LyondellBasell Industries Target of Unusually Large Options Trading (LYB)

LyondellBasell Industries NV (NYSE:LYB) was the target of unusually large options trading on Friday. Stock traders bought 38,235 call options on the stock. This represents an increase of approximately 6,538% compared to the typical daily volume of 576 call options.

Several equities research analysts have commented on the company. Cowen restated a “hold” rating and issued a $90.00 price objective on shares of LyondellBasell Industries in a research report on Wednesday, October 4th. Morgan Stanley set a $115.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a research note on Thursday, October 12th. SunTrust Banks reaffirmed a “hold” rating and set a $100.00 target price on shares of LyondellBasell Industries in a research note on Wednesday, November 1st. Finally, Barclays upped their target price on LyondellBasell Industries from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. LyondellBasell Industries has an average rating of “Hold” and a consensus price target of $100.47.

LyondellBasell Industries (NYSE LYB) opened at $104.10 on Monday. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.49 and a current ratio of 2.40. The firm has a market capitalization of $41,063.29, a P/E ratio of 10.77, a PEG ratio of 1.16 and a beta of 1.07. LyondellBasell Industries has a 52 week low of $78.01 and a 52 week high of $107.83.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, December 5th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.46%. The ex-dividend date is Monday, December 4th. LyondellBasell Industries’s dividend payout ratio is currently 38.59%.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC acquired a new position in LyondellBasell Industries in the 3rd quarter valued at $109,000. BDO Wealth Advisors LLC raised its stake in LyondellBasell Industries by 64.5% in the 3rd quarter. BDO Wealth Advisors LLC now owns 1,785 shares of the specialty chemicals company’s stock valued at $177,000 after purchasing an additional 700 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in LyondellBasell Industries by 80.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after purchasing an additional 800 shares during the last quarter. Seven Bridges Advisors LLC raised its stake in LyondellBasell Industries by 32.8% in the 2nd quarter. Seven Bridges Advisors LLC now owns 1,936 shares of the specialty chemicals company’s stock valued at $163,000 after purchasing an additional 478 shares during the last quarter. Finally, Vicus Capital acquired a new position in LyondellBasell Industries in the 3rd quarter valued at $203,000. 74.29% of the stock is owned by hedge funds and other institutional investors.

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About LyondellBasell Industries

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: Olefins and Polyolefins-Americas (O&P-Americas), Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining and Technology. The O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

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