LyondellBasell Industries NV (LYB) Given Coverage Optimism Score of 0.18
Media coverage about LyondellBasell Industries NV (NYSE:LYB) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. LyondellBasell Industries NV earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news headlines about the specialty chemicals company an impact score of 46.4739332266913 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- LyondellBasell Industries (LYB) Shares Raised to Buy (investorplace.com)
- LyondellBasell Industries NV (LYB) stock rose 18.53% in recent quarter – Street Observer (press release) (streetobserver.com)
- Head-To-Head Comparison: LyondellBasell Industries NV (LYB) & Its Rivals (americanbankingnews.com)
- LyondellBasell Industries NV (LYB) & Its Rivals Financial Review (americanbankingnews.com)
- LyondellBasell Industries NV (LYB) stock RSI 74.42 Reading lies in an overbought Zone – Voice Of Analysts (analystsbuzz.com)
Several brokerages have issued reports on LYB. UBS AG reaffirmed a “neutral” rating and set a $85.00 target price (down previously from $94.00) on shares of LyondellBasell Industries NV in a research note on Sunday, June 25th. Nomura reaffirmed a “hold” rating and set a $99.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Tuesday, September 26th. ValuEngine raised shares of LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, September 6th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $96.00 target price (up previously from $90.00) on shares of LyondellBasell Industries NV in a research note on Saturday, September 30th. Finally, BidaskClub raised shares of LyondellBasell Industries NV from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $94.33.
LyondellBasell Industries NV (LYB) traded down 0.58% on Friday, hitting $98.90. The stock had a trading volume of 2,506,924 shares. LyondellBasell Industries NV has a one year low of $76.71 and a one year high of $100.74. The stock has a market cap of $39.14 billion, a price-to-earnings ratio of 11.04 and a beta of 1.04. The stock’s 50 day moving average is $94.16 and its 200 day moving average is $87.16.
LyondellBasell Industries NV (NYSE:LYB) last posted its quarterly earnings data on Friday, July 28th. The specialty chemicals company reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.68 by $0.14. The business had revenue of $8.40 billion for the quarter, compared to analyst estimates of $8.52 billion. LyondellBasell Industries NV had a return on equity of 60.87% and a net margin of 11.40%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.56 earnings per share. Analysts anticipate that LyondellBasell Industries NV will post $9.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, September 6th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date was Friday, September 1st. LyondellBasell Industries NV’s payout ratio is 40.18%.
In other LyondellBasell Industries NV news, Director Jagjeet S. Bindra sold 3,224 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $89.20, for a total value of $287,580.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.
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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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