5 Best Chemical Stocks To Invest In Now

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

Number of Hedge Fund Holders: 39

LyondellBasell Industries N.V. (NYSE:LYB) is one of the highest yielding chemical stocks on the market. It has registered ten consecutive years of payouts and eight consecutive years of dividend growth. On November 19, LyondellBasell Industries N.V. (NYSE:LYB) declared a quarterly dividend of $1.13 per share, in line with previous. The forward yield was close to 5%. LyondellBasell Industries N.V. (NYSE:LYB) is also working on clean energy goals to improve efficiency and the stock is trading at a bargain compared to the benefits it offers to value investors. 

New York-based firm Eagle Capital Management seems to understand this and is a leading shareholder in LyondellBasell Industries N.V. (NYSE:LYB) with 3.2 million shares worth more than $302 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 (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%.”