LyondellBasell Industries NV (NYSE:LYB) Shares Sold by World Asset Management Inc

World Asset Management Inc lowered its position in LyondellBasell Industries NV (NYSE:LYB) by 1.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,319 shares of the specialty chemicals company’s stock after selling 348 shares during the quarter. World Asset Management Inc’s holdings in LyondellBasell Industries were worth $2,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. First Command Bank raised its position in LyondellBasell Industries by 64.4% in the first quarter. First Command Bank now owns 319 shares of the specialty chemicals company’s stock valued at $27,000 after purchasing an additional 125 shares during the period. Destination Wealth Management purchased a new position in LyondellBasell Industries in the first quarter valued at about $28,000. Truvestments Capital LLC purchased a new position in LyondellBasell Industries in the first quarter valued at about $33,000. Icon Wealth Partners LLC purchased a new position in LyondellBasell Industries in the first quarter valued at about $35,000. Finally, Berman Capital Advisors LLC raised its position in LyondellBasell Industries by 62.1% in the first quarter. Berman Capital Advisors LLC now owns 616 shares of the specialty chemicals company’s stock valued at $51,000 after purchasing an additional 236 shares during the period. Hedge funds and other institutional investors own 76.36% of the company’s stock.

Several research analysts have commented on LYB shares. JPMorgan Chase & Co. started coverage on LyondellBasell Industries in a research report on Friday, July 19th. They issued an “underweight” rating and a $80.00 price objective on the stock. UBS Group lifted their target price on LyondellBasell Industries from $86.00 to $89.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Alembic Global Advisors set a $120.00 target price on LyondellBasell Industries and gave the stock a “buy” rating in a research report on Friday, April 26th. Deutsche Bank lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and dropped their target price for the stock from $100.00 to $94.00 in a research report on Monday, June 17th. Finally, Citigroup started coverage on LyondellBasell Industries in a research report on Friday, July 12th. They set a “neutral” rating and a $92.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $107.38.

NYSE:LYB traded down $0.73 during mid-day trading on Wednesday, reaching $83.66. The stock had a trading volume of 227,016 shares, compared to its average volume of 3,869,155. The stock has a market cap of $28.61 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 0.91 and a beta of 1.27. LyondellBasell Industries NV has a 1-year low of $73.94 and a 1-year high of $116.63. The business has a 50 day simple moving average of $86.12. The company has a quick ratio of 0.83, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company worldwide. The company operates in six segments: Olefins and Polyolefins—Americas; Olefins and Polyolefins—Europe, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology. It produces and markets olefins and co-products; polyethylene products, which consist of high density polyethylene, low density polyethylene, and linear low density polyethylene; and polypropylene (PP) products, such as PP homopolymers and copolymers.

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Institutional Ownership by Quarter for LyondellBasell Industries (NYSE:LYB)

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