LyondellBasell Industries NV (NYSE:LYB) was the target of unusually large options trading on Monday. Stock traders purchased 2,506 put options on the company. This is an increase of approximately 966% compared to the typical daily volume of 235 put options.
A number of equities analysts have recently commented on LYB shares. Royal Bank of Canada lifted their target price on LyondellBasell Industries from $102.00 to $110.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 31st. Cowen lifted their target price on LyondellBasell Industries from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Monday, October 16th. SunTrust Banks reiterated a “hold” rating and issued a $96.00 target price (up previously from $90.00) on shares of LyondellBasell Industries in a report on Saturday, September 30th. UBS Group boosted their price objective on LyondellBasell Industries from $96.00 to $102.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Zacks Investment Research cut LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries currently has a consensus rating of “Hold” and an average target price of $101.56.
In other LyondellBasell Industries news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries 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 filing with the SEC, which is available at this hyperlink. Insiders own 0.09% of the company’s stock.
Shares of LyondellBasell Industries (NYSE LYB) traded down $0.84 during mid-day trading on Friday, hitting $110.32. The company’s stock had a trading volume of 1,019,742 shares, compared to its average volume of 1,796,729. The stock has a market cap of $43,848.21, a PE ratio of 11.82, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $111.62.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Stockholders of record on Tuesday, December 5th were given a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Monday, December 4th. LyondellBasell Industries’s payout ratio is 38.59%.
LyondellBasell Industries Company Profile
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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