LyondellBasell Industries Stock (NYSE: LYB)

LyondellBasell Industries (NYSE:LYB) Stock, Quote.Headers.trade-ideas

LyondellBasell Industries

LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia. The company is the world's largest producer of polypropylene and is also a major producer of polyethylene and propylene oxide. Its chemicals are used in various consumer and industrial end products. Well over half of LyondellBasell's production comes from its North American operations.

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LyondellBasell reported Q2 2024 revenues of $10.55B, up from $10.306B a year ago. Adjusted EBITDA was $1.37B and Adjusted EPS was $2.24. Company remains optimistic about Q3 outlook.

LyondellBasell Beats On Q2, Provides Optimistic Margin Guidance For Q3 Amid Favorable Cost Conditions

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LyondellBasell Industries NV Ordinary Shares Class A (Netherlands)

LyondellBasell Industries NV

Lyons Bancorp Inc

The Nasdaq 100 closed lower by over 300 points during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Synchronoss Technologies</h3>
<ul>
<li>The Trade: Synchronoss Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCR#NASDAQ">SNCR</a>) 10% owner Bryant R Riley <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 12,210 shares</a> at an average price of $12.82. The insider received around $156,494 from selling those shares.</li>
<li>What's Happening: On Aug. 6, Synchronoss Technologies posted better-than-expected quarterly earnings.</li>
<li>What Synchronoss Technologies Does: Synchronoss Technologies Inc is a leading provider of white-label cloud, messaging, digital and network management solutions that enable its customers to keep subscribers, systems, networks and content in sync.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">SNCR news.</a></li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="828" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213.png" alt="" class="wp-image-510249" style="width:583px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23052026/image-213-768x709.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Meta Platforms</h3>
<ul>
<li>The Trade: Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Chief Legal Officer Jennifer Newstead <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 905 shares</a> at an average price of $528.38. The insider received around $478,184 from selling those shares.</li>
<li>What's Happening: Meta's social media platform Threads is reportedly exploring the integration of advertisements to generate revenue. However, the company has stated that it is not currently testing ads in Threads and has no immediate plans for monetization.</li>
<li>What Meta Platforms Does: Meta is the world&#8217;s largest online social network, with nearly 4 billion family of apps monthly active users.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">trend in META stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="911" height="836" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215.png" alt="" class="wp-image-510350" style="width:642px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215.png 911w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215-300x275.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062007/image-215-768x705.png 768w" sizes="(max-width: 911px) 100vw, 911px" /></a></figure>
<h3 class="wp-block-heading">Cisco</h3>
<ul>
<li>The Trade: Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) EVP, Operations Thimaya K. Subaiya <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,270 shares</a> at an average price of $50.33. The insider received around $416,248 from selling those shares.</li>
<li>What's Happening: On Aug. 14, Cisco reported fiscal fourth-quarter revenue of $13.64 billion, beating the consensus estimate of $13.537 billion.</li>
<li>What Cisco Does: Cisco Systems is the largest provider of networking equipment in the world and one of the largest software companies in the world.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"> breakout in CSCO shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="875" height="817" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218.png" alt="" class="wp-image-510366" style="width:539px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218.png 875w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062440/image-218-768x717.png 768w" sizes="(max-width: 875px) 100vw, 875px" /></a></figure>
<h3 class="wp-block-heading">LyondellBasell Industries</h3>
<ul>
<li>The Trade: LyondellBasell Industries N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) EVP, Ops Excellence, HSE Dale D Friedrichs <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 4,970 shares</a> at an average price of $96.78. The insider received around $480,997 from selling those shares.</li>
<li>What's Happening: On Aug. 22, LyondellBasell entered into an agreement to acquire full ownership of APK AG in Merseburg, Germany.</li>
<li>What LyondellBasell Industries Does: LyondellBasell is a petrochemical producer with operations in the United States, Europe, and Asia.</li>
<li>Benzinga Pro&#8217;s earnings calendar was used to track upcoming <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1">LYB&#8217;s earnings reports</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="873" height="822" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217.png" alt="" class="wp-image-510356" style="width:614px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217.png 873w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217-300x282.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/23062240/image-217-768x723.png 768w" sizes="(max-width: 873px) 100vw, 873px" /></a></figure>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40521881/nasdaq-s-p-500-close-lower-as-investors-await-jerome-powells-jackson-hole-address-fear-greed-index-">Nasdaq, S&amp;P 500 Close Lower As Investors Await Jerome Powell&#8217;s Jackson Hole Address: Fear &amp; Greed Index Stays In &#8216;Neutral&#8217; Zone</a></li>
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Expands Company's Technology Portfolio and Circular Hub
<ul>
<li>Acquisition increases&nbsp;LYB Circular and Low Carbon Solutions Business and diversification of innovative recycling technologies</li>
<li>Transaction encompasses existing assets and planned growth projects</li>
</ul>
ROTTERDAM, Netherlands, Aug. 22, 2024 /PRNewswire/ -- LyondellBasell (LYB) today announced it entered into an agreement to acquire full ownership of APK AG in Merseburg, Germany. Enabled by its technology, the acquisition positions LYB to grow and upgrade its Circular and Low Carbon Solutions business.
Closing of the transaction is subject to customary closing conditions. LYB believes APK's solvent-based recycling technology is a perfect fit with its already existing mechanical and advanced recycling technologies. Therefore, it already invested in the company in the past and made collaborative efforts on bringing the technology to scale. By acquiring APK, LYB secures the future of the company after it entered into insolvency at the end of May 2024.

