Stock Traders Buy High Volume of Put Options on LyondellBasell Industries (NYSE:LYB)

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.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC raised its position in shares of LyondellBasell Industries by 6.4% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,422,187 shares of the specialty chemicals company’s stock worth $140,868,000 after acquiring an additional 85,841 shares in the last quarter. AXA raised its position in shares of LyondellBasell Industries by 3.6% in the 3rd quarter. AXA now owns 1,146,510 shares of the specialty chemicals company’s stock worth $113,562,000 after acquiring an additional 40,372 shares in the last quarter. Salem Investment Counselors Inc. increased its position in LyondellBasell Industries by 80.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the specialty chemicals company’s stock valued at $179,000 after buying an additional 800 shares in the last quarter. Cypress Capital Group increased its position in LyondellBasell Industries by 62.9% during the 3rd quarter. Cypress Capital Group now owns 9,052 shares of the specialty chemicals company’s stock valued at $897,000 after buying an additional 3,495 shares in the last quarter. Finally, Belpointe Asset Management LLC acquired a new position in LyondellBasell Industries during the 3rd quarter valued at about $1,135,000. 73.94% of the stock is owned by hedge funds and other institutional investors.

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%.

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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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