LyondellBasell Industries (LYB) to Release Quarterly Earnings on Friday

LyondellBasell Industries (NYSE:LYB - Get Free Report) is set to post its quarterly earnings results before the market opens on Friday, April 26th. Analysts expect LyondellBasell Industries to post earnings of $1.48 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last announced 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). LyondellBasell Industries had a return on equity of 21.89% and a net margin of 5.16%. The business had revenue of $9.93 billion for the quarter, compared to analyst estimates of $9.85 billion. During the same quarter last year, the company earned $1.29 EPS. The business's revenue for the quarter was down 6.6% compared to the same quarter last year. 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 Up 1.3 %

Shares of LYB traded up $1.34 during mid-day trading on Friday, hitting $100.74. 2,015,378 shares of the company's stock were exchanged, compared to its average volume of 1,946,310. The firm has a fifty day moving average of $100.42 and a two-hundred day moving average of $96.18. LyondellBasell Industries has a twelve month low of $84.80 and a twelve month high of $106.69. The stock has a market cap of $32.78 billion, a price-to-earnings ratio of 15.57, a P/E/G ratio of 1.23 and a beta of 1.19. The company has a quick ratio of 1.17, a current ratio of 1.84 and a debt-to-equity ratio of 0.80.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $5.00 annualized dividend and a dividend yield of 4.96%. LyondellBasell Industries's dividend payout ratio (DPR) is 77.28%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wells Fargo & Company increased their price target on shares of LyondellBasell Industries from $105.00 to $117.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 2nd. Citigroup raised their target price on shares of LyondellBasell Industries from $96.00 to $104.00 and gave the company a "neutral" rating in a research note on Wednesday, April 10th. Vertical Research upgraded shares of LyondellBasell Industries from a "hold" rating to a "buy" rating in a research note on Wednesday, January 3rd. JPMorgan Chase & Co. raised their target price on shares of LyondellBasell Industries from $100.00 to $105.00 and gave the company an "overweight" rating in a research note on Friday, March 22nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $107.00 target price on shares of LyondellBasell Industries in a research note on Monday, February 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries currently has an average rating of "Hold" and a consensus target price of $103.82.

Insider Buying and Selling at LyondellBasell Industries

In other LyondellBasell Industries news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $100.47, for a total value of $711,729.48. Following the completion of the sale, the chief accounting officer now directly owns 27,575 shares of the company's stock, valued at approximately $2,770,460.25. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Chukwuemeka A. Oyolu sold 7,084 shares of the firm's stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $100.47, for a total transaction of $711,729.48. Following the completion of the transaction, the chief accounting officer now directly owns 27,575 shares of the company's stock, valued at approximately $2,770,460.25. The transaction 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 firm's stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the transaction, the executive vice president now directly owns 91,758 shares of the company's stock, valued at $9,101,476.02. The disclosure for this sale can be found here. Insiders sold a total of 80,853 shares of company stock valued at $8,077,267 in the last ninety days. Company insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On LyondellBasell Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in LyondellBasell Industries by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 31,223,459 shares of the specialty chemicals company's stock valued at $2,968,726,000 after purchasing an additional 290,401 shares during the last quarter. State Street Corp lifted its holdings in LyondellBasell Industries by 2.9% during the 1st quarter. State Street Corp now owns 12,322,280 shares of the specialty chemicals company's stock valued at $1,266,977,000 after purchasing an additional 348,169 shares during the last quarter. Morgan Stanley lifted its holdings in LyondellBasell Industries by 0.6% during the 4th quarter. Morgan Stanley now owns 5,564,134 shares of the specialty chemicals company's stock valued at $461,990,000 after purchasing an additional 34,064 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in LyondellBasell Industries by 205.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,454,483 shares of the specialty chemicals company's stock valued at $458,010,000 after purchasing an additional 2,995,335 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in LyondellBasell Industries by 250.7% in the 1st quarter. JPMorgan Chase & Co. now owns 4,331,930 shares of the specialty chemicals company's stock valued at $406,726,000 after acquiring an additional 3,096,710 shares in the last quarter. 71.20% of the stock is owned by institutional investors.

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.