LYB To Acquire APK AG Recycling Technology; No Financial Terms Disclosed

WIIM

LyondellBasell Industries shares are trading higher after Deutsche Bank maintained a Hold rating on the stock and raised its price target from $105 to $110.

Deutsche Bank analyst David Begleiter maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Hold and raises the price target from $105 to $110.

Analyst Ratings

Deutsche Bank Maintains Hold on LyondellBasell Industries, Raises Price Target to $110

JP Morgan analyst Jeffrey Zekauskas maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Overweight and raises the price target from $110 to $113.

JP Morgan Maintains Overweight on LyondellBasell Industries, Raises Price Target to $113

Wells Fargo analyst Michael Sison maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Overweight and lowers the price target from $117 to $110.

Wells Fargo Maintains Overweight on LyondellBasell Industries, Lowers Price Target to $110

LyondellBasell Industries N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) reported second-quarter fiscal 2024 revenues of $10.55 billion, up from $10.306 billion a year ago, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40125912/lyondellbasell-reports-second-quarter-2024-earnings" rel="noreferrer noopener">beating the consensus of $10.44 billion.</a>
Adjusted EBITDA stood at $1.37 billion (-5.3% Y/Y), and the margin contracted by 107 bps to 13%. Adjusted EPS stood at $2.24, <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">beating the consensus of $2.23.</a>
Second-quarter volumes saw a boost from higher production and improving seasonal demand. In North America, olefins and polyolefins volumes rose, supported by favorable ethane and natural gas costs that bolstered integrated margins.
In Europe, integrated polyethylene margins grew due to the increased use of advantaged LPG feedstocks.
&#8220;Increased production from LYB&#8217;s assets, higher integrated margins, and rising seasonal demand drove sequential improvements in second quarter profitability.&nbsp; Underlying business results increased by nearly 30 percent over the first quarter.&nbsp; We continue to make significant strides on our ambitions to grow and upgrade our core businesses as part of our three-pillar strategy to unlock value,&#8221; commented Peter Vanacker, LyondellBasell&#8217;s chief executive officer.
The company&#8217;s strong cash conversion resulted in $1.3 billion in cash from operating activities. The company invested $484 million in capital expenditures and returned $513 million to shareholders through dividends and share repurchases.&nbsp;
LYB held $2.9 billion in cash and short-term investments and $7.0 billion in available liquidity at the end of the quarter.
The company divested the EO&amp;D business for $700 million while investing ~$500 million to acquire a 35% stake in the feedstock-advantaged NATPET joint venture in Saudi Arabia.
Q3 Outlook: The company expects margins to continue to benefit from low costs for natural gas and natural gas liquids utilized in LYB&#8217;s North American and Middle East production relative to higher <a href="https://www.benzinga.com/calendars/guidance">oil-based costs in most other regions.</a>
LYB expects to operate its assets in line with market demand with average operating rates of 85% for North American olefins and polyolefins (O&amp;P) assets, 80% for European O&amp;P assets, and 75% for Intermediates &amp; Derivatives assets.&nbsp;
Price Action: LYB shares traded lower by 2.18% at $96.14 at the last check Friday.

