Q2 2017 EPS Estimates for LyondellBasell Industries NV (LYB) Reduced by Analyst

LyondellBasell Industries NV (NYSE:LYB) – Analysts at SunTrust Banks lowered their Q2 2017 earnings estimates for LyondellBasell Industries NV in a report released on Thursday. SunTrust Banks analyst J. Sheehan now expects that the specialty chemicals company will earn $2.60 per share for the quarter, down from their prior forecast of $2.69. SunTrust Banks also issued estimates for LyondellBasell Industries NV’s Q3 2017 earnings at $2.37 EPS and FY2020 earnings at $6.70 EPS.

LYB has been the topic of several other research reports. Instinet lifted their target price on shares of LyondellBasell Industries NV from $82.00 to $91.00 and gave the company a “neutral” rating in a report on Monday, February 6th. Bank of America Corp downgraded shares of LyondellBasell Industries NV from a “buy” rating to an “underperform” rating and lowered their target price for the company from $98.00 to $70.00 in a report on Monday, May 8th. Vertical Research raised shares of LyondellBasell Industries NV from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, May 9th. Evercore ISI started coverage on shares of LyondellBasell Industries NV in a report on Monday, February 13th. They issued a “buy” rating and a $109.00 target price on the stock. Finally, Royal Bank of Canada lifted their target price on shares of LyondellBasell Industries NV from $92.00 to $95.00 and gave the company a “sector perform” rating in a report on Monday, February 6th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company’s stock. LyondellBasell Industries NV has an average rating of “Hold” and a consensus target price of $91.00.

Earnings History and Estimates for LyondellBasell Industries NV (NYSE:LYB)

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Shares of LyondellBasell Industries NV (NYSE:LYB) opened at 80.73 on Monday. LyondellBasell Industries NV has a one year low of $69.82 and a one year high of $97.64. The company has a 50 day moving average price of $83.73 and a 200-day moving average price of $88.02. The stock has a market cap of $32.52 billion, a price-to-earnings ratio of 9.24 and a beta of 1.04.

LyondellBasell Industries NV (NYSE:LYB) last announced its quarterly earnings results on Friday, April 28th. The specialty chemicals company reported $2.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by $0.36. The firm had revenue of $8.43 billion during the quarter, compared to analysts’ expectations of $7.59 billion. LyondellBasell Industries NV had a net margin of 13.15% and a return on equity of 63.76%. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.48 EPS.

A number of institutional investors have recently modified their holdings of LYB. Biltmore Wealth Management LLC increased its stake in LyondellBasell Industries NV by 0.4% in the first quarter. Biltmore Wealth Management LLC now owns 8,405 shares of the specialty chemicals company’s stock valued at $766,000 after buying an additional 30 shares in the last quarter. First Heartland Consultants Inc. increased its stake in LyondellBasell Industries NV by 1.9% in the first quarter. First Heartland Consultants Inc. now owns 2,500 shares of the specialty chemicals company’s stock valued at $228,000 after buying an additional 47 shares in the last quarter. National Asset Management Inc. increased its stake in LyondellBasell Industries NV by 0.5% in the third quarter. National Asset Management Inc. now owns 11,584 shares of the specialty chemicals company’s stock valued at $506,000 after buying an additional 53 shares in the last quarter. Exchange Capital Management Inc. increased its stake in LyondellBasell Industries NV by 0.6% in the fourth quarter. Exchange Capital Management Inc. now owns 9,670 shares of the specialty chemicals company’s stock valued at $830,000 after buying an additional 60 shares in the last quarter. Finally, Glenview Trust Co increased its stake in LyondellBasell Industries NV by 0.5% in the first quarter. Glenview Trust Co now owns 14,001 shares of the specialty chemicals company’s stock valued at $1,277,000 after buying an additional 75 shares in the last quarter. 69.75% of the stock is owned by hedge funds and other institutional investors.

In related news, major shareholder Ai New Holdings 2 Llc sold 246,212 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $94.19, for a total transaction of $23,190,708.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.14% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 12th. Investors of record on Monday, June 5th will be given a dividend of $0.90 per share. This is a positive change from LyondellBasell Industries NV’s previous quarterly dividend of $0.85. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $3.60 annualized dividend and a yield of 4.46%. LyondellBasell Industries NV’s dividend payout ratio is 37.36%.

LyondellBasell Industries NV Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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