Westlake Chemical Corp. (NYSE:WLK) VP George J. Mangieri sold 5,696 shares of Westlake Chemical Corp. stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $52.91, for a total value of $301,375.36. Following the completion of the transaction, the vice president now owns 12,503 shares of the company’s stock, valued at $661,533.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Westlake Chemical Corp. (NYSE:WLK) opened at 53.78 on Tuesday. Westlake Chemical Corp. has a 52-week low of $39.48 and a 52-week high of $61.21. The stock has a market capitalization of $6.92 billion, a PE ratio of 17.24 and a beta of 1.89. The firm’s 50-day moving average is $52.34 and its 200 day moving average is $48.13.

Westlake Chemical Corp. (NYSE:WLK) last announced its earnings results on Tuesday, November 8th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.39. Westlake Chemical Corp. had a return on equity of 13.56% and a net margin of 9.50%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. Westlake Chemical Corp.’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, equities analysts forecast that Westlake Chemical Corp. will post $3.69 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in WLK. BlueMountain Capital Management LLC raised its position in shares of Westlake Chemical Corp. by 44.3% in the first quarter. BlueMountain Capital Management LLC now owns 20,269 shares of the company’s stock worth $938,000 after buying an additional 6,227 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Westlake Chemical Corp. by 104.2% in the first quarter. Panagora Asset Management Inc. now owns 531,295 shares of the company’s stock worth $24,599,000 after buying an additional 271,164 shares during the last quarter. Robotti Robert raised its position in shares of Westlake Chemical Corp. by 2.7% in the first quarter. Robotti Robert now owns 75,705 shares of the company’s stock worth $3,505,000 after buying an additional 2,020 shares during the last quarter. Moore Capital Management LP raised its position in shares of Westlake Chemical Corp. by 11.7% in the first quarter. Moore Capital Management LP now owns 381,600 shares of the company’s stock worth $17,668,000 after buying an additional 40,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of Westlake Chemical Corp. during the first quarter worth about $808,000. Institutional investors own 28.29% of the company’s stock.

Several equities research analysts recently commented on the company. Vetr cut Westlake Chemical Corp. from a “buy” rating to a “hold” rating and set a $48.76 target price on the stock. in a report on Monday, August 8th. RBC Capital Markets raised Westlake Chemical Corp. from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $47.00 to $59.00 in a report on Tuesday, August 23rd. JPMorgan Chase & Co. set a $60.00 target price on Westlake Chemical Corp. and gave the stock a “buy” rating in a report on Friday. Royal Bank Of Canada raised Westlake Chemical Corp. from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $47.00 to $59.00 in a report on Tuesday, August 23rd. Finally, Goldman Sachs Group Inc. reissued a “neutral” rating and set a $51.00 target price on shares of Westlake Chemical Corp. in a report on Friday, September 30th. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.80.

Westlake Chemical Corp. Company Profile

Westlake Chemical Corporation is a vertically integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company’s products include a range of chemicals, which are fundamental to various diverse consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, residential and commercial construction, as well as other durable and non-durable goods.

5 Day Chart for NYSE:WLK

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