LyondellBasell Expects Margins To Continue To Benefit From Low Costs For Natural Gas And Natural Gas Liquids Utilized In North American And Middle East Production

LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) reported quarterly earnings of $2.24 per share which beat the analyst consensus estimate of $2.23 by 0.45 percent. The company reported quarterly sales of $10.558 billion which beat the analyst consensus estimate of $10.444 billion by 1.09 percent. This is a 2.45 percent increase over sales of $10.306 billion the same period last year.

Earnings Beats

LyondellBasell Industries Q2 2024 Adj. EPS $2.24 Beats $2.23 Estimate, Sales $10.558B Beat $10.444B Estimate

UBS analyst Joshua Spector maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Neutral and lowers the price target from $106 to $101.

UBS Maintains Neutral on LyondellBasell Industries, Lowers Price Target to $101

<a href="https://www.lyondellbasell.com/en/news-events/corporate--financial-news/lyondellbasell-expands-pp-compounding-production-in-china/" title="https://www.lyondellbasell.com/en/news-events/corporate--financial-news/lyondellbasell-expands-pp-compounding-production-in-china/">https://www.lyondellbasell.com/en/news-events/corporate--financial-news/lyondellbasell-expands-pp-compounding-production-in-china/</a>

'LyondellBasell Expands PP Compounding Production In China' - LyondellBasell

LyondellBasell (LYB) and Alujain Corporation (Alujain) today announced completion of the acquisition of a 35% interest in Saudi Arabia&ndash;based National Petrochemical Industrial Company (NATPET) by LYB from Alujain.
The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB&nbsp;to profitably expand its core PP business&nbsp;by gaining access to advantaged feedstocks and additional product marketing volumes.

LyondellBasell Expands Core Polypropylene Business With 35% Stake In National Petrochemical Industrial Company From Alujain In Saudi Arabia; NOTE: Was Originally Announced January 16, 2024

The dividend will be paid to shareholders on&nbsp;June 10, 2024, with an ex-dividend and record date of&nbsp;June 3, 2024.

Dividends

LyondellBasell Boosts Quarterly Dividend By 7% From $1.25 To $1.34 Per Share

LyondellBasell Weighs Strategic Options For European Assets; Co Says Will 'prioritize its investments to align operations with our circularity and net zero ambitions'

Barclays analyst Michael Leithead maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Equal-Weight and raises the price target from $100 to $104.

Barclays Maintains Equal-Weight on LyondellBasell Industries, Raises Price Target to $104

Deutsche Bank analyst David Begleiter maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Hold and raises the price target from $100 to $105.

Deutsche Bank Maintains Hold on LyondellBasell Industries, Raises Price Target to $105

BMO Capital analyst John McNulty maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Market Perform and raises the price target from $99 to $105.

BMO Capital Maintains Market Perform on LyondellBasell Industries, Raises Price Target to $105

RBC Capital analyst Arun Viswanathan maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Outperform and raises the price target from $107 to $113.

RBC Capital Maintains Outperform on LyondellBasell Industries, Raises Price Target to $113

