LyondellBasell Industries (NYSE:LYB – Get Free Report) announced its quarterly earnings data on Friday. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.17, RTT News reports. LyondellBasell Industries had a net margin of 5.16% and a return on equity of 21.89%. The business had revenue of $9.93 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the firm posted $2.50 EPS. The company’s revenue was down 3.1% on a year-over-year basis.
LyondellBasell Industries Stock Up 2.6 %
LYB traded up $2.57 on Friday, hitting $102.25. The company had a trading volume of 1,464,864 shares, compared to its average volume of 1,910,965. The stock has a fifty day moving average price of $100.78 and a 200-day moving average price of $96.41. LyondellBasell Industries has a 12-month low of $84.80 and a 12-month high of $106.69. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.17 and a current ratio of 1.84. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 1.24 and a beta of 1.19.
LyondellBasell Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a $1.25 dividend. The ex-dividend date was Friday, March 1st. This represents a $5.00 annualized dividend and a yield of 4.89%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 77.28%.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on LyondellBasell Industries
Insider Buying and Selling at LyondellBasell Industries
In other news, CFO Michael C. Mcmurray sold 16,940 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the sale, the chief financial officer now owns 88,858 shares in the company, valued at $8,960,440.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Michael C. Mcmurray sold 16,940 shares of LyondellBasell Industries stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $100.84, for a total transaction of $1,708,229.60. Following the completion of the sale, the chief financial officer now owns 88,858 shares of the company’s stock, valued at $8,960,440.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Todd Lane sold 29,229 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $99.19, for a total transaction of $2,899,224.51. Following the completion of the transaction, the executive vice president now owns 91,758 shares in the company, valued at approximately $9,101,476.02. The disclosure for this sale can be found here. Insiders have sold 80,853 shares of company stock worth $8,077,267 over the last quarter. Insiders own 0.11% of the company’s stock.
About LyondellBasell Industries
LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
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