LyondellBasell Industries NV (NYSE:LYB) saw a large decline in short interest in July. As of July 31st, there was short interest totalling 5,190,300 shares, a decline of 45.4% from the June 30th total of 9,506,900 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average trading volume of 3,350,000 shares, the days-to-cover ratio is currently 1.5 days.

Several equities analysts have weighed in on LYB shares. BMO Capital Markets lowered their target price on LyondellBasell Industries from $90.00 to $88.00 and set a “market perform” rating on the stock in a research note on Monday, August 5th. Barclays lowered their target price on LyondellBasell Industries from $100.00 to $91.00 and set an “overweight” rating on the stock in a research note on Monday, August 5th. JPMorgan Chase & Co. began coverage on LyondellBasell Industries in a research note on Friday, July 19th. They issued an “underweight” rating and a $80.00 price target for the company. Nomura lowered their price target 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, Bank of America lowered their price target 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $102.18.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in LyondellBasell Industries by 63.6% in the 2nd quarter. US Bancorp DE now owns 461,338 shares of the specialty chemicals company’s stock worth $39,736,000 after purchasing an additional 179,312 shares during the last quarter. Virtus ETF Advisers LLC lifted its holdings in LyondellBasell Industries by 14,395.6% in the 2nd quarter. Virtus ETF Advisers LLC now owns 29,571 shares of the specialty chemicals company’s stock worth $2,547,000 after purchasing an additional 29,367 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 23.2% during the second quarter. HighTower Advisors LLC now owns 284,409 shares of the specialty chemicals company’s stock worth $24,505,000 after buying an additional 53,488 shares during the last quarter. Pinebridge Investments L.P. lifted its holdings in shares of LyondellBasell Industries by 1.2% during the second quarter. Pinebridge Investments L.P. now owns 253,552 shares of the specialty chemicals company’s stock worth $21,838,000 after buying an additional 3,039 shares during the last quarter. Finally, United Capital Financial Advisers LLC lifted its holdings in shares of LyondellBasell Industries by 1.0% during the second quarter. United Capital Financial Advisers LLC now owns 58,094 shares of the specialty chemicals company’s stock worth $5,004,000 after buying an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 76.55% of the company’s stock.

Shares of NYSE LYB traded up $2.68 during trading hours on Tuesday, hitting $75.61. The stock had a trading volume of 2,919,593 shares, compared to its average volume of 2,884,358. The company’s 50-day moving average price is $83.50. LyondellBasell Industries has a 52 week low of $72.32 and a 52 week high of $116.63. The company has a quick ratio of 0.85, a current ratio of 1.47 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $25.48 billion, a P/E ratio of 6.71, a P/E/G ratio of 0.81 and a beta of 1.31.

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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