Is Selling LyondellBasell Industries NV Here a Winning Strategy? Option Traders Hate The Stock

 Is Selling LyondellBasell Industries NV Here a Winning Strategy? Option Traders Hate The Stock

In today’s session LyondellBasell Industries NV (LYB) recorded an unusually high (245) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious LYB decrease. With 245 contracts traded and 31914 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: LYB161216P00072500 closed last at: $1.7 or 13.3% up. About 1.05 million shares traded hands. LyondellBasell Industries NV (NYSE:LYB) has declined 9.11% since April 4, 2016 and is downtrending. It has underperformed by 10.20% the S&P500.

LyondellBasell Industries NV (NYSE:LYB) Ratings Coverage

Out of 15 analysts covering LyondellBasell (NYSE:LYB), 5 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 33% are positive. $110 is the highest target while $80 is the lowest. The $92.90 average target is 17.42% above today’s ($79.12) stock price. LyondellBasell has been the topic of 29 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Wednesday, April 27 by Nomura. The firm has “Neutral” rating given on Tuesday, August 2 by Citigroup. The firm has “Sector Perform” rating given on Monday, June 27 by RBC Capital Markets. Susquehanna maintained the shares of LYB in a report on Friday, August 26 with “Positive” rating. Macquarie Research downgraded the shares of LYB in a report on Monday, October 12 to “Neutral” rating. Tudor Pickering initiated the shares of LYB in a report on Friday, October 14 with “Buy” rating. The rating was downgraded by JP Morgan to “Neutral” on Thursday, June 23. Credit Agricole downgraded the stock to “Underperform” rating in Monday, January 11 report. As per Tuesday, April 5, the company rating was downgraded by Atlantic Securities. Barclays Capital maintained it with “Overweight” rating and $95 target price in Tuesday, August 2 report.

According to Zacks Investment Research, “LyondellBasell Industries AF S.C.A is a manufactures chemicals and derivatives. It also operates as a refiner of heavy high-sulfur crude oil produce and is engaged in the marketing and selling of polyolefins, polypropylene and polyethylene resins. LyondellBasell products and technologies are used to make items that improve the quality of life for people around the world including packaging, electronics, automotive components, home furnishings, construction materials and biofuels. The Company’s product range includes ethylene, propylene, polyethylene, polypropylene, polyolefins, resins, PP compounds, Polybutene, propylene Oxide and etc. It also produces refined petroleum products and gasoline blending components, including biofuels. LyondellBasell Industries AF S.C.A is headquartered in Rotterdam, the Netherlands.”

Insitutional Activity: The institutional sentiment increased to 0.95 in Q2 2016. Its up 0.01, from 0.94 in 2016Q1. The ratio increased, 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.
Clark Capital Mngmt Group Inc reported 85,555 shares or 0.41% of all its holdings. Walleye Trading Ltd Limited Liability Company last reported 38,225 shares in the company. Janney Montgomery Scott Llc owns 8,832 shares or 0.01% of their US portfolio. Arvest Savings Bank Tru Division holds 65,759 shares or 0.42% of its portfolio. Blackrock Grp accumulated 3.16 million shares or 0.12% of the stock. Grimes And Company Inc holds 87,320 shares or 0.87% of its portfolio. Bluemountain Capital Management Limited Co reported 3,086 shares or 0.01% of all its holdings. American National Registered Investment Advisor Incorporated has 5,505 shares for 0.19% of their US portfolio. Panagora Asset Mgmt has invested 0.59% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). Sumitomo Mitsui Asset Mngmt Commerce last reported 28,435 shares in the company. The Michigan-based Comerica has invested 0.33% in LyondellBasell Industries NV (NYSE:LYB). Cleararc Cap holds 0.25% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 17,355 shares. Engineers Gate Manager Ltd Partnership has invested 0.22% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). Lucus Advsr Limited Liability Co holds 4,632 shares or 0.28% of its portfolio. Seizert Prns Ltd Limited Liability Company reported 118,476 shares or 0.33% of all its holdings.

Insider Transactions: Since August 30, 2016, the stock had 0 buys, and 1 insider sale for $300,020 net activity. On Tuesday, August 30 the insider Bindra Jagjeet S. sold $300,020.

LyondellBasell Industries N.V. is a global chemical company. The company has a market cap of $32.55 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 8.85 P/E ratio. The Company’s O&P-Americas segment produces and markets olefins, including ethylene and ethylene co-products, and polyolefins.

LYB Company Profile

LyondellBasell Industries N.V., incorporated on October 15, 2009, is a global chemical company. The Firm is a producer of olefins, including ethylene and propylene, and polyethylene (PE). The Firm operates through five divisions, which include 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 Firm produces polypropylene (PP) and PP compounds. The Company’s chemicals businesses consist primarily of processing plants that convert liquid and gaseous hydrocarbon feedstocks into plastic resins and other chemicals. The Company’s clients use its plastics and chemicals to manufacture a range of products, including food packaging, home furnishings, automotive components, paints and coatings. The Company’s refining business consists of its Houston refinery, which processes crude oil into products, such as gasoline, diesel and jet fuel.

More news for LyondellBasell Industries NV (NYSE:LYB) were recently published by: Seekingalpha.com, which released: “LyondellBasell Industries NV (LYB) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016. Nasdaq.com‘s article titled: “Zacks.com featured highlights: LyondellBasell Industries N.V., Citrix Systems …” and published on October 27, 2016 is yet another important article.

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