Sanctuary Advisors LLC Purchases 37,079 Shares of LyondellBasell Industries (NYSE:LYB)

Sanctuary Advisors LLC grew its position in shares of LyondellBasell Industries (NYSE:LYB - Free Report) by 165.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,542 shares of the specialty chemicals company's stock after buying an additional 37,079 shares during the quarter. Sanctuary Advisors LLC's holdings in LyondellBasell Industries were worth $5,710,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in LYB. HighTower Advisors LLC raised its holdings in LyondellBasell Industries by 18.2% during the third quarter. HighTower Advisors LLC now owns 1,038,687 shares of the specialty chemicals company's stock valued at $99,557,000 after buying an additional 159,803 shares in the last quarter. Quantinno Capital Management LP increased its holdings in shares of LyondellBasell Industries by 23.1% during the 3rd quarter. Quantinno Capital Management LP now owns 61,897 shares of the specialty chemicals company's stock valued at $5,936,000 after acquiring an additional 11,610 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of LyondellBasell Industries by 6.3% in the 3rd quarter. Principal Financial Group Inc. now owns 307,496 shares of the specialty chemicals company's stock valued at $29,489,000 after acquiring an additional 18,311 shares in the last quarter. Weiss Asset Management LP acquired a new stake in LyondellBasell Industries in the 3rd quarter worth approximately $7,537,000. Finally, Captrust Financial Advisors boosted its position in LyondellBasell Industries by 4.7% during the third quarter. Captrust Financial Advisors now owns 135,346 shares of the specialty chemicals company's stock worth $12,980,000 after purchasing an additional 6,074 shares during the period. Institutional investors own 71.20% of the company's stock.

Insider Buying and Selling

In related news, Director Robin W.T. Buchanan purchased 5,000 shares of the stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $76.06 per share, for a total transaction of $380,300.00. Following the completion of the transaction, the director now directly owns 18,175 shares of the company's stock, valued at approximately $1,382,390.50. The trade was a 37.95 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.11% of the company's stock.

LyondellBasell Industries Stock Performance

Shares of LYB traded down $0.99 on Monday, reaching $74.68. 3,094,171 shares of the stock traded hands, compared to its average volume of 1,977,967. The stock's 50-day moving average price is $85.32 and its 200-day moving average price is $92.13. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 1.25. The firm has a market cap of $24.25 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 2.16 and a beta of 1.05. LyondellBasell Industries has a 12 month low of $74.60 and a 12 month high of $107.02.

LyondellBasell Industries (NYSE:LYB - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The specialty chemicals company reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.98 by ($0.10). LyondellBasell Industries had a return on equity of 17.05% and a net margin of 5.29%. The business had revenue of $10.33 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. The firm's quarterly revenue was down 2.8% on a year-over-year basis. Equities analysts forecast that LyondellBasell Industries will post 7.02 EPS for the current fiscal year.

LyondellBasell Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were paid a $1.34 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $5.36 dividend on an annualized basis and a yield of 7.18%. LyondellBasell Industries's payout ratio is currently 81.58%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of LyondellBasell Industries from $100.00 to $94.00 and set a "hold" rating for the company in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of LyondellBasell Industries from $100.00 to $90.00 and set an "overweight" rating for the company in a report on Friday, December 6th. Wells Fargo & Company lowered their price target on LyondellBasell Industries from $105.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 10th. The Goldman Sachs Group cut their price objective on LyondellBasell Industries from $96.00 to $86.00 and set a "sell" rating for the company in a research report on Thursday. Finally, Piper Sandler lowered their target price on LyondellBasell Industries from $117.00 to $112.00 and set an "overweight" rating on the stock in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $97.36.

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.