5 Best Rubber and Plastics Stocks To Buy

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

Number of Hedge Fund Holders: 35

LyondellBasell Industries N.V. (NYSE:LYB) is a multinational chemical company that manufactures polypropylene compounds, engineered plastics, masterbatches, engineered composites, colors and powders, and advanced polymers, among others. It is one of the best rubber and plastics stocks to watch. On May 19, LyondellBasell Industries N.V. (NYSE:LYB) declared a $1.25 per share quarterly dividend, a 5% increase from its prior dividend of $1.19. The dividend was distributed to shareholders on June 6. 

According to Insider Monkey’s first quarter database, 35 hedge funds were bullish on LyondellBasell Industries N.V. (NYSE:LYB), compared to 33 funds in the preceding quarter. Cliff Asness’ AQR Capital Management is the leading position holder in the company, with a stake worth $195.4 million. 

Here is what Miller Howard Investments has to say about LyondellBasell Industries N.V. (NYSE:LYB) in its Q3 2021 investor letter:

“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%.”