LyondellBasell Industries (NYSE:LYB) Announces Quarterly Earnings Results

LyondellBasell Industries (NYSE:LYB - Get Free Report) posted its quarterly earnings data on Friday. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53), RTT News reports. LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the firm earned $1.26 earnings per share.

LyondellBasell Industries Stock Up 2.6 %

Shares of LYB traded up $1.95 during mid-day trading on Tuesday, reaching $78.25. The company had a trading volume of 3,934,258 shares, compared to its average volume of 2,907,996. LyondellBasell Industries has a 52 week low of $72.21 and a 52 week high of $107.02. The company has a market capitalization of $25.41 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 5.11 and a beta of 1.05. The firm has a 50-day moving average price of $76.30 and a 200 day moving average price of $86.97. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.13 and a current ratio of 1.83.

LyondellBasell Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 6.85%. LyondellBasell Industries's dividend payout ratio (DPR) is currently 129.47%.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group decreased their price target on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating on the stock in a research note on Monday. StockNews.com cut shares of LyondellBasell Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Wells Fargo & Company cut their price target on shares of LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating for the company in a research report on Monday. Piper Sandler reissued a "neutral" rating and issued a $95.00 target price (down previously from $112.00) on shares of LyondellBasell Industries in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group decreased their price target on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating on the stock in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $89.17.

Insider Transactions at LyondellBasell Industries

In other news, Director Robin W.T. Buchanan bought 5,000 shares of the firm's stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $76.06 per share, with a total value of $380,300.00. Following the completion of the acquisition, the director now owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. This represents a 37.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

About LyondellBasell Industries

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.