Swiss National Bank Reduces Holdings in LyondellBasell Industries NV (NYSE:LYB)

Swiss National Bank trimmed its position in shares of LyondellBasell Industries NV (NYSE:LYB) by 11.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 967,974 shares of the specialty chemicals company’s stock after selling 121,200 shares during the quarter. Swiss National Bank’s holdings in LyondellBasell Industries were worth $83,372,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of LYB. Destination Wealth Management purchased a new stake in shares of LyondellBasell Industries in the first quarter worth about $28,000. Icon Wealth Partners LLC bought a new stake in shares of LyondellBasell Industries during the 1st quarter worth $35,000. Reilly Financial Advisors LLC boosted its stake in shares of LyondellBasell Industries by 89.4% during the 2nd quarter. Reilly Financial Advisors LLC now owns 413 shares of the specialty chemicals company’s stock worth $36,000 after acquiring an additional 195 shares in the last quarter. Enterprise Financial Services Corp boosted its stake in shares of LyondellBasell Industries by 47.1% during the 2nd quarter. Enterprise Financial Services Corp now owns 428 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 137 shares in the last quarter. Finally, Barnett & Company Inc. bought a new stake in shares of LyondellBasell Industries during the 2nd quarter worth $43,000. 76.55% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on the company. Bank of America reduced their price objective on LyondellBasell Industries from $110.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, August 5th. JPMorgan Chase & Co. assumed coverage on LyondellBasell Industries in a research note on Friday, July 19th. They set an “underweight” rating and a $80.00 price objective for the company. UBS Group raised their price objective on LyondellBasell Industries from $86.00 to $89.00 and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Nomura reduced their price objective on LyondellBasell Industries from $93.00 to $91.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Finally, Zacks Investment Research lowered LyondellBasell Industries from a “buy” rating to a “hold” rating and set a $77.00 price objective for the company. in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $102.18.



Shares of LyondellBasell Industries stock traded up $1.65 during midday trading on Friday, hitting $74.25. The company’s stock had a trading volume of 1,892,100 shares, compared to its average volume of 2,878,996. The firm has a market capitalization of $24.34 billion, a P/E ratio of 6.59, a PEG ratio of 0.79 and a beta of 1.31. The stock has a 50-day simple moving average of $82.69 and a 200-day simple moving average of $84.96. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83. LyondellBasell Industries NV has a 1-year low of $71.83 and a 1-year high of $116.63.

In other LyondellBasell Industries news, Director Jagjeet S. Bindra bought 1,360 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average price of $73.48 per share, with a total value of $99,932.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.14% of the company’s stock.

LyondellBasell Industries Company Profile

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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