Albemarle Corporation Can Burn Your Long Portfolio. Option Traders Are Bearish

 Albemarle Corporation Can Burn Your Long Portfolio. Option Traders Are Bearish

In today’s session Albemarle Corporation (ALB) recorded an unusually high (800) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious ALB decrease. With 800 contracts traded and 944 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: ALB161118P00075000 closed last at: $1.55 or 6.9% up. About 328,669 shares traded hands. Albemarle Corporation (NYSE:ALB) has risen 34.72% since March 14, 2016 and is uptrending. It has outperformed by 29.11% the S&P500.

Analysts await Albemarle Corporation (NYSE:ALB) to report earnings on November, 2. They expect $0.81 EPS, down 10.00% or $0.09 from last year’s $0.9 per share. ALB’s profit will be $91.57 million for 25.12 P/E if the $0.81 EPS becomes a reality. After $1.09 actual EPS reported by Albemarle Corporation for the previous quarter, Wall Street now forecasts -25.69% negative EPS growth.

Albemarle Corporation (NYSE:ALB) Ratings Coverage

Out of 11 analysts covering Albemarle Corporation (NYSE:ALB), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Albemarle Corporation has been the topic of 23 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Albemarle Corporation (NYSE:ALB) earned “Buy” rating by Citigroup on Monday, April 18. JP Morgan maintained Albemarle Corporation (NYSE:ALB) rating on Tuesday, February 23. JP Morgan has “Neutral” rating and $52 price target. On Thursday, May 12 the stock rating was maintained by Jefferies with “Buy”. Citigroup upgraded the stock to “Buy” rating in Monday, November 2 report. The firm earned “Buy” rating on Friday, August 5 by Deutsche Bank. Citigroup maintained Albemarle Corporation (NYSE:ALB) on Tuesday, August 9 with “Buy” rating. The company was maintained on Thursday, August 20 by Deutsche Bank. As per Thursday, May 12, the company rating was maintained by Suntrust Robinson. The company was maintained on Thursday, May 12 by Deutsche Bank. SunTrust upgraded the shares of ALB in a report on Friday, August 7 to “Buy” rating.

According to Zacks Investment Research, “Albemarle Corporation is a major producer of fine and performance chemicals including polymer intermediates, cleaning product intermediates and additives, agricultural chemical intermediates, pharmaceutical intermediates, catalysts, brominated flame retardants, bromine chemicals and potassium and chlorine chemicals.”

Insitutional Activity: The institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.26, from 1.1 in 2016Q1. The ratio increased, as 31 funds sold all Albemarle Corporation shares owned while 112 reduced positions. 80 funds bought stakes while 115 increased positions. They now own 96.46 million shares or 7.92% less from 104.76 million shares in 2016Q1.
Babson Management Lc has 0.01% invested in the company for 4,200 shares. The Illinois-based Cupps Capital Management Ltd has invested 1.02% in Albemarle Corporation (NYSE:ALB). Ferguson Wellman Cap Management Incorporated, a Oregon-based fund reported 3,500 shares. Boston Private Wealth Ltd Liability Co has 0.05% invested in the company for 15,991 shares. Blackrock Japan Limited holds 0.04% or 142,713 shares in its portfolio. The Missouri-based Benjamin F Edwards & Communications has invested 0.02% in Albemarle Corporation (NYSE:ALB). Skba Cap Mngmt Ltd Com last reported 1.88% of its portfolio in the stock. State Treasurer State Of Michigan holds 0.02% or 39,700 shares in its portfolio. Assetmark last reported 0% of its portfolio in the stock. Glenmede Trust Na holds 0% of its portfolio in Albemarle Corporation (NYSE:ALB) for 1,952 shares. Clifford Swan Counsel Ltd Liability Co holds 0.21% or 39,000 shares in its portfolio. Glg Ltd Partnership owns 70,658 shares or 0.17% of their US portfolio. Federated Invsts Pa holds 2,847 shares or 0% of its portfolio. Wright Investors Ser holds 0.14% of its portfolio in Albemarle Corporation (NYSE:ALB) for 4,195 shares. Kcg Hldgs accumulated 0.1% or 62,902 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 5 insider sales for $5.93 million net activity. $992,529 worth of Albemarle Corporation (NYSE:ALB) was sold by Juneau Matthew. 4,300 shares with value of $352,978 were sold by SHERMAN JOHN JR on Friday, August 5. LaBauve Donald J. Jr. sold $268,514 worth of Albemarle Corporation (NYSE:ALB) on Thursday, May 12. KISSAM LUTHER C IV had sold 50,000 shares worth $4.16 million on Wednesday, August 24.

Albemarle Corporation is a developer, maker and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, heating, ventilation, and aluminum finishing. The company has a market cap of $9.20 billion. The Firm operates through three divisions: Performance Chemicals, Refining Solutions and Chemetall Surface Treatment. It has a 17.13 P/E ratio. The Company’s Performance Chemicals segment consists of three product categories: Lithium, Performance Catalyst Solutions and Bromine.

ALB Company Profile

Albemarle Corporation, incorporated on November 24, 1993, is a developer, maker and marketer of specialty chemicals across a range of end markets, including the petroleum refining, consumer electronics, energy storage, construction, automotive, steel and aerospace, lubricants, pharmaceuticals, crop protection, household appliances, heating, ventilation, aluminum finishing, food safety and custom chemistry services. The Firm operates through three divisions: Performance Chemicals, Refining Solutions and Chemetall Surface Treatment.

More recent Albemarle Corporation (NYSE:ALB) news were published by: Prnewswire.com which released: “Albemarle Corporation to release third quarter 2016 earnings results on …” on October 06, 2016. Also Prnewswire.com published the news titled: “Albemarle enters into definitive agreement to sell Chemetall Surface Treatment …” on June 17, 2016. Equitiesfocus.com‘s news article titled: “Albemarle Corporation (NYSE:ALB) Short-Term Price Target At $89.43” with publication date: October 17, 2016 was also an interesting one.

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