Stock Traders Purchase Large Volume of LyondellBasell Industries Put Options (NYSE:LYB)

LyondellBasell Industries N.V. (NYSE:LYB) was the target of some unusual options trading activity on Wednesday. Investors acquired 19,312 put options on the company. This represents an increase of 254% compared to the average daily volume of 5,460 put options.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Mizuho decreased their target price on LyondellBasell Industries from $52.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, December 11th. Evercore ISI reduced their price objective on shares of LyondellBasell Industries from $65.00 to $57.00 and set an “in-line” rating on the stock in a research report on Tuesday, November 11th. JPMorgan Chase & Co. lowered their target price on shares of LyondellBasell Industries from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, November 3rd. UBS Group cut their target price on shares of LyondellBasell Industries from $41.00 to $38.00 and set a “sell” rating for the company in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of LyondellBasell Industries from $58.00 to $53.00 and set a “hold” rating on the stock in a research note on Wednesday, October 1st. Two investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $53.65.

LyondellBasell Industries Trading Up 0.6%

Shares of NYSE LYB opened at $42.89 on Friday. LyondellBasell Industries has a 1-year low of $41.58 and a 1-year high of $79.39. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.57 and a quick ratio of 0.93. The business’s 50 day moving average is $44.90 and its two-hundred day moving average is $52.02. The stock has a market capitalization of $13.81 billion, a P/E ratio of -11.44 and a beta of 0.71.

LyondellBasell Industries (NYSE:LYB) last posted its quarterly earnings data on Friday, October 31st. The specialty chemicals company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.21. The business had revenue of $7.73 billion for the quarter, compared to analysts’ expectations of $7.41 billion. LyondellBasell Industries had a negative net margin of 3.70% and a positive return on equity of 7.50%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. As a group, research analysts expect that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, December 1st were paid a dividend of $1.37 per share. This represents a $5.48 dividend on an annualized basis and a dividend yield of 12.8%. The ex-dividend date of this dividend was Monday, December 1st. LyondellBasell Industries’s payout ratio is currently -146.13%.

Insider Buying and Selling at LyondellBasell Industries

In other news, EVP Kimberly A. Foley bought 5,661 shares of the stock in a transaction on Wednesday, November 12th. The shares were bought at an average price of $43.56 per share, with a total value of $246,593.16. Following the completion of the acquisition, the executive vice president owned 67,688 shares in the company, valued at $2,948,489.28. The trade was a 9.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Institutional Investors Weigh In On LyondellBasell Industries

Large investors have recently added to or reduced their stakes in the stock. CW Advisors LLC bought a new stake in LyondellBasell Industries during the first quarter valued at about $572,000. Ameriprise Financial Inc. lifted its position in shares of LyondellBasell Industries by 22.1% during the first quarter. Ameriprise Financial Inc. now owns 819,917 shares of the specialty chemicals company’s stock valued at $57,712,000 after buying an additional 148,526 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of LyondellBasell Industries by 12.5% in the 1st quarter. Kestra Advisory Services LLC now owns 15,101 shares of the specialty chemicals company’s stock valued at $1,063,000 after buying an additional 1,680 shares in the last quarter. Jump Financial LLC grew its position in shares of LyondellBasell Industries by 59.0% in the 1st quarter. Jump Financial LLC now owns 15,167 shares of the specialty chemicals company’s stock worth $1,068,000 after buying an additional 5,627 shares during the last quarter. Finally, Samalin Investment Counsel LLC bought a new position in shares of LyondellBasell Industries during the 1st quarter worth approximately $787,000. 71.20% of the stock is owned by hedge funds and other institutional investors.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. (NYSE: LYB) is a global chemical company headquartered in Houston, Texas, that specializes in the production of polyolefins and advanced polymers. Through its extensive portfolio, the company supplies raw materials for a wide range of end markets, including packaging, automotive, construction, electronics and consumer goods. By combining proprietary process technologies with expertise in catalysts, LyondellBasell aims to deliver value-added solutions that enhance product performance and sustainability.

The company’s integrated operations encompass the manufacture of olefins and polyolefins, advanced polymer products, chemical intermediates and refining activities.