Could LyondellBasell Industries NV Change Direction After Today’s Bullish Options Activity?

 Could LyondellBasell Industries NV Change Direction After Today's Bullish Options Activity?

In today’s session LyondellBasell Industries NV (LYB) registered an unusually high (6,780) 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 6,780 contracts traded and 19134 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LYB161216C00085000 closed last at: $2 or 90.5% up. About 362,760 shares traded hands. LyondellBasell Industries NV (NYSE:LYB) has declined 6.46% since April 12, 2016 and is downtrending. It has underperformed by 11.45% 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 14.11% above today’s ($81.41) stock price. LyondellBasell has been the topic of 29 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, June 27. Barclays Capital maintained the stock with “Overweight” rating in Tuesday, August 2 report. The rating was upgraded by S&P Research to “Buy” on Tuesday, October 27. The firm earned “Neutral” rating on Monday, April 25 by Citigroup. Jefferies maintained the stock with “Hold” rating in Thursday, September 22 report. Tudor Pickering initiated the shares of LYB in a report on Friday, October 14 with “Buy” rating. The stock has “Positive” rating given by Susquehanna on Friday, August 26. The stock of LyondellBasell Industries NV (NYSE:LYB) has “Neutral” rating given on Thursday, June 23 by JP Morgan. The stock of LyondellBasell Industries NV (NYSE:LYB) has “Neutral” rating given on Monday, July 11 by Nomura. Cowen & Co downgraded the stock to “Market Perform” rating in Monday, June 13 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.
Dai Ichi Life Commerce Ltd holds 0.02% or 6,847 shares in its portfolio. Lsv Asset Mgmt last reported 0.35% of its portfolio in the stock. Strs Ohio reported 214,014 shares or 0.07% of all its holdings. Gotham Asset Mgmt Ltd holds 0.02% or 22,530 shares in its portfolio. First Quadrant Limited Partnership Ca reported 9,000 shares or 0.01% of all its holdings. Cim Mangement holds 8,686 shares or 0.27% of its portfolio. S&Co has 6,700 shares for 0.08% of their US portfolio. At Savings Bank has invested 0.45% of its portfolio in LyondellBasell Industries NV (NYSE:LYB). The New York-based Tompkins Financial has invested 0% in LyondellBasell Industries NV (NYSE:LYB). Sg Americas Secs Limited Liability Co reported 195,661 shares or 0.1% of all its holdings. Exane Derivatives last reported 0% of its portfolio in the stock. Barclays Public Ltd accumulated 388,812 shares or 0.04% of the stock. Citigroup Inc has 162,282 shares for 0.01% of their US portfolio. Texas Permanent School Fund last reported 0.11% of its portfolio in the stock. Wills Fincl Inc holds 1.12% of its portfolio in LyondellBasell Industries NV (NYSE:LYB) for 18,031 shares.

Insider Transactions: Since August 30, 2016, the stock had 0 buys, and 1 insider sale for $300,020 net activity. 3,750 shares with value of $300,020 were sold by Bindra Jagjeet S. on Tuesday, August 30.

LyondellBasell Industries N.V. is a global chemical company. The company has a market cap of $32.72 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 9.1 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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