LyondellBasell Industries (NYSE:LYB) Issues Quarterly Earnings Results

LyondellBasell Industries (NYSE:LYB) posted its quarterly earnings data on Friday. The specialty chemicals company reported $2.24 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.01, RTT News reports. LyondellBasell Industries had a net margin of 5.20% and a return on equity of 19.31%. The company had revenue of $10.56 billion during the quarter, compared to analyst estimates of $10.44 billion. During the same quarter last year, the business posted $2.44 earnings per share. The company’s revenue was up 2.4% on a year-over-year basis.

LyondellBasell Industries Stock Performance

LYB stock opened at $94.39 on Friday. The company has a quick ratio of 1.32, a current ratio of 2.12 and a debt-to-equity ratio of 0.85. LyondellBasell Industries has a twelve month low of $88.46 and a twelve month high of $107.02. The business’s fifty day moving average is $96.00 and its 200-day moving average is $98.08. The company has a market cap of $30.74 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.21 and a beta of 1.09.

LyondellBasell Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Monday, June 3rd were given a dividend of $1.34 per share. This is a boost from LyondellBasell Industries’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $5.36 annualized dividend and a dividend yield of 5.68%. LyondellBasell Industries’s payout ratio is presently 82.84%.

Analysts Set New Price Targets

Several brokerages have recently commented on LYB. Barclays increased their target price on LyondellBasell Industries from $100.00 to $104.00 and gave the stock an “equal weight” rating in a report on Monday, May 6th. Citigroup increased their price objective on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Mizuho boosted their target price on shares of LyondellBasell Industries from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 29th. Royal Bank of Canada increased their price target on shares of LyondellBasell Industries from $107.00 to $113.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, UBS Group dropped their price objective on shares of LyondellBasell Industries from $106.00 to $101.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, LyondellBasell Industries has an average rating of “Hold” and an average price target of $105.17.

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.