LyondellBasell Industries NV (NYSE:LYB) saw some unusual options trading activity on Monday. Traders purchased 2,506 put options on the company. This represents an increase of 966% compared to the typical daily volume of 235 put options.

LyondellBasell Industries (NYSE:LYB) opened at $104.69 on Thursday. The company has a current ratio of 2.40, a quick ratio of 1.49 and a debt-to-equity ratio of 1.16. LyondellBasell Industries has a 52-week low of $78.01 and a 52-week high of $107.83. The company has a market cap 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.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, December 5th will be given a dividend of $0.90 per share. 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%.

Several equities analysts recently weighed in on the stock. Jefferies Group set a $88.00 target price on shares of LyondellBasell Industries and gave the company a “hold” rating in a research note on Monday, August 21st. Morgan Stanley set a $115.00 target price on shares of LyondellBasell Industries and gave the company a “buy” rating in a research note on Saturday, December 2nd. SunTrust Banks reissued a “hold” rating and issued a $96.00 target price (up from $90.00) on shares of LyondellBasell Industries in a research note on Saturday, September 30th. Cowen raised their target price on shares of LyondellBasell Industries from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Monday, October 16th. Finally, Nomura reissued a “hold” rating and issued a $99.00 target price (up from $90.00) on shares of LyondellBasell Industries in a research note on Tuesday, September 26th. Two investment 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. The company presently has an average rating of “Hold” and a consensus price target of $100.47.

In other news, Director Jagjeet S. Bindra sold 1,574 shares of LyondellBasell Industries stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $103.73, for a total value of $163,271.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.09% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in LYB. Municipal Employees Retirement System of Michigan boosted its position in LyondellBasell Industries by 8.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,340 shares of the specialty chemicals company’s stock worth $1,378,000 after purchasing an additional 1,250 shares during the period. State of New Jersey Common Pension Fund D boosted its position in LyondellBasell Industries by 42.6% during the second quarter. State of New Jersey Common Pension Fund D now owns 385,000 shares of the specialty chemicals company’s stock worth $32,490,000 after purchasing an additional 115,000 shares during the period. IFP Advisors Inc boosted its position in LyondellBasell Industries by 4.4% during the second quarter. IFP Advisors Inc now owns 11,816 shares of the specialty chemicals company’s stock worth $997,000 after purchasing an additional 493 shares during the period. Retirement Systems of Alabama boosted its position in LyondellBasell Industries by 37.2% during the second quarter. Retirement Systems of Alabama now owns 218,843 shares of the specialty chemicals company’s stock worth $18,468,000 after purchasing an additional 59,289 shares during the period. Finally, Palladium Partners LLC boosted its position in LyondellBasell Industries by 3.0% during the second quarter. Palladium Partners LLC now owns 89,473 shares of the specialty chemicals company’s stock worth $7,551,000 after purchasing an additional 2,590 shares during the period. 74.29% of the stock is owned by hedge funds and other institutional investors.

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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.

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