LyondellBasell Industries (LYB) to Release Earnings on Friday

LyondellBasell Industries (NYSE:LYB) is expected to be posting its quarterly earnings results before the market opens on Friday, April 25th. Analysts expect LyondellBasell Industries to post earnings of $0.63 per share and revenue of $7.69 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB) last posted its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 EPS for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a net margin of 3.39% and a return on equity of 15.97%. During the same period last year, the company posted $1.26 earnings per share. On average, analysts expect LyondellBasell Industries to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

LyondellBasell Industries Stock Performance

NYSE:LYB opened at $56.75 on Friday. The stock has a 50 day simple moving average of $69.94 and a 200 day simple moving average of $77.50. The stock has a market cap of $18.36 billion, a P/E ratio of 13.71, a PEG ratio of 0.97 and a beta of 0.89. LyondellBasell Industries has a 1-year low of $51.11 and a 1-year high of $107.02. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84.

LyondellBasell Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were issued a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date was Monday, March 10th. LyondellBasell Industries’s dividend payout ratio is currently 129.47%.

Insider Activity at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $72.05 per share, with a total value of $270,187.50. Following the purchase, the director now directly owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Royal Bank of Canada lowered shares of LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 price target on the stock. in a research report on Wednesday, April 9th. Barclays lowered their target price on shares of LyondellBasell Industries from $80.00 to $72.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. UBS Group reiterated a “sell” rating and issued a $51.00 price target (down from $76.00) on shares of LyondellBasell Industries in a research note on Monday, April 7th. Piper Sandler lowered their price objective on LyondellBasell Industries from $84.00 to $67.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. Finally, Citigroup cut their target price on LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.50.

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.