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

Sanctuary Advisors LLC increased its stake in LyondellBasell Industries (NYSE:LYB) by 165.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,542 shares of the specialty chemicals company’s stock after buying an additional 37,079 shares during the period. Sanctuary Advisors LLC’s holdings in LyondellBasell Industries were worth $5,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC boosted its stake in LyondellBasell Industries by 155.9% during the third quarter. CVA Family Office LLC now owns 261 shares of the specialty chemicals company’s stock worth $25,000 after acquiring an additional 159 shares in the last quarter. Blue Trust Inc. boosted its position in shares of LyondellBasell Industries by 311.0% in the 2nd quarter. Blue Trust Inc. now owns 300 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 227 shares in the last quarter. Matrix Trust Co purchased a new stake in shares of LyondellBasell Industries in the 3rd quarter worth approximately $30,000. Ashton Thomas Securities LLC bought a new position in LyondellBasell Industries during the 3rd quarter valued at approximately $31,000. Finally, Independence Bank of Kentucky raised its stake in LyondellBasell Industries by 125.6% during the second quarter. Independence Bank of Kentucky now owns 388 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 216 shares during the last quarter. 71.20% of the stock is currently owned by hedge funds and other institutional investors.

LyondellBasell Industries Price Performance

NYSE LYB opened at $75.67 on Monday. The company has a 50-day moving average price of $85.32 and a 200-day moving average price of $92.13. LyondellBasell Industries has a 52 week low of $74.92 and a 52 week high of $107.02. The company has a quick ratio of 1.25, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $24.57 billion, a P/E ratio of 11.52, a PEG ratio of 2.16 and a beta of 1.05.

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

LyondellBasell Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 9th. Investors of record on Monday, December 2nd were given a dividend of $1.34 per share. The ex-dividend date was Monday, December 2nd. This represents a $5.36 annualized dividend and a yield of 7.08%. LyondellBasell Industries’s dividend payout ratio (DPR) is presently 81.58%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on LYB shares. Royal Bank of Canada reduced their price target on LyondellBasell Industries from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, November 4th. Barclays decreased their target price on shares of LyondellBasell Industries from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. StockNews.com upgraded shares of LyondellBasell Industries from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Mizuho decreased their price objective on shares of LyondellBasell Industries from $97.00 to $85.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, The Goldman Sachs Group cut their target price on LyondellBasell Industries from $96.00 to $86.00 and set a “sell” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, LyondellBasell Industries has an average rating of “Hold” and an average target price of $97.36.

LyondellBasell Industries 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.