HOUSTON, June 28, 2019 – Shares of LyondellBasell Industries N.V. (NYSE: LYB) lost -0.23% to $86.44. The stock grabbed the investor’s attention and traded 2.104M shares as compared to its average daily volume of 2.76M shares. The stock’s institutional ownership stands at 72.60%.
LyondellBasell Industries (LYB) reported first-quarter profit of $817.0M. The Houston-based company said it had profit of $2.19 per share. Earnings, adjusted for costs related to mergers and acquisitions, came to $2.22 per share. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share. The oil refiner and chemical company posted revenue of $8.78B in the period.
LYB has a market value of $32.13B while its EPS was booked as $11.09 in the last 12 months. The stock has 370.88M shares outstanding. In the profitability analysis, the company has gross profit margin of 15.90% while net profit margin was 11.20%. Beta value of the company was 1.28; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.30.