LyondellBasell Industries NV Can’t Burn Your Long Portfolio. Option Traders are Bullish

 LyondellBasell Industries NV Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session LyondellBasell Industries NV (LYB) registered an unusually high (815) 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 815 contracts traded and 5284 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: LYB161216C00077500 closed last at: $9.3 or 9.4% up. About 202,648 shares traded hands. LyondellBasell Industries NV (NYSE:LYB) has declined 3.95% since April 22, 2016 and is downtrending. It has underperformed by 9.36% the S&P500.

Analysts await LyondellBasell Industries NV (NYSE:LYB) to report earnings on February, 3 before the open. They expect $2.36 EPS, up 7.27% or $0.16 from last year’s $2.2 per share. LYB’s profit will be $971.48M for 9.17 P/E if the $2.36 EPS becomes a reality. After $2.31 actual EPS reported by LyondellBasell Industries NV for the previous quarter, Wall Street now forecasts 2.16% EPS growth.

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 7.29% above today’s ($86.59) stock price. LyondellBasell has been the topic of 29 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The rating was downgraded by Atlantic Securities to “Underweight” on Tuesday, April 5. The firm has “Neutral” rating by Nomura given on Wednesday, April 27. On Wednesday, November 25 the stock rating was maintained by Cowen & Co with “Outperform”. The firm has “Neutral” rating given on Monday, April 25 by Citigroup. The rating was downgraded by Credit Agricole to “Underperform” on Monday, January 11. Susquehanna maintained the shares of LYB in a report on Friday, August 26 with “Positive” rating. The firm earned “Outperform” rating on Wednesday, February 3 by RBC Capital Markets. The firm earned “Neutral” rating on Monday, July 11 by Nomura. Jefferies maintained it with “Hold” rating and $88 target price in Thursday, September 22 report. Cowen & Co maintained LyondellBasell Industries NV (NYSE:LYB) rating on Tuesday, September 1. Cowen & Co has “Outperform” rating and $98.0 price target.

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 0.98 in 2016 Q2. Its up 0.03, from 0.95 in 2016Q1. The ratio is positive, 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.
Lucus Advsr Ltd Liability last reported 0.28% of its portfolio in the stock. Northern Corp holds 4.62M shares or 0.11% of its portfolio. Sit Invest Assocs last reported 0.41% of its portfolio in the stock. Nikko Asset Americas Inc accumulated 0.02% or 3,400 shares. Tompkins Financial owns 74 shares or 0% of their US portfolio. The Illinois-based Envestnet Asset Mgmt has invested 0.05% in LyondellBasell Industries NV (NYSE:LYB). Marshall Wace Llp has 1.70M shares for 1.06% of their US portfolio. Guardian Cap L P has 91,748 shares for 0.11% of their US portfolio. Natl Bank Of America Corporation De last reported 6.07 million shares in the company. Thompson Davis last reported 0.01% of its portfolio in the stock. Tcw Gp Inc, a California-based fund reported 40,991 shares. Cincinnati Casualty Company, a Ohio-based fund reported 12,333 shares. Adage Ptnrs Gru Ltd, a Massachusetts-based fund reported 764,300 shares. The Massachusetts-based Grantham Mayo Van Otterloo Lc has invested 0.46% in LyondellBasell Industries NV (NYSE:LYB). Moreover, Wesbanco State Bank has 0.02% invested in LyondellBasell Industries NV (NYSE:LYB) for 4,960 shares.

Insider Transactions: Since August 30, 2016, the stock had 0 buys, and 1 sale for $300,020 net activity. On Tuesday, August 30 Bindra Jagjeet S. sold $300,020 worth of the stock or 3,750 shares.

LyondellBasell Industries N.V. is a global chemical company. The company has a market cap of $35.65 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 9.68 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.

Another recent and important LyondellBasell Industries NV (NYSE:LYB) news was published by Seekingalpha.com which published an article titled: “LyondellBasell Industries NV (LYB) Q3 2016 Results – Earnings Call Transcript” on November 01, 2016.

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