Please see the LyondellBasell Industries website (NYSE: LYB) if you require further information. In a research note distributed to investors on the morning of August 28, KeyCorp disclosed a decrease in the profit-per-share prediction it had previously provided for LyondellBasell Industries’ third quarter of 2022. An analyst at KeyCorp named A. Yefremov has predicted that the specialized chemicals industry will earn $3.81 per share in the fourth quarter. This decreased from the previous forecast, which was $4.19 per share. The stock of KeyCorp currently carries a rating of Underweight, and a price objective of $73.00 has been established for the stock. LyondellBasell Industries is expected to earn an average of $17.35 per share for the whole year, according to the most recent forecasts made by industry analysts. According to KeyCorp, it is anticipated that LyondellBasell Industries will earn $12.76 per share throughout its fiscal year 2023. On July 29, LyondellBasell Industries (NYSE: LYB) announced the publication of its most recent quarterly report, making it accessible to the general public. The company specializing in chemicals had quarterly earnings per share of $5.19, which was $0.28 better than the estimated $4.91 market experts.
The company announced sales for the quarter that came in at $14.84 billion, which was much higher than the analysts’ average forecast of $13.70 billion, which the company provided. In their financial accounts, LyondellBasell Industries revealed that they had achieved a return on equity of 49.41% and a profit margin of 10.19%. Compared to the same period the previous year, the revenue the company brought in for the quarter was up by 28.3%. Compared to the prior year’s results for the same quarter, the current year’s results are $6.13 per share. In recent times, LYB has attracted the interest of many equity research specialists from around the sector. The price goal for LyondellBasell Industries was reduced by $15.00, as stated in a research report distributed by Wells Fargo & Business on Tuesday, August 2. The previous price objective was $125.00. The brokerage firm also assigned the company an “overweight” rating for its assessment of the company. Morgan Stanley lowered their “overweight” rating for LyondellBasell Industries, which had previously been set at $127.00, and their target price, which had previously been set at $127.00, to $115.00 in a research note that was posted on Tuesday, August 2. In a research note made public on Friday, June 17, JPMorgan Chase & Co. indicated that the price objective they had set for LyondellBasell Industries had been cut from $130.00 to $115.00. The original price goal was set at $130.00. In a research note published on May 31, Alembic Global Advisors lowered their price objective for LyondellBasell Industries from $120.00 to $115.00 and downgraded the company from “overweight” to “neutral.”
In a research note published on July 25, Piper Sandler cut their price objective on LyondellBasell Industries from $115.00 to $98.00. This was the last item on the agenda. There have been a total of three research experts who have suggested selling the stock, eleven research experts who have suggested keeping the stock, and eight research experts who have suggested purchasing the stock. The company is currently rated as having a “Hold” status, and market analysts have projected that its price will reach an average of $104.60 over the next twelve months. This information was obtained from Bloomberg. On Tuesday, the cost of purchasing a share of LYB stock was $85.84 per share. During the past year, the share price of LyondellBasell Industries has fluctuated between $82.14 and $117.22, with the price reaching an all-time high of $117.22. The stock price has a moving average of $87.78 over the past fifty days, and its price has a moving average of $98.53 over the past 200 days. There is a ratio of 0.90 for the debt to equity ratio, 1.01 for the quick ratio to the current ratio, and 1.68 for the current ratio to the quick ratio. The price-to-earnings ratio for the company is 5.23, the price-to-earnings growth ratio is 0.63, and the beta value is 1.27. In addition, the company has announced the declaration of a quarterly dividend, which is scheduled to be distributed on September 6. The corporation is currently valued at $28 billion on the market. Shareholders with their record information will be eligible to receive a dividend payment on August 29 for $1.19. LyondellBasell Industries has increased the dividend it distributes every quarter, and the new amount is $1.13. The date that shareholders will no longer receive dividends is this Friday, August 26. This equates to an annual dividend payout of $4.76 and a dividend yield of 5.55% for the investment.
LyondellBasell Industries has a dividend payout ratio that is currently sitting at 29.01% at the moment. On Tuesday, June 7, Director Jagjeet S. Bindra sold 2,640 shares of company stock, which brings us to another development in this matter. The total value of the transaction for the shares came to be $294,201.60, and the price that was paid for each share came out to an average of $111.44. After the completion of the transaction, the director will have possession of 7,020 shares of the company. Based on the current market price, these shares are expected to be worth $782,308.80. The transaction was disclosed to the public through a filing with the Securities and Exchange Commission, which may be located on the website of the SEC. On Tuesday, June 7, Director Jagjeet S. Bindra sold 2,640 company stock shares, bringing us to another development concerning this matter. The total value of the transaction for the shares came to be $294,201.60, and the price that was paid for each share came out to an average of $111.44. Following the completion of the transaction, the director will be directly vested in 7,020 shares of the company’s stock, which at the moment have a value of $782,308.80. A report outlining the transaction was sent to the Securities and Exchange Commission. The report in full can be found on this website for anyone interested in reading it. In addition, on June 8, Michael C. McMurray, Chief Financial Officer of the firm, sold 33,880 shares of the company’s stock. The acquisition of each share occurred at an average price of $110.94 during the duration of the sale, which resulted in a total value of the transaction that was equal to $3,758,647.20.
As a consequence of the sale, the chief financial officer now directly owns 39,612 shares in the company. The current value of these shares when traded on the market is $4,394,555.28. Disclosures that are related to the sale might be found in this section of the website. The number of shares held by the insiders accounts for 0.18% of the total. Recent months have seen several hedge funds and institutional investors adjust the proportion of their company’s stock. During the second quarter, BDO Wealth Advisors LLC increased its holdings of LyondellBasell Industries by 3.5 percent, bringing its total ownership to 100 percent. After purchasing an additional 180 shares during the most recent quarter, BDO Wealth Advisors LLC is now the direct owner of 5,391 shares in the specialty chemicals firm. Stock During the second quarter of the fiscal year, Yards Bank & Trust Company invested $245,000 in purchasing shares in LyondellBasell Industries. During the second quarter of this year, Summit Global Investments purchased stock in LyondellBasell Industries for $1,065,000. During the second quarter, Captrust Financial Advisors witnessed a rise in the value of its investment in LyondellBasell Industries, equivalent to a 41.0% increase. After making further purchases totaling 15,829 stock units throughout the quarter, Captrust Financial Advisors now directly holds 54,417 shares in the specialty chemicals company.
The price at which these shares are currently trading on the market is $4,759,000. In the second quarter, Legal & General Group Plc increased the proportion of LyondellBasell Industries stock owned by 2.2%. This brings us to our last point. Following the acquisition of an additional 37,730 shares of the specialty chemicals company’s stock during the period covered by the report, Legal & General Group Plc currently holds 1,747,649 shares of the latter’s common stock. The value of these shares on the market as of right now is $152,849,000. The majority of the company’s shares, or 70.07 percent, are now held by hedge funds and other institutional investors. LyondellBasell Industries, Inc. is a chemical producer and manufacturer. Industries: LyondellBasell, Inc. Basell Industries N.V. has operations in a variety of nations across the world, including the United States of America, Germany, Italy, Poland, France, China, and the Netherlands, among others. China and Japan are two other nations besides those in which the corporation operates. Advanced Polymer Solutions, Intermediates, Derivatives, Refining, Technology, Olefins, and Polyolefins are the six distinct divisions that comprise the firm. Olefins and polyolefins’ intermediates and derivatives, to put it simply,
