LyondellBasell Industries NV (NYSE:LYB) saw unusually large options trading on Monday. Investors bought 2,506 put options on the company. This is an increase of approximately 966% compared to the average daily volume of 235 put options.

LYB has been the subject of a number of research analyst reports. Zacks Investment Research raised LyondellBasell Industries from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Thursday, October 12th. Morgan Stanley set a $115.00 price target on LyondellBasell Industries and gave the stock a “buy” rating in a research note on Saturday, December 2nd. Jefferies Group reaffirmed a “hold” rating and issued a $95.00 price target (up previously from $88.00) on shares of LyondellBasell Industries in a research note on Tuesday, October 10th. lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research note on Tuesday, October 10th. Finally, Cowen reaffirmed a “hold” rating and issued a $90.00 price target on shares of LyondellBasell Industries in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. LyondellBasell Industries currently has a consensus rating of “Hold” and an average price target of $100.47.

LyondellBasell Industries (NYSE:LYB) opened at $104.69 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $40,948.92, a price-to-earnings ratio of 10.73, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. LyondellBasell Industries has a twelve month low of $78.01 and a twelve month high of $107.83.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, December 5th will be issued a $0.90 dividend. The ex-dividend date is Monday, December 4th. This represents a $3.60 dividend on an annualized basis and a yield of 3.44%. LyondellBasell Industries’s dividend payout ratio (DPR) is 38.59%.

In related news, Director Jagjeet S. Bindra sold 1,574 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total value of $163,271.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.09% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Janus Henderson Group PLC increased its holdings in shares of LyondellBasell Industries by 10,925.4% during the second quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock valued at $427,685,000 after acquiring an additional 5,021,985 shares in the last quarter. Capital World Investors increased its holdings in shares of LyondellBasell Industries by 23.0% during the second quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock valued at $1,650,846,000 after acquiring an additional 3,651,750 shares in the last quarter. BlackRock Inc. increased its holdings in shares of LyondellBasell Industries by 11.6% during the second quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock valued at $1,889,470,000 after acquiring an additional 2,327,350 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of LyondellBasell Industries by 38.1% during the third quarter. Bank of New York Mellon Corp now owns 4,209,705 shares of the specialty chemicals company’s stock valued at $416,972,000 after acquiring an additional 1,160,471 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of LyondellBasell Industries by 19.4% during the third quarter. Ameriprise Financial Inc. now owns 6,591,551 shares of the specialty chemicals company’s stock valued at $652,840,000 after acquiring an additional 1,069,625 shares in the last quarter. Institutional investors and hedge funds own 74.29% of the company’s stock.

WARNING: “Traders Buy Large Volume of Put Options on LyondellBasell Industries (LYB)” was originally published by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was copied illegally and republished in violation of US & international trademark & copyright laws. The legal version of this story can be read at https://www.americanbankingnews.com/2017/12/07/traders-buy-large-volume-of-put-options-on-lyondellbasell-industries-lyb.html.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. is a chemical company. The Company operates in five segments: 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 O&P-Americas segment produces and markets olefins and co-products, polyethylene and polypropylene.

Receive News & Ratings for LyondellBasell Industries NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LyondellBasell Industries NV and related companies with MarketBeat.com's FREE daily email newsletter.