LyondellBasell Industries NV (NYSE:LYB) – Analysts at SunTrust Banks cut their Q1 2018 earnings per share estimates for LyondellBasell Industries in a research note issued on Thursday, April 12th. SunTrust Banks analyst J. Sheehan now expects that the specialty chemicals company will post earnings per share of $2.95 for the quarter, down from their prior estimate of $3.03. SunTrust Banks has a “Hold” rating and a $105.00 price target on the stock. SunTrust Banks also issued estimates for LyondellBasell Industries’ Q2 2018 earnings at $2.56 EPS and Q3 2018 earnings at $2.42 EPS.
LYB has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Monday, February 5th. Morgan Stanley set a $130.00 price objective on shares of LyondellBasell Industries and gave the company a “buy” rating in a research report on Friday, February 16th. Barclays upped their price objective on shares of LyondellBasell Industries from $115.00 to $125.00 and gave the company an “overweight” rating in a research report on Monday, February 5th. Vertical Research cut shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Cowen restated a “hold” rating and issued a $125.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $108.39.
LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.18. The firm had revenue of $9.14 billion for the quarter, compared to the consensus estimate of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. TCI Wealth Advisors Inc. boosted its stake in shares of LyondellBasell Industries by 229.9% during the 4th quarter. TCI Wealth Advisors Inc. now owns 1,016 shares of the specialty chemicals company’s stock worth $112,000 after buying an additional 708 shares during the last quarter. CENTRAL TRUST Co boosted its stake in shares of LyondellBasell Industries by 149.2% during the 4th quarter. CENTRAL TRUST Co now owns 1,144 shares of the specialty chemicals company’s stock worth $126,000 after buying an additional 685 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $134,000. Certified Advisory Corp acquired a new position in shares of LyondellBasell Industries during the 4th quarter worth about $157,000. Finally, Oakworth Capital Inc. boosted its stake in shares of LyondellBasell Industries by 47.5% during the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock worth $163,000 after buying an additional 501 shares during the last quarter. 75.13% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Robin W.T. Buchanan bought 322 shares of LyondellBasell Industries stock in a transaction that occurred on Wednesday, June 6th. The stock was purchased at an average cost of $81.86 per share, with a total value of $26,358.92. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders purchased 854 shares of company stock valued at $79,915. Company insiders own 0.09% of the company’s stock.
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LyondellBasell Industries 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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