5 Dividend Stocks to Buy According to Billionaire Steve Cohen

2. LyondellBasell Industries NV (NYSE:LYB)

Stake Value of Point72 Asset Management: $12,773,000

Percentage of Point72 Asset Management’s 13F Portfolio: 0.05

Number of Hedge Fund Holders: 39

Dividend Yield as of December 12: 5.03%

LyondellBasell Industries NV (NYSE:LYB) is a chemical company with operations in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally.

This October Christopher Parkinson, an analyst at Mizuho, initiated coverage of LyondellBasell Industries NV (NYSE:LYB) with a Buy rating and gave the stock a $125 price target.

Insider Monkey was able to spot LyondellBasell Industries NV (NYSE:LYB) among 39 hedge fund portfolios by the end of the third quarter of 2021. The total value of these hedge funds’ stakes was $676.59 million.