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LyondellBasell beat earnings estimates, raised dividend, but faces mixed analyst outlook.
LyondellBasell (LYB) reported third-quarter earnings of $1.01 per share, beating estimates by $0.21, with $7.73 billion in revenue, above the $7.41 billion forecast, though down 10.2% year-over-year.
The company declared a quarterly dividend of $1.37, yielding 12.7%.
Institutional ownership remains at 71.2%, with Sound Income Strategies LLC increasing its stake by 10% to 326,328 shares, while Viking Fund Management LLC reduced its stake by 94%.
Analysts have mixed views, with a consensus “Reduce” rating and a target price of $53.94.
The stock opened at $43.13, with a market cap of $13.88 billion.
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LyondellBasell superó las estimaciones de ganancias, elevó el dividendo, pero enfrenta perspectivas mixtas de analistas.