Chicago Bridge & Iron Company N.V. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Chicago Bridge & Iron Company N.V. Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Chicago Bridge & Iron Company N.V. (CBI) registered an unusually high (339) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious CBI increase. With 339 contracts traded and 6344 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: CBI170421C00030000 closed last at: $5.7 or 32.6% up. The stock decreased 0.68% or $0.23 on November 23, hitting $33.75. About 1.86M shares traded hands. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 17.48% since April 22, 2016 and is downtrending. It has underperformed by 22.89% the S&P500.

Analysts await Chicago Bridge & Iron Company N.V. (NYSE:CBI) to report earnings on February, 23. They expect $1.45 earnings per share, down 7.05% or $0.11 from last year’s $1.56 per share. CBI’s profit will be $154.24 million for 5.82 P/E if the $1.45 EPS becomes a reality. After $1.20 actual earnings per share reported by Chicago Bridge & Iron Company N.V. for the previous quarter, Wall Street now forecasts 20.83% EPS growth.

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Ratings Coverage

Out of 9 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 7 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 78% are positive. Chicago Bridge & Iron Company has been the topic of 20 analyst reports since August 14, 2015 according to StockzIntelligence Inc. Robert W. Baird downgraded the shares of CBI in a report on Friday, July 22 to “Neutral” rating. The stock has “Buy” rating given by Johnson Rice on Monday, May 16. Zacks upgraded the stock to “Buy” rating in Wednesday, September 2 report. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Outperform” rating by Credit Suisse on Monday, September 26. Vetr upgraded the shares of CBI in a report on Tuesday, August 18 to “Buy” rating. The firm earned “Buy” rating on Wednesday, June 29 by M Partners. Cowen & Co maintained it with “Outperform” rating and $59 target price in Friday, November 6 report. On Tuesday, December 15 the stock rating was upgraded by Robert W. Baird to “Outperform”. As per Wednesday, September 21, the company rating was downgraded by Johnson Rice. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Hold” rating given on Monday, August 17 by Zacks.

According to Zacks Investment Research, “Chicago Bridge & Iron Company N.V. designs, builds, repairs and modifies steel tanks and other steel plate structures and associated systems. The Company designs and builds petroleum terminals, refinery pressure vessels, low temperature and cryogenic storage facilities and elevated water storage tanks for clients internationally.”

Insitutional Activity: The institutional sentiment increased to 0.77 in Q2 2016. Its up 0.18, from 0.59 in 2016Q1. The ratio is positive, as 80 funds sold all Chicago Bridge & Iron Company N.V. shares owned while 156 reduced positions. 35 funds bought stakes while 105 increased positions. They now own 67.35 million shares or 2.11% less from 68.80 million shares in 2016Q1.
Moreover, Cobblestone Advsrs Limited Company New York has 0.71% invested in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 143,565 shares. Carroll Fincl Assocs, a North Carolina-based fund reported 4,975 shares. Anderson Hoagland And holds 0.21% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI) for 9,690 shares. Bancorp Of Montreal Can accumulated 197,869 shares or 0.01% of the stock. Geode Management Limited Liability Company holds 0.01% or 615,857 shares in its portfolio. Clarivest Asset Mgmt Ltd Llc has 0% invested in the company for 2,600 shares. Callahan Advisors Ltd Com holds 0.08% or 9,285 shares in its portfolio. Birmingham Al last reported 0.62% of its portfolio in the stock. Rhumbline Advisers accumulated 79,460 shares or 0.01% of the stock. Millennium Management Ltd Llc owns 605,106 shares or 0.05% of their US portfolio. Jefferies Ltd Liability Co has 0.01% invested in the company for 38,071 shares. Goodwin Daniel L has invested 0.11% of its portfolio in Chicago Bridge & Iron Company N.V. (NYSE:CBI). Janney Montgomery Scott Lc, a Pennsylvania-based fund reported 95,206 shares. Federated Investors Pa accumulated 0.01% or 53,389 shares. Smith Graham And Advisors L P holds 90,350 shares or 0.43% of its portfolio.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 6 insider sales for $16.28 million net activity. 1,561 shares were sold by Stockton Westley S., worth $60,411. ASHERMAN PHILIP K sold $5.57 million worth of Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Tuesday, August 16. $538,257 worth of shares were sold by MULLEN PATRICK K on Monday, September 12. BAILEY BETH A also sold $102,638 worth of Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Friday, June 3.

Chicago Bridge & Iron Company N.V. provides a range of services to clients in the energy infrastructure market across the world. The company has a market cap of $3.59 billion. The Firm provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services. It has a 12.29 P/E ratio. It operates through four divisions.

CBI Company Profile

Chicago Bridge & Iron Company N.V. (CB&I), incorporated in 1889, provides a range of services to clients in the energy infrastructure market across the world. The Firm provides various services, such as conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management and environmental services, and also provides various Government services. The Firm operates through four divisions: Engineering and Construction, Fabrication Services, Technology and Capital Services.

More news for Chicago Bridge & Iron Company N.V. (NYSE:CBI) were recently published by: Fool.com, which released: “Why Chicago Bridge & Iron Company NV Just Jumped the Fence” on October 28, 2016. Businesswire.com‘s article titled: “Significant Chicago Bridge & Iron Company N.V. Shareholder, Cohen Capital …” and published on August 24, 2016 is yet another important article.

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