LyondellBasell Industries (NYSE:LYB) Announces Quarterly Earnings Results

LyondellBasell Industries (NYSE:LYB) announced its quarterly earnings results on Friday. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53), RTT News reports. LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. During the same quarter in the prior year, the firm earned $1.26 EPS.

LyondellBasell Industries Stock Performance

Shares of LYB stock traded down $0.21 during midday trading on Friday, hitting $75.91. 1,923,692 shares of the company were exchanged, compared to its average volume of 2,589,271. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The firm has a market capitalization of $24.65 billion, a P/E ratio of 11.57, a PEG ratio of 5.26 and a beta of 1.06. The firm’s 50 day moving average price is $76.63 and its two-hundred day moving average price is $87.41. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.25 and a current ratio of 2.13.

LyondellBasell Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 9th. Shareholders of record on Monday, December 2nd were issued a $1.34 dividend. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a dividend yield of 7.06%. LyondellBasell Industries’s dividend payout ratio is currently 81.58%.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, Director Robin W.T. Buchanan acquired 5,000 shares of the company’s stock in a transaction on Friday, December 13th. The stock was acquired at an average price of $76.06 per share, for a total transaction of $380,300.00. Following the purchase, the director now directly owns 18,175 shares of the company’s stock, valued at $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

LYB has been the subject of several research analyst reports. Barclays decreased their price objective on LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Mizuho lowered their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a research report on Monday, December 9th. Piper Sandler reiterated a “neutral” rating and set a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a report on Tuesday, January 7th. Morgan Stanley cut their price target on LyondellBasell Industries from $110.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, StockNews.com lowered LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $94.33.

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.