LyondellBasell Industries NV’s Stock Is Buy After Today’s Bullish Options Activity


 LyondellBasell Industries NV's Stock Is Buy After Today's Bullish Options Activity

In today’s session LyondellBasell Industries NV (LYB) registered an unusually high (1,685) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious LYB increase. With 1,685 contracts traded and 8294 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LYB161216C00085000 closed last at: $2.05 or 2.4% down. About 3.08 million shares traded hands. LyondellBasell Industries NV (NYSE:LYB) has declined 0.06% since March 1, 2016 and is downtrending. It has underperformed by 9.30% the S&P500.

Analysts await LyondellBasell Industries NV (NYSE:LYB) to report earnings on October, 28. They expect $2.27 earnings per share, down 18.93% or $0.53 from last year’s $2.8 per share. LYB’s profit will be $944.04M for 8.81 P/E if the $2.27 EPS becomes a reality. After $2.45 actual earnings per share reported by LyondellBasell Industries NV for the previous quarter, Wall Street now forecasts -7.35% negative EPS growth.

LyondellBasell Industries NV (NYSE:LYB) Ratings Coverage

Out of 14 analysts covering LyondellBasell (NYSE:LYB), 4 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 29% are positive. LyondellBasell has been the topic of 28 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by Credit Agricole given on Monday, January 11. Atlantic Securities downgraded LyondellBasell Industries NV (NYSE:LYB) on Tuesday, April 5 to “Underweight” rating. The firm earned “Sector Perform” rating on Monday, June 27 by RBC Capital Markets. JP Morgan downgraded the shares of LYB in a report on Thursday, June 23 to “Neutral” rating. The rating was initiated by Bernstein on Friday, September 11 with “Outperform”. The stock of LyondellBasell Industries NV (NYSE:LYB) has “Neutral” rating given on Monday, April 18 by Citigroup. The rating was downgraded by Nomura to “Neutral” on Wednesday, April 27. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 2 report. The stock has “Overweight” rating given by Barclays Capital on Tuesday, August 2. The rating was downgraded by RBC Capital Markets to “Outperform” on Wednesday, February 3.

Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.01, from 0.94 in 2016Q1. The ratio improved, as 82 funds sold all LyondellBasell Industries NV shares owned while 245 reduced positions. 72 funds bought stakes while 240 increased positions. They now own 282.19 million shares or 5.03% less from 297.14 million shares in 2016Q1.
Northern Capital Mgmt Limited Liability Corporation reported 17,110 shares or 0.57% of all its holdings. Kwmg Ltd Liability Company accumulated 0.38% or 9,452 shares. Atwood Palmer Incorporated holds 2.62% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 194,861 shares. Braver Wealth Mgmt Ltd Liability holds 0.44% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 34,813 shares. Moreover, American Fin Grp Incorporated Inc has 0.23% invested in LyondellBasell Industries NV (NYSE:LYB) for 40,000 shares. The Arizona-based Arizona State Retirement Systems has invested 0.13% in LyondellBasell Industries NV (NYSE:LYB). Fmr Lc, a Massachusetts-based fund reported 23.83M shares. Advisory Net Limited Liability Company accumulated 0.23% or 13,589 shares. Todd Asset Mgmt Lc accumulated 0.93% or 391,219 shares. Hancock Hldgs accumulated 0.01% or 3,251 shares. Art Advsr Ltd Llc holds 0.35% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 93,643 shares. Adell Harriman Carpenter Incorporated accumulated 63,730 shares or 0% of the stock. Opus Grp Inc Ltd Liability Corporation reported 7,238 shares or 0.12% of all its holdings. Regions Fin holds 644,671 shares or 0.62% of its portfolio. Amica Pension Fund Board Of Trustees holds 0.17% or 17,198 shares in its portfolio.

Insider Transactions: Since April 26, 2016, the stock had 0 insider purchases, and 3 sales for $1.25 million net activity. 7,551 shares were sold by Covezzi Massimo, worth $673,111 on Tuesday, April 26. $300,020 worth of LyondellBasell Industries NV (NYSE:LYB) was sold by Bindra Jagjeet S.. Vasnetsov Sergey had sold 3,127 shares worth $281,076 on Tuesday, April 26.

LyondellBasell Industries N.V. is a global chemical company. The company has a market cap of $33.27 billion. The Company’s divisions include Olefins and Polyolefins-Americas , Olefins and Polyolefins-Europe, Asia, International (O&P-EAI), Intermediates and Derivatives (I&D), Refining, and Technology. It has a 8.68 P/E ratio. The Company’s O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

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