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Mizuho raised the price target for LyondellBasell Industries N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) from $98 to $108. Mizuho analyst Christopher Parkinson maintained a Neutral rating. LyondellBasell shares rose 2.5% to close at $102.13 on Friday. <a href="https://www.benzinga.com/quote/LYB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup boosted the price target for Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) from $93 to $105. Citigroup analyst Tyler Radke upgraded the stock from Neutral to Buy. Shopify shares rose 1.1% to close at $71.33 on Friday. <a href="https://www.benzinga.com/quote/SHOP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities increased Colgate-Palmolive Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>) price target from $90 to $100. B of A Securities analyst Bryan Spillane maintained a Buy rating. Colgate-Palmolive shares rose 1.9% to close at $91.01 on Friday. <a href="https://www.benzinga.com/quote/CL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised the price target for Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) from $9 to $10. Canaccord Genuity analyst Brian McNamara maintained a Buy rating. Newell Brands shares rose 12.3% to close at $7.79 on Friday. <a href="https://www.benzinga.com/quote/NWL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Rosenblatt cut Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) price target from $297 to $292. Rosenblatt analyst Barton Crockett maintained a Neutral rating. Charter Communications shares fell 1.7% to close at $254.61 on Friday. <a href="https://www.benzinga.com/quote/CHTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer increased DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) price target from $140 to $150. Oppenheimer analyst Jason Helfstein maintained an Outperform rating. DoorDash shares rose 3.1% to close at $132.11 on Friday. <a href="https://www.benzinga.com/quote/DASH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Susquehanna cut the price target for Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) from $200 to $185. Susquehanna analyst Christopher Rolland maintained a Positive rating. AMD shares gained 2.4% to close at $157.40 on Friday. <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) price target from $546 to $395. Barclays analyst Adrienne Yih downgraded the stock from Overweight to Equal-Weight. Lululemon shares rose 1.3% to close at $364.70 on Friday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>HC Wainwright &amp; Co. boosted Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) price target from $250 to $300. HC Wainwright &amp; Co. analyst Mike Colonnese maintained a Buy rating. Coinbase shares rose 5.7% to close at $236.32 on Friday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies slashed Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) price target from $28 to $20. Jefferies analyst Sheila Kahyaoglu downgraded the stock from Hold to Underperform. Southwest Airlines shares fell 0.8% to close at $27.03 on Friday. <a href="https://www.benzinga.com/quote/LUV/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Mizuho analyst Christopher Parkinson maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Neutral and raises the price target from $98 to $108.

Mizuho Maintains Neutral on LyondellBasell Industries, Raises Price Target to $108

