LyondellBasell Industries (LYB) Getting Positive Media Coverage, Analysis Shows

Media stories about LyondellBasell Industries (NYSE:LYB) have trended positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. LyondellBasell Industries earned a news sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the specialty chemicals company an impact score of 46.3764257323789 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Several brokerages recently weighed in on LYB. Morgan Stanley set a $115.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday, December 2nd. Citigroup raised 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. Vertical Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a report on Tuesday, January 9th. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $125.00 price target (up previously from $110.00) on shares of LyondellBasell Industries in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of $108.24.

LyondellBasell Industries (NYSE:LYB) opened at $110.34 on Wednesday. The company has a market capitalization of $43,850.98, a price-to-earnings ratio of 9.01, a P/E/G ratio of 1.15 and a beta of 1.12. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $121.95. The company has a quick ratio of 1.57, a current ratio of 2.46 and a debt-to-equity ratio of 0.96.

LyondellBasell Industries (NYSE:LYB) last issued 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 company had revenue of $9.14 billion for the quarter, compared to analyst estimates of $8.82 billion. LyondellBasell Industries had a return on equity of 55.09% and a net margin of 14.15%. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.94 earnings per share. equities analysts expect that LyondellBasell Industries will post 10.75 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.63%. This is an increase from LyondellBasell Industries’s previous quarterly dividend of $0.78. The ex-dividend date was Friday, March 2nd. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 32.65%.

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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.

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