World Asset Management Inc Has $3.28 Million Position in LyondellBasell Industries NV (LYB)

World Asset Management Inc lowered its stake in shares of LyondellBasell Industries NV (NYSE:LYB) by 1.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,126 shares of the specialty chemicals company’s stock after selling 629 shares during the quarter. World Asset Management Inc owned approximately 8,397.81% of LyondellBasell Industries NV worth $3,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LYB. Janus Henderson Group PLC boosted its position in LyondellBasell Industries NV by 10,925.4% during the 2nd quarter. Janus Henderson Group PLC now owns 5,067,951 shares of the specialty chemicals company’s stock worth $427,685,000 after acquiring an additional 5,021,985 shares during the period. Capital World Investors boosted its position in LyondellBasell Industries NV by 23.0% during the 2nd quarter. Capital World Investors now owns 19,562,100 shares of the specialty chemicals company’s stock worth $1,650,846,000 after acquiring an additional 3,651,750 shares during the period. BlackRock Inc. boosted its position in LyondellBasell Industries NV by 11.6% during the 2nd quarter. BlackRock Inc. now owns 22,389,726 shares of the specialty chemicals company’s stock worth $1,889,470,000 after acquiring an additional 2,327,350 shares during the period. Beutel Goodman & Co Ltd. acquired a new position in LyondellBasell Industries NV during the 2nd quarter worth $102,907,000. Finally, FMR LLC boosted its position in LyondellBasell Industries NV by 2.8% during the 2nd quarter. FMR LLC now owns 29,950,127 shares of the specialty chemicals company’s stock worth $2,527,492,000 after acquiring an additional 821,391 shares during the period. Institutional investors own 74.27% of the company’s stock.

Shares of LyondellBasell Industries NV (LYB) traded down $0.47 during trading on Thursday, hitting $105.39. The stock had a trading volume of 411,102 shares, compared to its average volume of 2,580,129. The firm has a market capitalization of $41,781.23, a price-to-earnings ratio of 10.95, a PEG ratio of 1.18 and a beta of 1.08. The company has a quick ratio of 1.49, a current ratio of 2.40 and a debt-to-equity ratio of 1.16. LyondellBasell Industries NV has a 12 month low of $77.85 and a 12 month high of $107.83.

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In other news, Director Jagjeet S. Bindra sold 1,574 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $103.73, for a total transaction of $163,271.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.09% of the stock is owned by insiders.

LYB has been the subject of a number of analyst reports. Cowen and Company reiterated a “hold” rating and set a $90.00 price target on shares of LyondellBasell Industries NV in a research report on Monday, August 28th. UBS AG boosted their price target on LyondellBasell Industries NV from $88.00 to $96.00 and gave the stock a “neutral” rating in a research report on Friday, October 13th. ValuEngine upgraded LyondellBasell Industries NV from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, September 6th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 price target (up previously from $88.00) on shares of LyondellBasell Industries NV in a research report on Tuesday, October 10th. Finally, HSBC Holdings plc lowered LyondellBasell Industries NV from a “buy” rating to a “hold” rating and set a $101.00 price target for the company. in a research report on Tuesday, October 10th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. LyondellBasell Industries NV currently has an average rating of “Hold” and an average price target of $99.56.

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

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