5 Best Chemical Stocks To Buy Now

4. LyondellBasell Industries N.V. (NYSE:LYB)

Number of Hedge Fund Holders: 37

LyondellBasell Industries N.V. (NYSE:LYB) operates as a chemical company globally. The firm is among the best chemical stocks to invest in. On July 29, LyondellBasell Industries N.V. (NYSE:LYB) posted earnings for the second quarter of 2022, reporting earnings per share of $5.19, beating estimates by $0.49. The revenue over the period was $14.8 billion, up over 28% compared to the revenue over the same period last year and beating analyst expectations by $1.1 billion. 

LyondellBasell Industries N.V. (NYSE:LYB) is based in Texas and was incorporated in 2009. Some of the products it sells include polyolefins and polyethylene products like density polyethylene, low density polyethylene, and linear low density polyethylene. 

Among the hedge funds being tracked by Insider Monkey, New York-based firm Eagle Capital Management is a leading shareholder in LyondellBasell Industries N.V. (NYSE:LYB), with 4.1 million shares worth more than $358 million. 

In its Q3 2021 investor letter, Miller Howard Investments, an asset management firm, highlighted a few stocks and LyondellBasell Industries N.V. (NYSE:LYB) was one of them. Here is what the fund said:

“We initiated a position in LyondellBasell Industries N.V. (NYSE:LYB). Chemical markets are currently robust given the combination of 2020 plant shutdowns and strongly recovering demand. Despite the tailwinds, Lyondell trades at a low valuation and yields just under 5%.”