Breaking: Westlake Chemical Corp (NYSE:WLK) Buy Rating Kept by Alembic Global Today; The Target Given is $130.0000

May 17, 2018 - By Robert Crowder

Westlake Chemical Corporation (NYSE:WLK) Logo

Investors sentiment decreased to 1.33 in Q4 2017. Its down 0.05, from 1.38 in 2017Q3. It fall, as 37 investors sold Westlake Chemical Corporation shares while 66 reduced holdings. 69 funds opened positions while 68 raised stakes. 36.26 million shares or 2.33% less from 37.12 million shares in 2017Q3 were reported.

Asset holds 0.03% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 17,044 shares. Gam Ag stated it has 5,683 shares. Engineers Gate Manager L P owns 44,000 shares or 0.32% of their US portfolio. Prudential Inc owns 390,432 shares. Tortoise Cap Advisors Limited Liability Com reported 0.02% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). California Public Employees Retirement owns 0.02% invested in Westlake Chemical Corporation (NYSE:WLK) for 125,099 shares. Raymond James Assoc has invested 0% in Westlake Chemical Corporation (NYSE:WLK). Moreover, Natl Bank Of Montreal Can has 0% invested in Westlake Chemical Corporation (NYSE:WLK). Colony Group Inc Ltd Liability Corp has invested 0.02% in Westlake Chemical Corporation (NYSE:WLK). Thompson Siegel And Walmsley Ltd Liability Company, a Virginia-based fund reported 76 shares. Geode Lc has 0.02% invested in Westlake Chemical Corporation (NYSE:WLK) for 493,609 shares. National Bank & Trust Of Ny Mellon owns 1.07M shares. Moreover, Stevens Mngmt Ltd Partnership has 0.09% invested in Westlake Chemical Corporation (NYSE:WLK). Pub Sector Pension Inv Board reported 0.01% stake. Tci Wealth Advsrs Inc holds 0% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 12 shares.

Since February 22, 2018, it had 0 insider buys, and 15 insider sales for $14.70 million activity. $221,270 worth of Westlake Chemical Corporation (NYSE:WLK) shares were sold by Bender Mark Steven. $172,012 worth of stock was sold by Buesinger Robert F. on Tuesday, May 15. Shares for $773,665 were sold by Ederington L. Benjamin. $1.05 million worth of stock was sold by Teel Lawrence E. on Monday, February 26. $245,079 worth of Westlake Chemical Corporation (NYSE:WLK) was sold by Mangieri George J on Monday, March 5. Another trade for 6,028 shares valued at $723,360 was made by Kenner Andrew on Friday, March 9.

Westlake Chemical Corp (NYSE:WLK) Rating Reaffirmed

The financial company has just set a PT of $130.0000 on Westlake Chemical Corp (NYSE:WLK) shares. This is 7.59 % from the last stock close price. In a research report released on Monday morning, Alembic Global reconfirmed their Buy rating on shares of WLK.

Westlake Chemical Corporation (NYSE:WLK) Ratings Coverage

Among 13 analysts covering Westlake Chemical Corp (NYSE:WLK), 5 have Buy rating, 2 Sell and 6 Hold. Therefore 38% are positive. Westlake Chemical Corp has $139.0 highest and $87 lowest target. $117.67’s average target is -2.62% below currents $120.83 stock price. Westlake Chemical Corp had 21 analyst reports since November 24, 2017 according to SRatingsIntel. As per Wednesday, February 21, the company rating was maintained by Citigroup. Susquehanna maintained the stock with “Buy” rating in Sunday, February 25 report. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Buy” rating by RBC Capital Markets on Wednesday, December 13. The stock of Westlake Chemical Corporation (NYSE:WLK) has “Hold” rating given on Monday, April 9 by J.P. Morgan. UBS maintained Westlake Chemical Corporation (NYSE:WLK) on Wednesday, February 21 with “Sell” rating. The firm has “Buy” rating given on Thursday, December 7 by Wells Fargo. The rating was maintained by Cowen & Co on Wednesday, January 31 with “Buy”. BMO Capital Markets initiated the stock with “Hold” rating in Tuesday, March 27 report. Deutsche Bank maintained the shares of WLK in report on Thursday, February 22 with “Hold” rating. The firm has “Underperform” rating by Bank of America given on Tuesday, January 16.

The stock increased 0.08% or $0.1 during the last trading session, reaching $120.83. About 713,519 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 76.43% since May 18, 2017 and is uptrending. It has outperformed by 64.88% the S&P500.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on August, 2. They expect $2.43 EPS, up 100.83 % or $1.22 from last year’s $1.21 per share. WLK’s profit will be $314.92M for 12.43 P/E if the $2.43 EPS becomes a reality. After $2.24 actual EPS reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts 8.48 % EPS growth.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $15.66 billion. It operates through two divisions, Olefins and Vinyls. It has a 12.08 P/E ratio. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

Another recent and important Westlake Chemical Corporation (NYSE:WLK) news was published by Seekingalpha.com which published an article titled: “Westlake Chemical (WLK) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018.

Westlake Chemical Corporation (NYSE:WLK) Institutional Positions Chart

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