5 Best Commodity Stocks To Invest In

In this article, we discuss the 5 best commodity stocks to invest in. If you want to read about some more commodity stocks, go directly to 11 Best Commodity Stocks To Invest In.

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

Number of Hedge Fund Holders: 37    

LyondellBasell Industries N.V. (NYSE:LYB) operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. It is one of the elite commodity stocks to invest in. The firm posted earnings for the second quarter of 2022 on July 29, reporting earnings per share of $5.19, beating market estimates by $0.49. The revenue over the period was $14.8 billion, up more than 28% compared to the revenue in the same period last year. 

On September 19, UBS analyst Joshua Spector maintained a Neutral rating on LyondellBasell Industries N.V. (NYSE:LYB) stock and lowered the price target to $83 from $96, noting there was investor caution in the chemicals space after the recent profit warnings. 

Among the hedge funds being tracked by Insider Monkey, California-based investment firm Eagle Capital Management is a leading shareholder in LyondellBasell Industries N.V. (NYSE:LYB), with 4 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%.”