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LyondellBasell Industries N.V.

5/24/2013, 3:15 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 23, 3:11 PM Chatter says trading desks are busy with corporate buyback activity today as CFOs take advantage of a little selling to put repurchase plans into action. AAPL is the gorilla, having bumped its authorization to $60B from $10B. Others of note include: LyondellBasel (LYB), Merck (MRK) - which just entered an accelerated repurchase program, NetApp (NTAP), Northrop Grumman (NOC), Macy's (M), and Delta (DAL). There's also IBM - long with a reputation for issuing debt at lows in yield. Is their equity timing as good? 6 Comments
Wednesday, May 22, 4:07 PM LyondellBasell (LYB) says that shareholders at its annual meeting have approved the repurchase of up to 10% of the company's outstanding stock over the next 12 months. The repurchases will be executed from time to time through open market or privately negotiated transactions. Shares +1.1% AH. Comment! [On the Move]
Friday, April 26, 8:59 AM More on LyondellBasell's (LYB) Q1 results: Operating income in olefins and polyolefins in the Americas rose 58%, while sales of those chemicals in the Europe, Asia and International segment surged to $93M from $3M a year ago. Although "results improved from recent quarters, underlying economic and industry conditions have not," CEO Jim Gallogly says. Shares +1.7% premarket. Comment! [Commodities, Earnings, On the Move]
Friday, April 26, 7:07 AM LyondellBasell (LYB): Q1 EPS of $1.56 beats by $0.12. Revenue of $10.66B misses by $0.48B. (PR) Comment! [Earnings, Breaking News]
Friday, April 26, 12:05 AM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Thursday, April 25, 5:30 PM Notable earnings before Friday’s open: ABBV, AEP, AON, ARLP, B, BKW, BPO, COV, CVX, DHI, DLR, DTE, FLIR, GDI, GNC, GT, HMSY, IMGN, ITRI, LAZ, LYB, MPW, NOV, SPG, TRP, TYC, VFC, VTR, WETF, WY Comment! [Earnings]
Thursday, March 28, 3:45 PM While North American specialty chemicals producers should continue to benefit from cost advantage and volume growth, they are unlikely to get help from global price gains in coming years, Credit Suisse says. The firm still sees a positive outlook for U.S. olefin and polyolefin producers such as DOW, LYB and {{WLK]], and chlor-alkali/vinyls producers such as OXY, OLN and AXLL. Comment! [Commodities, Quick Ideas]
Thursday, March 14, 2:52 PM Deutsche Bank is out with some posititve comments on LyondellBasell Industries (LYB +2.7%) today, raising its price target to $75 from $70 and reiterating its Buy rating on the back of its investor meeting. Deutsche's David Begleiter noted that LYB's investor meeting exceeded expectations as management increased its EBITDA target in 2016 from new capacity/improvement projects to $1.6 - $2.0B from $1B previously, and he's confident the company can earn $10 a share. Comment! [On the Move]
Wednesday, March 13, 12:28 PM Lyondell Basell (LYB -1%) expects to complete by April the upgrade of its Houston refinery to run new heavy Canadian crude oil that will nearly triple its capacity to 175K bbl/day from 60K. LYB also plans to expand its Corpus Christi cracker by 800M lbs/year of ethylene, with construction scheduled to begin in 2014 and projected completion in 2015. Comment! [Energy]
Tuesday, March 12, 10:17 AM Strategas analyst Daniel Clifton sees a better than 50% chance the Keystone pipeline (TRP) will be approved by late summer, and he thinks seven stocks will benefit directly or indirectly: CNQ, COP, DE, XOM, LYB, PWR and VLO - companies which already are doing well, and adding incremental revenue from Keystone should only help to improve their top and bottom lines. 6 Comments [Energy, Quick Ideas]
Wednesday, February 13, 6:01 PM LyondellBasell (LYB) says top shareholder Apollo Global Management (APO) plans to sell 25M shares in the chemical maker. LYB won’t receive any proceeds from the offering, and the number of ordinary shares won’t change. APO currently owns 153.7M shares of LYB, 27% of shares outstanding. LYB -0.7% AH. Comment! [Commodities]
Tuesday, February 12, 5:45 PM LyondellBasell Industries NV (LYB) declares $0.40/share quarterly dividend, in line with previous. Forward yield 2.64%. For shareholders of record Feb. 25. Payable Mar. 18. Ex-div date Feb. 21. The board will seek approval for share repurchase on May 22 at annual general meeting. (PR) Comment! [Dividends]
Monday, February 4, 2:29 PM At least two analysts raise price targets for LyondellBasell (LYB +0.2%), seeing a favorable setup for 2013 as U.S. NGL-based feedstock costs continue to stay low and both propylene and ethylene contract prices in the U.S. increase. Imperial Capital expects continued accelerating EPS growth, with share repurchases potentially beginning in H2 and new capacity expansions starting up. Comment! [Commodities, Quick Ideas]
Friday, February 1, 2:36 PM LyondellBasell (LYB -2.4%) slips today, despite swinging to a Q4 profit as the company benefited from an easy comparison against a year-earlier period that was weighed down by debt repayment charges. Net income was $623M, or $1.09 a share, a reversal from net losses of $218M, or $0.38 a share, in the prior year period. LYB emerged from Chapter 11 bankruptcy in 2010, and like others in the chemicals industry, has benefited from low U.S. natural gas prices, although its revenue and profits had fallen of late on market weakness in Europe. Comment! [Earnings, On the Move]
Friday, February 1, 9:33 AM LyondellBasell (LYB): Q4 EPS of $1.13 misses by $0.01. Revenue of $11.1B (+1.1% Y/Y) misses by $200M. (PR) 2 Comments [Earnings, Commodities, Breaking News]
Friday, February 1, 12:05 AM Notable earnings before Friday’s open: AON, BEAM, BEN, BPO, CVX, HCLP, IR, LM, LYB, MAT, MRK, NOV, NS, NWL, PRGO, TSN, WETF, XOM Comment! [Earnings]