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Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell Among the Top United Way of Greater Houston Campaigns for 2015

[PR Newswire] – HOUSTON, March 23, 2016 /PRNewswire/ — LyondellBasell (LYB), one of the world’s largest plastics, chemical and refining companies, today announced a donation of $1.9 million to the United Way of Greater Houston for its 2015 campaign. As part of the company’s 2015 effort, LyondellBasell held United Way campaigns at 22 company sites across the U.S. and raised a total of $2.7 million. Donations to the United Way of Greater Houston come from multiple LyondellBasell manufacturing sites, including the Channelview Complex, the Houston Refinery and the La Porte Complex, as well as the company’s operational headquarter offices in downtown Houston. Read more on this. LyondellBasell Industries N.V. (LYB) , valued at $36.57B, started the session at $85.10. Looking at today’s trading action, the company’s one day range from $84.82 to $85.92 with a trailing 52-week range being $69.10 to $107.32. Priced at 9.08x this year’s forecasted earnings, LYB shares are relatively inexpensive compared to the industry’s 15.73x forward p/e ratio. And for passive income investors, the company pays shareholders $3.12 per share annually in dividends, yielding 3.56%. Consensus earnings for the current quarter by the 18 sell-side analysts covering the stock is an estimate of $2.27 per share, which would be $0.27 worse than the year-ago quarter and a $0.17 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $9.48, which would be a $0.87 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $7.00 Billion. If reported, that would be a 14.43% decrease over the year-ago quarter. In terms of ratings, RBC Capital Mkts downgraded LYB from Top Pick to Outperform (Feb 3, 2016). Previously, Credit Agricole downgraded LYB from Outperform to Underperform. The average price target for LYB shares by the analysts covering it is $92.47, which is 8.66% above where the stock opened. See more in (NYSE:LYB) Similar Articles: Company Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Address Bank of America Global Agriculture & Chemicals Conference Company Update: LyondellBasell Industries NV (NYSE:LYB) – Specialty Chemicals Stocks Technical Review — Platform Specialty Products, LyondellBasell Industries, The Chemours, and Olin Market Update: LyondellBasell Industries NV (NYSE:LYB) – LyondellBasell to Discuss Fourth-Quarter Results on Tuesday, Feb. 2, 2016
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