LyondellBasell Industries NV (LYB) Expected to Post Q2 2018 Earnings of $2.69 Per Share

LyondellBasell Industries NV (NYSE:LYB) – Stock analysts at SunTrust Banks issued their Q2 2018 earnings per share (EPS) estimates for LyondellBasell Industries in a note issued to investors on Monday. SunTrust Banks analyst J. Sheehan forecasts that the specialty chemicals company will post earnings per share of $2.69 for the quarter. SunTrust Banks has a “Hold” rating and a $105.00 price objective on the stock. SunTrust Banks also issued estimates for LyondellBasell Industries’ Q4 2018 earnings at $2.37 EPS.

LYB has been the topic of several other reports. Morgan Stanley set a $115.00 price objective on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday, December 2nd. Cowen increased their price target on LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. Citigroup upgraded LyondellBasell Industries from a “neutral” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Monday, December 18th. Royal Bank of Canada reiterated a “hold” rating and issued a $119.00 price target on shares of LyondellBasell Industries in a research report on Thursday, January 25th. Finally, UBS Group increased their price target on LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $107.84.

Shares of LyondellBasell Industries (NYSE:LYB) traded down $0.80 on Wednesday, reaching $109.47. The company had a trading volume of 325,321 shares, compared to its average volume of 2,152,368. LyondellBasell Industries has a 52-week low of $78.01 and a 52-week high of $121.95. The company has a market capitalization of $44,897.47, a PE ratio of 8.95, a PEG ratio of 1.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.46 and a quick ratio of 1.57.

LyondellBasell Industries (NYSE:LYB) last announced its quarterly earnings data on Friday, February 2nd. The specialty chemicals company reported $2.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.18. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The firm had revenue of $9.14 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period last year, the business posted $1.94 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kingfisher Capital LLC grew its holdings in shares of LyondellBasell Industries by 0.5% during the 2nd quarter. Kingfisher Capital LLC now owns 16,703 shares of the specialty chemicals company’s stock worth $1,410,000 after purchasing an additional 75 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of LyondellBasell Industries by 0.4% in the 2nd quarter. Advisory Services Network LLC now owns 19,225 shares of the specialty chemicals company’s stock valued at $1,622,000 after purchasing an additional 81 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of LyondellBasell Industries by 1.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,533 shares of the specialty chemicals company’s stock valued at $2,769,000 after purchasing an additional 434 shares in the last quarter. Oakworth Capital Inc. boosted its holdings in shares of LyondellBasell Industries by 47.5% in the 4th quarter. Oakworth Capital Inc. now owns 1,556 shares of the specialty chemicals company’s stock valued at $163,000 after purchasing an additional 501 shares in the last quarter. Finally, Intellectus Partners LLC boosted its holdings in shares of LyondellBasell Industries by 8.0% in the 2nd quarter. Intellectus Partners LLC now owns 7,264 shares of the specialty chemicals company’s stock valued at $613,000 after purchasing an additional 536 shares in the last quarter. Hedge funds and other institutional investors own 74.28% of the company’s stock.

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About LyondellBasell Industries

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.

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

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