74 S&P 500 stocks that can beat the cash yield - BofA

The specialty chemical industry is growing steadily as chemical products are the base products for many industrial sectors. Hence, it could be wise to buy top specialty chemicals stocks, LyondellBasell Industries (LYB), Innospec (IOSP), and NewMarket Corp (NEU) for innovative materials. Read more... The global chemical industry is experiencing substantial growth, fueled by increased sustainability initiatives and rising demand across various sectors. Given the industry's tailwinds, investors could consider buying fundamentally sound chemicals stocks, LyondellBasell Industries N.V. (<a href="https://stocknews.com/stock/LYB/">LYB</a>), Innospec Inc. (<a href="https://stocknews.com/stock/IOSP/">IOSP</a>), and NewMarket Corporation (<a href="https://stocknews.com/stock/NEU/">NEU</a>).
Specialty chemicals are used across nearly every industrial sector. Over half of the global production is consumed by four key industries: food and beverages, soap, cleaning, and cosmetics, construction, and electronics. The global specialty chemicals market is anticipated to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/specialty-chemicals-market">CAGR of 5.2% by 2030</a>, driven by industrialization and rising consumer economies.
Moreover, rising environmental concerns are pushing industries to adopt <a href="https://www.databridgemarketresearch.com/reports/global-chemicals-market">sustainable practices, from renewable resources to eco-friendly production</a> and recyclable chemical industry products. Companies embracing these changes meet regulations and cater to the growing demand for eco-conscious options.
Considering these encouraging trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry stocks, beginning with the third choice. 
Stock #3: LyondellBasell Industries N.V. (<a href="https://stocknews.com/stock/LYB/">LYB</a>)
LYB is a chemical company operating internationally. It operates in six segments: Olefins and Polyolefins Americas; Olefins and Polyolefins Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
On May 30, 2024, LYB and Alujain Corporation announced the completion of LYB's acquisition of a 35% interest in Saudi Arabia–based National Petrochemical Industrial Company (NATPET) from Alujain.
The joint venture is enabled by LYB Spheripol polypropylene (PP) technology and positions LYB to profitably expand its core PP business by gaining access to advantaged feedstocks and additional product marketing volumes.
LYB's trailing-12-month ROCE of 17.57% is 185.3% higher than the 6.16% industry average. Its trailing-12-month ROTC of 7.67% is 55.8% higher than the 4.92% industry average. Likewise, the company's trailing-12-month ROTA of 6.26% is 154.9% higher than the 2.46% industry average.
For the second quarter ended June 30, 2024, LYB's sales and other <a href="https://www.investopedia.com/terms/o/operating-revenue.asp">operating revenues</a> increased 2.4% year-over-year to $10.56 billion. The company generated a net income of $924 million, up 29.2% year-over-year. Moreover, its EPS grew 95.8% year-over-year to $2.18.
For the fourth quarter ending December 31, 2024, EA's revenue is expected to increase marginally year-over-year to $10.69 billion. Its EPS for the same quarter is expected to grow 43.6% year-over-year to $1.81. Moreover, the company surpassed revenue estimates in each of the trailing four quarters, which is impressive.
LYB's stock has gained 2.8% over the month to close the last trading session at $96.20.
LYB's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has a B grade for Value and Stability. It is ranked #25 in the 80-stock B-rated <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry.
Beyond what is stated above, we've also rated LYB for Momentum, Growth, Sentiment, and Quality. Get all LYB ratings <a href="https://stocknews.com/stock/LYB/">here</a>.
Stock #2: Innospec Inc. (<a href="https://stocknews.com/stock/IOSP/">IOSP</a>)
