5 Undervalued Stocks to Buy Today

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

Number of Hedge Fund Holders: 41

PE Ratio: 5.51

LyondellBasell Industries N.V. (NYSE:LYB) is a Texas-based chemicals firm. It posted earnings for the third quarter in late October, reporting a revenue of $12.7 billion, up over 87% year-on-year and beating market estimates by $1.3 billion. The stock will likely benefit from plans that seek to reduce the carbon footprint of the firm. In late September, the company had announced that it would be setting in motion a strategy to reduce emissions by 30% till 2030 and eventually move towards net zero emissions. 

Wells Fargo analyst Michael Sison has an Overweight rating on LyondellBasell Industries N.V. (NYSE:LYB) stock with a price target of $120. In an investor note penned in early November, the analyst said the firm was well-positioned to weather near-term headwinds compared to peers.

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 2.9 million shares worth more than $301 million.