LyondellBasell Industries to Announce Quarterly Earnings on Upcoming Friday

On Friday, February 2nd, before the opening bell, investors will be tuning in as LyondellBasell Industries (NYSE: LYB), a global leader in the chemical industry, reports its earnings for the quarter ending December 31, 2023. Analysts have set their expectations at earnings of $1.34 per share. Interested individuals can access the earnings conference call through a provided link to hear company executives discuss the financial results.

Current Financial Standing

Just prior to the earnings release, LYB stock was trading slightly up by 0.4% at $95.64. The company's stock has seen lows and highs of respectively $81.24 and $102.04 over the past 12 months. Financially, LyondellBasell holds a current ratio of 1.89, a quick ratio of 1.19, and a debt-to-equity ratio of 0.77. With a market cap of $31.02 billion, a P/E ratio of 13.70, and a beta of 1.17, investors are keenly monitoring the company’s performance indicators. Its dividend yield stands at 5.23%, following a recent payout of $1.25 per share.

Investment Actions

LyondellBasell has attracted the attention of hedge funds and institutional investors, some of whom have increased or decreased their stakes in the company. Such movements include new stakes acquired by firms such as Compass Wealth Management LLC and Fortis Capital Advisors LLC, and position increases by Quarry LP and Alpha Paradigm Partners LLC.

Analyst Insights

Wall Street analysts have mixed reviews on LYB shares, with recent adjustments to their price targets and ratings. While some lowered their price objectives, others have upgraded the stock to variations of 'neutral' or 'buy' ratings. The consensus among these analysts points to a 'Hold' position, with a mean price target of $101.36.

About LyondellBasell Industries

LyondellBasell Industries N.V. stands as a major chemical company with operations worldwide, divided into six segments ranging from Olefins and Polyolefins to Advanced Polymer Solutions and Technology. The company’s impact on the chemical industry and respective markets makes its performance an area of focus for many investors and industry analysts.

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