Westlake Chemical Corp (NYSE:WLK): Stock Big Money Are Happy About: at 1.33

May 3, 2018 - By Mark Williams

Westlake Chemical Corporation (NYSE:WLK) Corporate Logo

Positions for Westlake Chemical Corp (NYSE:WLK)

In 2017 Q4 Westlake Chemical Corp (NYSE:WLK) big money sentiment decreased to 1.33, according to SEC.gov filings. So its down -0.05, from 2017Q3’s 1.38. 137 institutional investors opened new and increased holdings, while 103 trimmed and sold stock positions in Westlake Chemical Corp so the sentiment has worsened. These funds own 36.26 million shares, that’s down from 37.12 million shares in 2017Q3. Funds holding Westlake Chemical Corp in top 10 increased from 2 to 5 for an increase of 3. 37 Investors Sold All; 66 Reduced Holdings; 68 increased stakes while 69 institutional investors bought stakes.

Biggest Westlake Chemical Corp Shareholders

As of 2017 Q4 Robotti Robert has 7.42% invested in Westlake Chemical Corp. As of 2017 Q4, 100,000 shares of Westlake Chemical Corp are owned by Tricadia Capital Management Llc. Marvin & Palmer Associates Inc reported 32,890 shares. The New York-based fund Price Michael F have invested about 2.98% of the fund’s stock portfolio in Westlake Chemical Corp. The Massachusetts-based fund Contravisory Investment Management Inc. holds 60,745 shares or 2.35% of their US long stock exposure.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products.The firm is valued at $13.40 billion. It operates through two divisions, Olefins and Vinyls.The P/E ratio is 10.34. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

The stock decreased 4.19% or $4.52 during the last trading session, reaching $103.43.Westlake Chemical Corporation has volume of 418,876 shares. Since May 3, 2017 WLK has risen 76.43% and is uptrending. The stock outperformed the S&P500 by 64.88%.

Scopus Asset Limited Partnership holds 354,011 shs. Engineers Gate Manager Limited Partnership owns 0.32% invested in Westlake Chemical Corporation (NYSE:WLK) for 44,000 shs. Bb&T Secs Ltd Limited Liability Company owns 1,885 shs. 7,160 are held by Teachers & Annuity Association Of America. Arcadia Mngmt Corporation Mi accumulated 350 shs. Martingale Asset Mngmt L P has invested 0.14% in Westlake Chemical Corporation (NYSE:WLK). Panagora Asset Mngmt Inc invested in 1,470 shs. James Investment Research accumulated 163,634 shs or 0.6% of the stock. Ny State Common Retirement Fund has invested 0.02% in Westlake Chemical Corporation (NYSE:WLK). Navellier & Assocs accumulated 7,522 shs. 2,188 were reported by Raymond James. Metropolitan Life invested 0% in Westlake Chemical Corporation (NYSE:WLK). Sterling Management Limited Liability Com holds 43,770 shs. Smith Graham And Co Invest Advisors Ltd Partnership invested in 89,266 shs or 0.89% of the stock. Northwestern Mutual Wealth holds 111 shs.

Westlake Chemical Corporation had 12 selling transactions and 0 buys since February 22, 2018. This’s net activity of $11.77 million. Buesinger Robert F. sold $2.19 million worth of Westlake Chemical Corporation (NYSE:WLK) on Monday, March 5. On Monday, March 5 Mangieri George J also sold $245,079 worth of Westlake Chemical Corporation (NYSE:WLK). The insider BLAKELY ROBERT T sold 4,038 shs worth $448,218. Another trade for 5,000 shs valued at $558,470 was made by Bender Mark Steven on Monday, February 26. $1.05M worth of stock was sold by Teel Lawrence E. on Monday, February 26. $1.95 million worth of Westlake Chemical Corporation (NYSE:WLK) shs were sold by LUKENS MAX L.

Westlake Chemical Corporation (NYSE:WLK) Ratings Coverage

Total analysts of 14 have positions in Westlake Chemical (NYSE:WLK) as follows: 6 rated it a “Buy”, 2 with “Sell” and 6 with “Hold”. The positive are 43%. Since November 8, 2017 according to StockzIntelligence Inc Westlake Chemical has 25 analyst reports. On Wednesday, January 31 the firm has “Buy” rating given by Cowen & Co. On Wednesday, January 3 the firm has “Hold” rating given by Vertical Research. On Tuesday, March 27 the firm has “Hold” rating by BMO Capital Markets given. The stock rating was downgraded by Bank of America to “Underperform” on Tuesday, January 16. On Wednesday, February 21 Citigroup maintained Westlake Chemical Corporation (NYSE:WLK) with “Buy” rating. On Friday, November 17 the rating was maintained by Cowen & Co with “Buy”. On Thursday, February 22 the rating was maintained by Deutsche Bank with “Hold”. In Wednesday, February 21 report UBS maintained it with “Sell” rating and $87 target. In Thursday, November 9 report RBC Capital Markets maintained the stock with “Buy” rating. On Thursday, January 25 the firm has “Buy” rating given by RBC Capital Markets.

Westlake Chemical Corporation (NYSE:WLK) Institutional Investors Chart

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