Chicago Equity Partners LLC Raises Holdings in Westlake Chemical Co. (NYSE:WLK)

Lloyd Doyle
February 18, 2018

Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since February 15, 2017 and is uptrending. It has outperformed by 19.11% the S&P500.

Alexander Mitchell increased its stake in Westlake Chem Corp (WLK) by 12.24% based on its latest 2017Q3 regulatory filing with the SEC. Matthew 25 Management Corp owns 1.60 million shares or 9.07% of their U.S. portfolio. The stock decreased 2.27% or $2.48 during the last trading session, reaching $106.76. The stock was acquired at an average cost of $21.98 per share, for a total transaction of $327,502.00. The lowest target is $28.0 while the high is $30.0. It has outperformed by 28.35% the S&P500.

Investors sentiment decreased to 0.88 in Q3 2017. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.31 and a quick ratio of 1.59. It is positive, as 40 investors sold WMB shares while 203 reduced holdings. 687.46 million shares or 1.13% less from 695.32 million shares in 2017Q2 were reported. Dean Investment Assoc Lc accumulated 4,580 shares or 0.11% of the stock. 26,560 are owned by Sky Invest Ltd Liability Company. (NYSE:WMB). Canal Ins has 100,300 shares. American Natl Registered Advisor has invested 0.23% in The Williams Companies, Inc. Schwab Charles Mgmt Incorporated owns 191,890 shares or 0.01% of their United States portfolio. Guggenheim holds 1.40 million shares or 0.1% of its portfolio. Ellington Mgmt Group Limited Liability Corp reported 5,400 shares. The company was downgraded on Wednesday, January 3 by Vertical Research. Bnp Paribas Asset Management Sa invested 0.01% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). (NYSE WLK) traded down $0.42 on Thursday, hitting $109.65.

Fort Lp decreased Best Buy Inc (NYSE:BBY) stake by 43,474 shares to 93,293 valued at $5.31M in 2017Q3. WLKP was included in 3 notes of analysts from September 9, 2016. The stock was sold at an average price of $94.34, for a total transaction of $2,358,500.00. (NYSE:WMB) on Tuesday, September 26.

Among 7 analysts covering CECO Environ. (NYSE:WMB), 12 have Buy rating, 0 Sell and 6 Hold. Therefore 67% are positive. The rating was maintained by Cowen & Co with "Buy" on Friday, November 17. Envestnet Asset Inc accumulated 473 shares or 0% of the stock. (NYSE:WMB) has "Buy" rating given on Monday, October 16 by Jefferies.

Westlake Chemical Corporation is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Barclays Capital upgraded The Williams Companies, Inc. The company was maintained on Sunday, October 15 by RBC Capital Markets. RBC Capital Markets maintained the stock with "Buy" rating in Monday, September 11 report. Also, EVP Robert F. Buesinger sold 2,674 shares of Westlake Chemical stock in a transaction on Friday, December 1st.

Analysts await The Williams Companies, Inc. They expect $0.20 EPS, up 17.65% or $0.03 from last year's $0.17 per share. WLKP's profit will be $13.86 million for 13.66 P/E if the $0.43 EPS becomes a reality.


Investors sentiment increased to 1.38 in Q3 2017. Its up 0.19, from 0.9 in 2017Q2. Tortoise Capital Advisors L.L.C. raised its holdings in shares of Westlake Chemical by 6,376.2% in the third quarter.

Schwab Charles Investment Management Inc. raised its position in Westlake Chemical Co.

Skba Capital Management Llc increased Gilead Sciences Inc (NASDAQ:GILD) stake by 19,650 shares to 162,150 valued at $13.14M in 2017Q3.

Innophos Holdings has a beta of 0.89, meaning that its stock price is 11% less volatile than the S&P 500. Nomura Holding has invested 0% in Westlake Chemical Corporation (NYSE:WLK). Natixis owns 19,303 shares.

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). Gotham Asset Ltd Liability Corp holds 0.29% or 235,249 shares in its portfolio. California Public Employees Retirement Sys stated it has 83,905 shares or 0% of all its holdings. The New York-based Clinton Grp has invested 0.12% in Westlake Chemical Partners LP (NYSE:WLKP). Also, CEO Albert Chao sold 25,000 shares of Westlake Chemical stock in a transaction that occurred on Tuesday, November 21st. Dimensional Fund Lp holds 1.16 million shares. Sei Invests has 0.01% invested in Westlake Chemical Corporation (NYSE:WLK). Mairs Inc reported 0.01% in Caterpillar Inc. Kentucky Retirement invested in 9,447 shares or 0.11% of the stock.

Shares of Westlake Chemical Partners (NYSE WLKP) opened at $23.95 on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Wells Fargo & Co restated an "outperform" rating and set a $122.00 target price (up from $112.00) on shares of Westlake Chemical in a report on Wednesday, January 17th. The rating was maintained by Alembic with "Buy" on Thursday, August 3. RBC Capital Markets maintained it with "Buy" rating and $81.0 target in Tuesday, September 5 report. The firm earned "Hold" rating on Thursday, June 8 by Jefferies.

Westlake Chemical Corp (NYSE:WLK) just had their share rating of a '"Buy"' issued by research analysts at RBC Capital, who now has a $114.0 target price on the $13.78B market cap company or a 6.78 % upside potential. The company was maintained on Thursday, July 13 by Cowen & Co. The firm has "Buy" rating given on Wednesday, November 8 by H.C. Wainwright. The stock of Westlake Chemical Corporation (NYSE:WLK) has "Neutral" rating given on Wednesday, November 8 by Bank of America. RBC Capital Markets has "Sector Perform" rating and $52 target.

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