Are Analysts Bullish about Westlake Chemical Corporation (NYSE:WLK) after last week?

Lloyd Doyle
December 10, 2017

The correct version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/10/westlake-chemical-partners-wlkp-lowered-to-hold-at-tudor-pickering.html. On Wednesday, October 25 the stock rating was maintained by Barclays Capital with "Equal-Weight". (NYSE:HRTG) rating on Monday, June 13. The firm has "Hold" rating by TheStreet given on Thursday, August 27. Wood has "Outperform" rating and $18 target. See The Bancorp, Inc. Finally, BidaskClub downgraded Westlake Chemical Partners from a sell rating to a strong sell rating in a research report on Tuesday, November 7th. Pnc Financial Grp Incorporated reported 1,052 shares. Advisors Asset Management Inc. now owns 2,276 shares of the specialty chemicals company's stock valued at $151,000 after purchasing an additional 1,410 shares during the last quarter. Westlake Chemical Partners has a one year low of $20.25 and a one year high of $26.25. The stock increased 1.10% or $0.54 during the last trading session, reaching $49.84. About 590,338 shares traded. The rating was maintained by JP Morgan with "Overweight" on Monday, May 16. It has outperformed by 28.35% the S&P500. Its up 0.30, from 0.85 in 2017Q1. Heritage Insurance Holdings, Inc. 11 funds opened positions while 31 raised stakes. Parallax Volatility Advisers Lp holds 0% or 95 shares. Anchor Bolt L P accumulated 3.27% or 1.26M shares. HRTG's SI was 5.52M shares in December as released by FINRA. Kennedy Capital holds 0.14% or 114,529 shares. Cornerstone Mngmt Lc holds 328,604 shares or 0.02% of its portfolio. Guggenheim Cap Limited Company holds 0.02% or 102,363 shares in its portfolio. Dnb Asset Mngmt As invested 0% in CIT Group Inc. Amer Gp Inc stated it has 0% in Westlake Chemical Corporation (NYSE:WLK). Sterling Capital holds 20,400 shares or 0.01% of its portfolio. (NASDAQ:TBBK) for 2.69 million shares. Salzhauer Michael reported 0.32% stake. Point72 Asset Mgmt Limited Partnership, Connecticut-based fund reported 68,000 shares.

The stock increased 0.66% or $0.15 during the last trading session, reaching $22.8. About 189,330 shares traded.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. It has underperformed by 16.70% the S&P500. (NASDAQ:TBBK) was bought by McFadden Joseph Hugh. The stock has a market cap of $665.65 million, a price-to-earnings ratio of 17.24 and a beta of 1.29. The firm offers a range of deposit services and products, including checking accounts, savings accounts, money market accounts, commercial accounts, and prepaid and payroll cards. It has a 14.44 P/E ratio. It also provides securities backed lines of credit, automobile fleet and other equipment leasing, small business administration loans, and loans generated for sale into capital markets primarily through commercial mortgage backed securities and collateralized loan obligations.

Among 19 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 1 Sell and 10 Hold. Therefore 100% are positive.

According to Zacks, analysts expect that Westlake Chemical will report full-year sales of $2.05 billion for the current year, with estimates ranging from $7.99 billion to $8.15 billion.

WLK has been the topic of several research reports. Westlake Chemical has an average rating of "Buy" and an average target price of $98.09.


On Friday, November 24th, Albert Chao sold 45,000 shares of Westlake Chemical stock. On Wednesday, November 8 the stock rating was maintained by Nomura with "Buy". The rating was maintained by Oppenheimer on Tuesday, January 5 with "Outperform". Cowen & Co maintained it with "Outperform" rating and $60 target in Monday, June 13 report. The firm has "Sector Perform" rating by RBC Capital Markets given on Monday, June 13. The rating was maintained by RBC Capital Markets with "Buy" on Friday, August 4.

Receive News & Ratings for Westlake Chemical Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake Chemical Partners LP and related companies with MarketBeat.com's FREE daily email newsletter. Its up 0.30, from 0.85 in 2017Q1. Renaissance Technologies LLC lifted its holdings in shares of Westlake Chemical Partners by 91.4% in the first quarter. JPMorgan Chase & Co. raised its stake in shares of Westlake Chemical Partners by 1,955.0% in the first quarter.

Victory Mngmt holds 0.04% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 276,421 shares. As of December 31, 2016, it had approximately 319,676 personal residential policies and 3,625 commercial residential policies. Canada Pension Plan Invest Board invested in 0.02% or 106,883 shares. Legal & General Group Inc Public Limited Co invested 0.01% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Schwab Charles Invest accumulated 0.01% or 189,202 shares. Finally, Citigroup Inc. lifted its holdings in shares of Westlake Chemical Partners by 27,347.0% in the second quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of Westlake Chemical by 6,376.2% during the third quarter. 18,313 are owned by Pub Employees Retirement Sys Of Ohio. 6,386 are owned by Horizon Kinetics Ltd Liability.

Shapiro Capital Management Llc increased Patterson Companies Inc.

Donald Smith & Company Inc decreased International Seaways stake by 23,503 shares to 555,359 valued at $12.04 million in 2017Q2. Frontier Wealth Management LLC now owns 48,900 shares of the basic materials company's stock valued at $1,059,000 after buying an additional 500 shares during the last quarter. Starbucks Corp (Put) (NASDAQ:SBUX) was raised too. They issued an "accumulate" rating and a $100.00 price target on the stock.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER