Finally, TIAA CREF Investment Management LLC increased its position in Westlake Chemical Corporation by 14.8% in the 2nd quarter. The firm owned 93,340 shares of the specialty chemicals company's stock after selling 10,430 shares during the period. This is a positive change from Westlake Chemical Corporation's previous quarterly dividend of $0.19. Morgan Stanley now owns 26,028 shares of the specialty chemicals company's stock valued at $1,718,000 after buying an additional 3,413 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Westlake Chemical Corporation by 162.8% in the 2nd quarter.
09/08/2014 - Bank of America Merrill Lynch began new coverage on Westlake Chemical Partners LP giving the company a "neutral" rating. Dynamic Technology Lab Private Ltd bought a new stake in Westlake Chemical Corporation in the 1st quarter valued at about $273,000.
01/20/2017 - Westlake Chemical Partners LP was upgraded to "buy" by analysts at Tudor Pickering. As of the end of the quarter Harvest Fund Advisors LLC had disposed of a total of 25,786 shares trimming its holdings by 0.8%. Advisors Asset Management Inc. now owns 2,276 shares of the specialty chemicals company's stock worth $151,000 after buying an additional 1,410 shares in the last quarter. Instinet raised Westlake Chemical Corporation from a neutral rating to a buy rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded Westlake Chemical Partners from a "buy" rating to a "hold" rating in a research note on Friday, January 27th.
In a report released on 10/10/2017 Cowen increased the stock price target of Westlake Chemical (NYSE:WLK) from $78.00 to $92.00 indicating a possible upside of 0.09%.
Several other equities analysts also recently weighed in on the stock. They now have a United States dollars 30 price target on the stock. "LLC" was first posted by Week Herald and is owned by of Week Herald. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and global copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2017/10/10/westlake-chemical-corporation-wlk-price-target-raised-to-92-00.html.
Shares of Westlake Chemical Corporation (WLK) opened at 84.23 on Tuesday. 76,387 shares of the company were exchanged.
The stock's 50 day moving average is 23.49 and its 200 day moving average is 24.35.
Westlake Chemical Corporation (NYSE:WLK) last issued its quarterly earnings data on Thursday, August 3rd. The specialty chemicals company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.19 by $0.02. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. Westlake Chemical Corporation had a return on equity of 13.68% and a net margin of 6.57%. The business's revenue was up 82.2% on a year-over-year basis. During the same quarter a year ago, the firm posted $0.85 EPS. Finally, Royal Bank Of Canada reissued a buy rating on shares of Westlake Chemical Corporation in a research report on Wednesday, September 6th. Stockholders of record on Monday, May 15th will be given a dividend of $0.3549 per share.
Presently, 20 Year Bond Ishares (TLT) has a 14-day ATR of 0.85. The ex-dividend date was Wednesday, August 30th.
Westlake Chemical Partners LP had its "outperform" rating reiterated by analysts at FBR Capital Markets.
In related news, VP Mark Steven Bender sold 13,794 shares of the business's stock in a transaction that occurred on Tuesday, August 15th. Following the completion of the sale, the vice president now directly owns 44,449 shares in the company, valued at $3,121,208.78. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.
The Company's products include a range of chemicals, which are fundamental to various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods.