96.94 0.00 (0.00%)
After hours: 4:47PM EDT
|Bid||95.00 x 800|
|Ask||104.00 x 900|
|Day's Range||96.93 - 98.37|
|52 Week Range||96.19 - 121.95|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||6.55|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||4.00 (3.84%)|
|1y Target Est||115.10|
On October 11, PolyOne (POL) declared its quarterly cash dividend. The press release said that PolyOne would pay a dividend of $0.195 per share. The dividend rate represents 11% growth over the previous year.
On October 11, Celanese (CE) announced that it entered into a definitive agreement to acquire Next Polymers. However, Celanese didn’t disclose the financial aspects of the acquisition. Celanese expects the deal to be completed by the first quarter of 2019.
In a press release on October 11, LyondellBasell discussed the launch of a new copolymer—Purell EP374M. The new product targets the Healthcare segment by storing medicine and healthcare components.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
HOUSTON and LONDON, Oct. 4, 2018 /PRNewswire/ -- LyondellBasell (LYB), one of the largest plastics, chemicals and refining companies in the world, today announced that its wholly owned subsidiary, A. Schulman, Inc., has declared a quarterly dividend of $15.00 per share for A. Schulman's convertible special stock. LyondellBasell acquired A. Schulman on August 21, 2018. LyondellBasell (LYB) is one of the largest plastics, chemicals and refining companies in the world.
Is LyondellBasell Industries (LYB) a great pick from the value investor's perspective right now? Read on to know more.
The SEC’s 13F filings by institutional investors on June 30 indicate that institutional investors own ~77.4% of Sherwin-Williams’s (SHW) outstanding shares. At the end of the second quarter, Sherwin-Williams had 94.88 million outstanding shares. Overall, 946 institutions held shares in Sherwin-Williams. Among the institutions, 392 institutions increased their position in Sherwin-Williams, 378 reduced their position, and 176 maintained their position.
On September 25, Westlake Chemical (WLK) announced that it entered into an agreement to acquire Nakan from OpenGate Capital. Westlake Chemical will pay $265 million in cash. Nakan will likely complement Westlake Chemical’s existing compounding business and improve its global presence.
On September 18, Celanese announced that it will increase acetate tow prices. The price increase will be effective on November 1 or as the contract allows. The prices will increase across all of the acetate tow grades. The increase will impact Eastern Europe and Asia. Celanese will increase the acetate tow prices by $1.00 per kilogram.
Celanese (CE), a specialty chemical company, has outperformed its selected peers so far in 2018. YTD (year-to-date), Celanese has risen ~6%. Its peer Eastman Chemical (EMN) has risen 5% YTD. LyondellBasell (LYB) and Westlake Chemical (WLK) have fallen 7.4% and 21.2%, respectively, YTD. However, CE has underperformed the S&P 500 (SPY), which has gained 8.6% in the same period.
The latest short interest report on August 31 indicates that Celanese’s (CE) short interest is at the lowest point since the beginning of 2018. According to the latest report, CE’s short interest as a percentage of its outstanding shares is 1.44%.
Over the past six years, data indicate that Celanese (CE) has been generating positive free cash flows. In that period, CE has generated an average free cash flow of $362 million. At the end of the second quarter of 2018, it generated a free cash flow of $562 million.
At the end of the second quarter of 2018, Celanese (CE) reported debt of ~$.3.6 billion. Its debt remained stable at ~$3 billion between 2012 and 2016. However, at the end of 2017, Celanese raised 300 million euros to fund its qualified US pension plans. As a result, CE’s debt is at its highest level in more than six years.
The bearish case for chemical company LyondellBasell Industries NV (NYSE: LYB ) rests on expectations for declining financial performance in 2019, according to JPMorgan. The Analyst JPMorgan's Jeffrey ...
Shares of LyondellBasell Industries NV dropped 2.2% in premarket trade Wednesday, after J.P. Morgan turned bearish on the chemical company, citing the recent sharp rise in feedstock costs. Analyst Jeffrey Zekauskas cut his rating to underweight, after being at neutral since June 2016. He also slashed his stock price target to $95, which is 7% below Tuesday's closing price, from $110. Zekauskas said his new bearish stance is driven primarily by the big jump in ethane prices, which has increased 50% since August. "The supply/demand characteristics of ethane are much tighter than had been understood previously," Zekauskas wrote in a note to clients. "We believe that the raw material volatility undermines confidence in Lyondell's business forecasts for 2019." The stock has lost 8.2% over the past three months, while the SPDR Materials Select Sector ETF has tacked on 2.0% and the S&P 500 has gained 5.1%.
On September 12, Dow Chemical, part of DowDuPont (DWDP), announced debottlenecking and capacity expansion plans in its silicones business. The company intends to meet the growing demand in end markets like electrical, consumer goods, performance building, and home and personal care. However, Dow Chemical didn’t specify the financial aspects of the investment.
The circular steam project will allow LyondellBasell (LYB) and Covestro to realize annual CO2 reduction and drive yearly energy savings.
On September 4, LyondellBasell (LYB) and joint venture partner Covestro announced they had initiated a new project at their site in Maasvlakte-Rotterdam in the Netherlands. The new initiative is expected to reduce annual levels of carboxylic acid and reduce carbon-dioxide emissions by 140,000 metric tons. This project is a step towards the Netherlands’ target to reduce carbon-dioxide emissions by 49% by 2030.
The new Dow will include three verticals: consumer care, infrastructure, and packaging. DWDP expects form ten to be effective in Q1 2019, which is close to the separation date. Jim Fitterling, CEO of the new Dow, said, “The Form 10 is a significant step towards the creation of the new Dow – the world’s leading materials science company.
HOUSTON, Sept. 11, 2018 /PRNewswire/ -- LyondellBasell, one of the largest plastics, chemicals and refining companies in the world, for the 19th consecutive year engaged thousands of its employees, along with their family members and friends on Global Care Day. Each Global Care Day service project assists an organization that supports one of our philanthropic focus areas: education, environment, health and first responders. "A strong commitment to our communities drives our philanthropy strategy to address challenges at a local level," said Bob Patel, CEO of LyondellBasell.
Olin Corporation (OLN) turned out to be one of the best performers among the specialty segments in August. It gained ~4.1% and outperformed the broader market S&P 500 (SPY), which gained 3% that month. Among Olin’s peers, LyondellBasell (LYB) rose 1.8%, while Celanese (CE) and Eastman Chemical (EMN) fell ~1.15 and ~6.4%, respectively.
On August 30, 2018, a press release from Eastman Chemical said that Tritan will be used by Apollo Brands, a part of Apollo Hospitals Enterprise. The Indian government’s BPA ban related to food contact products has resulted in Apollo selecting Eastman’s Tritan, which is BPA-free. Eastman Tritan has FDA approval and also holds many global certifications.