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Grantham Mayo Van Otterloo & Co. LLC boosted its LyondellBasell holdings by 71.1%, despite the company missing earnings estimates.
Institutional investor Grantham Mayo Van Otterloo & Co. LLC increased its holdings in specialty chemicals company LyondellBasell Industries (LYB) by 71.1% in the fourth quarter, owning 224,643 shares worth $16.7 million.
LyondellBasell reported earnings per share of $0.75, missing estimates by $0.53.
The company's market cap is $18.75 billion, with a P/E ratio of 14.00 and a dividend yield of 9.24%.
Shares opened at $57.98 on Friday, with a 52-week range of $57.57 to $107.02.
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Grantham Mayo Van Otterloo & Co. LLC incrementó sus participaciones en LyondellBasell en un 71,1%, a pesar de que la empresa perdió las estimaciones de ingresos.