Sanctuary Advisors LLC Acquires 6,018 Shares of LyondellBasell Industries (NYSE:LYB)

Sanctuary Advisors LLC increased its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 10.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,560 shares of the specialty chemicals company's stock after acquiring an additional 6,018 shares during the period. Sanctuary Advisors LLC's holdings in LyondellBasell Industries were worth $4,990,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its position in shares of LyondellBasell Industries by 369.0% in the 3rd quarter. Blue Trust Inc. now owns 1,407 shares of the specialty chemicals company's stock valued at $135,000 after purchasing an additional 1,107 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of LyondellBasell Industries by 149.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 64,144 shares of the specialty chemicals company's stock worth $6,151,000 after buying an additional 38,428 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of LyondellBasell Industries by 45.8% in the third quarter. Sequoia Financial Advisors LLC now owns 10,459 shares of the specialty chemicals company's stock worth $1,003,000 after acquiring an additional 3,284 shares in the last quarter. Signaturefd LLC increased its position in shares of LyondellBasell Industries by 6.0% in the third quarter. Signaturefd LLC now owns 5,231 shares of the specialty chemicals company's stock worth $502,000 after acquiring an additional 297 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of LyondellBasell Industries during the third quarter valued at approximately $98,000. 71.20% of the stock is currently owned by institutional investors.

Insider Transactions at LyondellBasell Industries

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of LyondellBasell Industries stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $76.06 per share, with a total value of $380,300.00. Following the acquisition, the director now directly owns 18,175 shares in the company, valued at approximately $1,382,390.50. This trade represents a 37.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on LYB. Morgan Stanley lowered their price objective on shares of LyondellBasell Industries from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $95.00 to $90.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Piper Sandler reduced their price objective on LyondellBasell Industries from $95.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada raised their price target on shares of LyondellBasell Industries from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 4th. Finally, UBS Group cut their target price on shares of LyondellBasell Industries from $77.00 to $76.00 and set a "neutral" rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $88.25.

LyondellBasell Industries Stock Performance

LyondellBasell Industries stock traded down $0.57 on Friday, reaching $77.05. 2,443,723 shares of the stock were exchanged, compared to its average volume of 2,664,283. The company has a current ratio of 1.83, a quick ratio of 1.13 and a debt-to-equity ratio of 0.84. LyondellBasell Industries has a twelve month low of $72.21 and a twelve month high of $107.02. The firm has a fifty day moving average price of $75.64 and a two-hundred day moving average price of $85.29. The stock has a market cap of $25.02 billion, a PE ratio of 18.61, a PEG ratio of 0.97 and a beta of 1.05.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings data on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same period last year, the firm posted $1.26 EPS. Sell-side analysts anticipate that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Company Profile

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.