In this article we discuss the 5 best plastics stocks to buy now. If you want to read our detailed analysis of these companies, go directly to the 10 Best Plastics Stocks to Buy Now.
5. LyondellBasell Industries N.V. (NYSE: LYB)
Number of Hedge Fund Holders:
Being one of the largest plastics and chemicals companies across the globe, it is not surprising that LyondellBasell Industries N.V. (NYSE: LYB) made it to this list of best plastics stocks to buy. The company produces materials that aid in the advancement of solutions to problems such as the issue of enhancing food safety through lightweight packaging and protecting water purity through stronger pipes.
The successful hedge fund, Platinum Asset Management, led by billionaire Kerr Neilson has 698,370 shares in the company worth $72,665,000.
4. Dow Inc. (NYSE: DOW)
Number of Hedge Fund Holders:
Based in the US, Dow Inc. (NYSE: DOW) ranks 4th on our list of the best plastics stocks to buy now. It had a market value of $41.167 billion as of the start of this year. Dow Inc. (NYSE: DOW) is a chemicals manufacturing company with 106 sites across 31 countries.
3. BASF SE (ETR: BAS)
Number of Hedge Fund Holders: N/A
This company had a market value estimated at $72.4 billion in January 2021 and is ranked 3rd on our list of the 10 best plastics stocks to buy now. BASF SE (ETR: BAS) is a Germany-based chemical producing and marketing company, one of the largest in the world. Apart from the above, the company also manufactures and deals in paints.
For investors looking for dividend stocks in the plastics industry, BASF SE (ETR: BAS) would be a perfect choice. So far, the stock has also seen a change in share value of 6.22%. Additionally, BASF SE (ETR: BAS) has a dividend yield of 3.39% valued at $0.71 a share, making it a profitable plastics stock to invest in.
2. China Petroleum & Chemical Corporation (NYSE: SNP)
Number of Hedge Fund Holders:
Ranked 2nd on our list of the 10 best plastics stocks to buy now is a Chinese company: China Petroleum & Chemical Corporation (NYSE: SNP). With the latest market value estimation at $78.6 billion, the company has managed to secure a position on this list. The company deals in chemicals used to make plastics.
1. ExxonMobil Chemical Company (NYSE: XOM)
Number of Hedge Fund Holders:
This US-based chemical company produces and supplies petrochemicals to its customers both in the US and internationally. As of January 2021, ExxonMobil Chemical Company (NYSE: XOM) had a market value of $174.3 billion. It is ranked 1st on our list of the 10 best plastics stocks to buy now.
ExxonMobil Chemical Company (NYSE: XOM) is the largest publicly traded oil and gas company. It used technology and innovation to meet the world’s everchanging and evergrowing needs and expectations. ExxonMobil Chemical Company (NYSE: XOM) is an industry leader in the plastics industry and is one of the top stocks to consider for investment if one is looking for companies in the chemicals manufacturing sector.
Harding Loevner, in its Q1 2021 investor letter, mentioned Exxon Mobil Corporation (NYSE: XOM). Here is what Harding Loevner has to say about Exxon Mobil Corporation in its letter:
“We felt that our remaining energy holding, ExxonMobil, with its stronger balance sheet, was in a better position to ride out the cyclical slump in oil demand and even perhaps take advantage of it by investing counter-cyclically. While ExxonMobil does plan to increase capital expenditure, we’ve been disappointed in its regrettable failure to address ongoing emission trends, which reflects poorly on management’s foresight. As a result, we sold our ExxonMobil holdings.”
You can also take a peek at 15 Largest Beverage Companies by Market Cap and 10 Best-Performing Stocks in 2021.
