Media stories about LyondellBasell Industries NV (NYSE:LYB) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. LyondellBasell Industries NV earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 46.4399368386652 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment’s rankings:
- LyondellBasell Industries Reaches Analyst Target Price (nasdaq.com)
- Is It Time To Buy LyondellBasell Industries NV (LYB) Based Off Its PE Ratio? (finance.yahoo.com)
- LyondellBasell Industries NV (NYSE:LYB) – Trend Analysis – The Investor Guide (wallstreetnews24.com)
- LyondellBasell Industries NV (LYB) is Rich Dividend Yielding stock with rate of 3.81% – Voice Of Analysts (analystsbuzz.com)
- XLB, MON, SHW, LYB: Large Outflows Detected at ETF – Nasdaq.com – Nasdaq (nasdaq.com)
Several research analysts have weighed in on the company. ValuEngine upgraded LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 6th. Cowen and Company reiterated a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries NV in a report on Monday, August 28th. BidaskClub cut shares of LyondellBasell Industries NV from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. UBS AG reissued a “neutral” rating and set a $88.00 price objective (up from $85.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Finally, Deutsche Bank AG reissued a “buy” rating and set a $94.00 price objective (up from $90.00) on shares of LyondellBasell Industries NV in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $95.67.
Shares of LyondellBasell Industries NV (LYB) traded down 0.53% during midday trading on Wednesday, hitting $96.05. 2,375,573 shares of the company traded hands. The stock’s 50-day moving average is $90.28 and its 200 day moving average is $86.32. LyondellBasell Industries NV has a 12-month low of $75.76 and a 12-month high of $97.64. The stock has a market capitalization of $38.02 billion, a P/E ratio of 10.72 and a beta of 1.04.
LyondellBasell Industries NV (NYSE:LYB) last issued its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.68 by $0.14. The firm had revenue of $8.40 billion during the quarter, compared to analysts’ expectations of $8.52 billion. LyondellBasell Industries NV had a net margin of 11.40% and a return on equity of 60.87%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.56 earnings per share. On average, analysts expect that LyondellBasell Industries NV will post $9.91 earnings per share for the current year.
LyondellBasell Industries NV declared that its board has authorized a stock buyback plan on Wednesday, May 24th that authorizes the company to repurchase 1,000% of shares. This repurchase authorization authorizes the specialty chemicals company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, September 6th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend was Friday, September 1st. LyondellBasell Industries NV’s dividend payout ratio is currently 40.18%.
In other news, Director Jagjeet S. Bindra sold 3,224 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $89.20, for a total value of $287,580.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.
About LyondellBasell Industries NV
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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