at $770,000 after acquiring an additional 1,684 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in LyondellBasell Industries by 20.2% during the first quarter. Moors & Cabot Inc. now owns 6,268 shares of the specialty chemicals company’s stock valued at $644,000 after acquiring an additional 1,053 shares during the period. 71.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LYB has been the subject of several recent research reports. Wells Fargo & Company raised their price target on LyondellBasell Industries from $105.00 to $117.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. raised their price target on LyondellBasell Industries from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Deutsche Bank Aktiengesellschaft downgraded LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Wednesday, January 10th. Barclays raised their price target on LyondellBasell Industries from $98.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Finally, Wolfe Research initiated coverage on LyondellBasell Industries in a research report on Friday, March 1st. They issued an “underperform” rating for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has an average 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.