LyondellBasell Industries (NYSE:LYB) Releases Earnings Results, Misses Expectations By $0.07 EPS

LyondellBasell Industries (NYSE:LYBGet Free Report) issued its quarterly earnings results on Friday. The specialty chemicals company reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.07), MarketWatch Earnings reports. The firm had revenue of $9.93 billion during the quarter, compared to analysts’ expectations of $9.85 billion. LyondellBasell Industries had a return on equity of 22.15% and a net margin of 5.53%. The firm’s revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.29 EPS.

LyondellBasell Industries Stock Down 1.8 %

Shares of LYB stock traded down $1.75 on Friday, hitting $92.86. The stock had a trading volume of 3,034,810 shares, compared to its average volume of 1,481,597. LyondellBasell Industries has a 52-week low of $81.24 and a 52-week high of $102.04. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.19 and a current ratio of 1.89. The firm has a market capitalization of $30.12 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.22 and a beta of 1.18. The stock’s 50 day moving average is $94.65 and its 200-day moving average is $95.14.

LyondellBasell Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 4th. Stockholders of record on Monday, November 27th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Friday, November 24th. LyondellBasell Industries’s payout ratio is currently 77.28%.

Analysts Set New Price Targets

Several equities analysts have issued reports on LYB shares. Bank of America upgraded shares of LyondellBasell Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $99.00 to $107.00 in a research note on Wednesday, October 18th. Vertical Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, January 3rd. Piper Sandler decreased their price target on shares of LyondellBasell Industries from $112.00 to $108.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Citigroup downgraded LyondellBasell Industries from a “buy” rating to a “neutral” rating and lowered their target price for the company from $105.00 to $98.00 in a research note on Wednesday, December 13th. Finally, Deutsche Bank Aktiengesellschaft cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a research note on Wednesday, January 10th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, LyondellBasell Industries has a consensus rating of “Hold” and an average target price of $100.69.

Read Our Latest Report on LyondellBasell Industries

Institutional Trading of LyondellBasell Industries

Several hedge funds have recently bought and sold shares of LYB. Compass Wealth Management LLC bought a new stake in shares of LyondellBasell Industries during the fourth quarter valued at about $25,000. Quarry LP raised its stake in shares of LyondellBasell Industries by 275.0% in the 2nd quarter. Quarry LP now owns 330 shares of the specialty chemicals company’s stock worth $30,000 after buying an additional 242 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in LyondellBasell Industries in the fourth quarter worth about $34,000. Covestor Ltd raised its holdings in shares of LyondellBasell Industries by 33.9% in the 1st quarter. Covestor Ltd now owns 446 shares of the specialty chemicals company’s stock worth $46,000 after purchasing an additional 113 shares in the last quarter. Finally, Alpha Paradigm Partners LLC raised its holdings in shares of LyondellBasell Industries by 59.2% in the 3rd quarter. Alpha Paradigm Partners LLC now owns 465 shares of the specialty chemicals company’s stock worth $35,000 after purchasing an additional 173 shares in the last quarter. 91.41% of the stock is currently owned by institutional investors.

LyondellBasell Industries Company Profile

(Get Free Report)

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.

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Earnings History for LyondellBasell Industries (NYSE:LYB)

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