IOSP develops, manufactures, blends, markets, and supplies specialty chemicals in the United States, the rest of North America, the United Kingdom, the rest of Europe, and internationally. The company operates through three segments: Performance Chemicals, Fuel Specialties, and Oilfield Services.
On June 5, 2024, IOSP, a global leader in specialty chemicals, announced that its Performance Chemicals business had entered into a social partnership with the International Justice Mission (IJM).  
IJM is a global nonprofit organization working with local authorities in 33 communities to combat modern slavery and violence against women, rescuing and restoring victims, holding perpetrators accountable, and strengthening the local public justice systems to build a safe future that lasts.
IOSP's trailing-12-month gross profit margin of 30.65% is 8.1% higher than the 28.36% industry average. Its trailing-12-month net income margin of 7.90% is 57.4% higher than the 5.02% industry average. Likewise, the company's trailing-12-month levered FCF margin of 7.19% is 33.6% higher than the 5.38% industry average.
For the fiscal second quarter that ended June 30, 2024, IOSP's net sales were reported at $435 million. The company's gross profit was reported at $126.90 million. In addition, the company's net income stood at $31.20 million and earnings per share at $1.24, up 8% and 6.9% year-over-year.
Street expects IOSP's revenue for the fiscal third quarter (ending September 2024) to increase 6.7% year-over-year to $495.10 million. The company's EPS is expected to rise 4.4% from the prior year's quarter to $1.66. Moreover, the company surpassed EPS estimates in each of the trailing four quarters.
Over the past nine months, the stock has gained 10% to close the last trading session at $109.43.
IOSP's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, which equates to a Buy in our proprietary rating system.
IOSP has a B grade for Stability and Sentiment. The stock is ranked #12 in the same industry.
<a href="https://stocknews.com/stock/IOSP/">Click here</a> to access the additional IOSP ratings (Growth, Momentum, Value, and Quality).
Stock #1: NewMarket Corporation (<a href="https://stocknews.com/stock/NEU/">NEU</a>)
NEU primarily manufactures and sells petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrains, and hydraulic systems.
On August 8, 2024, NEU declared a quarterly dividend in the amount of $2.50 per share, payable on October 1, 2024. The company pays $10 annually, which translates to a yield of 1.85% on the prevailing price level. Its four-year average dividend yield is 2.17%. The company has raised its dividend payouts at a CAGR of 7.7% over the past three years.
NEU's trailing-12-month gross profit margin of 29.94% is 5.6% higher than the 28.36% industry average. Its trailing-12-month EBIT margin of 20.68% is 92.4% higher than the 10.75% industry average. Likewise, the company's trailing-12-month EBITDA margin of 24.09% is 46.9% higher than the 16.40% industry average.
During the second quarter, which ended June 30, 2024, NEU reported net sales of $710.23 million, up 3.7% year-over-year. Its segment operating profit increased 15.5% from the previous year's quarter to $151.42 million. The company's net income and EPS were $111.62 million and $11.63, up 12% and 12.3% year-over-year, respectively.
Shares of NEU have soared 7.3% over the past month to close the last trading session at $546.20.
NEU's POWR Ratings reflect bright prospects. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
NEU has a B grade for Growth, Stability, Sentiment, and Quality. It is ranked #5 in the same industry.
In addition to the POWR Ratings highlighted above, one can access NEU's ratings for Momentum and Value <a href="https://stocknews.com/stock/NEU/">here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
LYB shares were trading at $96.84 per share on Friday afternoon, up $0.64 (+0.67%). Year-to-date, LYB has gained 4.55%, versus a 12.81% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/lyb-neu-iosp-3-specialty-chemical-stocks-for-innovative-materials/>3 Specialty Chemical Stocks for Innovative Materials</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Specialty Chemical Stocks for Innovative Materials

RSPM: Materials Dashboard For August

LyondellBasell declares $1.34 dividend

10 Great Dividend Stocks For The Next 10 Years

As the world shifts towards sustainability, the electric vehicle (EV) revolution is driving a surge in demand for crucial components and suppliers. In this evolving landscape, one could consider investing in fundamentally sound EV suppliers, such as LyondellBasell Industries (LYB), Amkor Technology (AMKR), and BorgWarner (BWA), that are flying under the radar. Read on… The electric vehicle (EV) boom isn't just turbocharging the fortunes of car manufacturers; it's also fueling a surge in demand for essential components and suppliers critical to the industry's growth. This growing need sparks innovation and drives companies to develop more efficient, long-lasting, cost-effective batteries.
Amid this backdrop, it could be wise to scoop up the shares of under-the-radar electric vehicle suppliers like LyondellBasell Industries N.V. (<a href="https://stocknews.com/stock/LYB/">LYB</a>), Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>), and BorgWarner Inc. (<a href="https://stocknews.com/stock/BWA/">BWA</a>).
By 2024, one in four new cars on the road will be electric, with global sales <a href="https://www.greenmatch.co.uk/electric-vehicles">hitting over 17 million</a> units. This trend is expected to continue, with EVs forecasted to account for 46% of light-vehicle sales by 2025, growing to 68% by 2030 and 83% by 2035.
According to Statista, the market's growth will be robust, leading to a projected volume of $906.70 billion by 2028, growing at a <a href="https://www.statista.com/outlook/mmo/electric-vehicles/worldwide">CAGR of 9.8%</a>. Moreover, the Biden-Harris Administration's <a href="https://highways.dot.gov/newsroom/biden-harris-administration-announces-623-million-grants-continue-building-out-electric">$623 million investment</a> in expanding EV charging infrastructure underscores the accelerating commitment to this sector. This boost encourages companies in this space to innovate and enhance EV technology even further.
As the industry evolves, it is driving a massive surge in demand for everything from advanced batteries to innovative automotive parts. In fact, the global demand for batteries is expected to quadruple to <a href="https://www.batterytechonline.com/industry-outlook/report-global-battery-demand-to-quadruple-by-2030">4,100 gigawatt-hours (GWh) by 2030</a>.
Considering these encouraging trends, let's take a look at the fundamental aspects of the featured stocks in detail:
LyondellBasell Industries N.V. (<a href="https://stocknews.com/stock/LYB/">LYB</a>)
LYB is a global chemical company that creates solutions for everyday, sustainable living. The company operates in six segments: Olefins and Polyolefins Americas; Olefins and Polyolefins Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.
On July 26, LYB launched its new Schulamid ET100 product line, a revolutionary polyamide-based compound for automotive interior structural solutions, such as door window frames. This latest addition highlights the company's innovation in Engineered Polymers and expands its Engineered Plastics portfolio for the automotive industry.
On June 14, LYB unveiled a new production line at its Dalian facility in China, marking a significant expansion for its Advanced Polymer Solutions (APS) business. This latest addition, which will manufacture high-performance polypropylene compounds primarily for the automotive sector, doubles the site's production capacity to 40,000 tonnes annually. This expansion strengthens LYB's foothold in China and enables it to meet growing demand.
In terms of forward non-GAAP P/E, LYB is trading at 12.17x, 22.5% lower than the industry average of 15.69x. Likewise, the stock's forward EV/Sales and Price/Sales multiples of 1.02 and 0.77 are 40.4% and 43.9% lower than their respective industry averages of 1.71 and 1.37.
LYB's sales and other operating revenues for the fiscal second quarter that ended June 30, 2024, increased 2.4% year-over-year to $10.56 billion, while its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> stood at $1.64 billion, up 18.9% over the prior-year quarter. The company's net income and EPS increased by 29.2% and 29.4% year-over-year to $924 million and $2.82, respectively.
Street expects LYB's revenue for the fiscal fourth quarter (ending December 2024) to increase 1.6% year-over-year to $10.09 billion. Its EPS for the same period is expected to register a 43.3% growth from the prior year, settling at $1.81. In addition, it surpassed the consensus revenue estimates in each of the trailing four quarters, which is excellent.
Shares of LYB have gained 1.6% year-to-date to close the last trading session at $96.56.
LYB's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
LYB has a B grade for Value and Stability. It is ranked #28 out of 80 stocks in the B-rated <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry. <a href="https://stocknews.com/stock/LYB/">Click here</a> to access the other LYB ratings for Growth, Momentum, Sentiment, and Quality.
Amkor Technology, Inc. (<a href="https://stocknews.com/stock/AMKR/">AMKR</a>)
AMKR offers outsourced semiconductor packaging and test services across multiple regions, including the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. The company provides a full suite of services, including wafer bumping, probing, back-grinding, package design, packaging, system-level and final testing, and drop shipment.
On July 26, AMKR signed a Memorandum of Terms with the US Department of Commerce to receive proposed funding under the CHIPS and Science Act. The funding will support the construction of AMKR's first domestic OSAT (outsourced semiconductor assembly and test) facility, set to become the largest of its kind in the United States.
In the same month, AMKR and Infineon Technologies AG (<a href="https://stocknews.com/stock/IFNNY/">IFNNY</a>), a leader in power systems and IoT, signed a Memorandum of Understanding to advance decarbonization and sustainability strategies across the supply chain. Both companies will work with common suppliers to improve their green practices and set emissions reduction targets, enhancing their sustainability efforts.
In terms of forward non-GAAP P/E, AMKR is trading at 20.53x, 11.6% lower than the industry average of 23.23x. Likewise, the stock's forward EV/Sales and Price/Cash Flow multiples of 1.20 and 6.47 are 58.5% and 66.2% lower than the industry averages of 2.88x and 19.15x, respectively.
For the second quarter of 2024, which ended on June 30, AMKR's net sales increased marginally year-over-year to $1.46 billion, while its operating income margin improved by 40 basis points to 5.6%. Its operating income stood at $82 million, up 7.9% year-over-year, while its attributable net income amounted to $67 million, representing an increase of 4.7% from the last year. Also, the company's adjusted EPS for the quarter increased 3.8% year-over-year to $0.27.
For the third quarter of 2024, AMKR anticipates net sales to range from $1.79 billion to $1.89 billion, with a gross margin of 14%-16%. Net income is projected to be between $105 million and $140 million, or $0.42 to $0.56 per diluted share.
Analysts expect AMKR's revenue for the fiscal fourth quarter (ending December 2024) to grow 5.1% year-over-year to $1.84 billion, while its EPS for the same quarter is expected to increase 12.6% year-over-year to $0.54. Moreover, the company has topped the EPS estimates in each of the trailing four quarters, which is promising.
Over the past year, the stock has gained 28.8%, closing the last trading session at $32.40.
It's no surprise that AMKR has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Value and Momentum. Out of 90 stocks in the <a href="https://stocknews.com/category/semiconductor-wireless-chip/">Semiconductor &amp; Wireless Chip</a> industry, AMKR is ranked #14.
Beyond what is stated above, we've also rated AMKR for Growth, Stability, Sentiment, and Quality. Get all AMKR ratings <a href="https://stocknews.com/stock/AMKR/">here</a>.
BorgWarner Inc. (<a href="https://stocknews.com/stock/BWA/">BWA</a>)
BWA provides technology solutions for combustion, hybrid, and electric vehicles worldwide. The company's products help improve vehicle performance, propulsion efficiency, stability, and air quality. It operates in three segments: Air Management; Drivetrain &amp; Battery Systems; and ePropulsion.
On July 31, BWA secured multiple contracts to supply its electric cross differential (eXD) technology to three major OEMS, including GAC motor, an East Asian automaker, and a prominent global OEM in Europe. The eXD will be integrated into various BEV models, from sports cars to premium sedans, enhancing vehicle efficiency and communication.
On the same day, BWA announced a contract to deliver its high-voltage eFan system for a major global OEM's heavy- and medium-duty BEV series in North America. The management believes that the efficient eFan system has the scalability to meet specific customer requirements, with a wide voltage range and liquid cooling for long-term reliability.
In terms of forward EV/Sales, BWA is trading at 0.71x, which is 41.1% lower than the industry average of 1.20x. The stock's forward Price/Cash Flow ratio of 4.93x is 48.8% below the industry average of 9.63x. Also, its forward EV/EBITDA multiple of 5.25 compares to the industry average of 9.78x.
In the fiscal second quarter that ended on June 30, 2024, BWA's net sales amounted to $3.60 billion, while its gross profit increased marginally year-over-year to $685 million. Net earnings attributable to BWA came in at $303 million, up 48.5% year-over-year. The company's adjusted EPS grew 12.3% from the prior-year quarter to $1.19. In addition, its free cash flow stood at $297 million, compared to the year-ago value of $30 million.
As per the updated full-year 2024 guidance, the company projects adjusted net earnings between $3.95 and $4.15. Organic sales are forecasted to grow by 0.5% to 2.5%. In addition, operating cash flow is anticipated to range from $1.325 billion to $1.375 billion, with free cash flow between $475 million and $575 million.
The consensus revenue estimate of $3.58 billion for the fiscal fourth quarter (ending December 2024) represents a 1.6% increase year-over-year. The consensus EPS estimate of $0.95 for the ongoing quarter indicates a 6.1% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimates in three of the trailing four quarters.
BWA shares have surged 7.8% over the past six months to close the last trading session at $32.51.
BWA's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has a B grade for Growth, Value, and Quality. Within the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry, BWA is ranked #14 out of 61 stocks. <a href="https://stocknews.com/stock/BWA/">Click here</a> to access the additional ratings for BWA (Momentum, Stability, and Sentiment).
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
LYB shares were trading at $96.83 per share on Wednesday afternoon, up $0.27 (+0.28%). Year-to-date, LYB has gained 4.53%, versus a 18.54% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/lyb-amkr-bwa-ifnny-3-electric-vehicle-suppliers-that-are-flying-under-the-radar/>3 Electric Vehicle Suppliers That Are Flying Under the Radar</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Electric Vehicle Suppliers That Are Flying Under the Radar

Dividend Champion, Contender, And Challenger Highlights: Week Of September 1

In a report released today, Charles Neivert from Piper Sandler maintained a Buy rating on LyondellBasell (LYB – Research Report), with a price targ...

LyondellBasell (LYB): New Buy Recommendation for This Basic Materials Giant

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Press Releases

LyondellBasell Weighs Strategic Options for European Assets

LyondellBasell Adds New South East European Distribution Hub for Improved Customer Experience

LYB Announces 7 Percent Increase to Quarterly Dividend

Contracts

LYB Expands Core PP Business with 35% Stake in NATPET from Alujain in Saudi Arabia

Gain an Edge Using Pro's Market Moving News Breaks — 50% OFF

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LyondellBasell Industries (LYB) Forecast

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