Westlake Chemical Corporation (NYSE:WLK) Director Robert T. Blakely sold 4,367 shares of the stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $92.33, for a total value of $403,205.11. Following the sale, the director now owns 11,700 shares of the company’s stock, valued at approximately $1,080,261. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Westlake Chemical Corporation (NYSE:WLK) traded down $1.20 on Wednesday, hitting $92.75. The stock had a trading volume of 1,110,900 shares, compared to its average volume of 853,551. The stock has a market capitalization of $12,129.64, a price-to-earnings ratio of 18.83, a P/E/G ratio of 2.31 and a beta of 1.67. Westlake Chemical Corporation has a one year low of $52.57 and a one year high of $96.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.31 and a quick ratio of 1.59.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in WLK. OppenheimerFunds Inc. purchased a new stake in shares of Westlake Chemical Corporation in the first quarter valued at $205,000. Morgan Stanley lifted its holdings in shares of Westlake Chemical Corporation by 15.1% in the first quarter. Morgan Stanley now owns 26,028 shares of the specialty chemicals company’s stock valued at $1,718,000 after purchasing an additional 3,413 shares in the last quarter. BlackRock Inc. increased its stake in shares of Westlake Chemical Corporation by 14,246.4% in the first quarter. BlackRock Inc. now owns 1,699,615 shares of the specialty chemicals company’s stock worth $112,260,000 after acquiring an additional 1,687,768 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Westlake Chemical Corporation by 8.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 181,558 shares of the specialty chemicals company’s stock worth $11,992,000 after acquiring an additional 14,887 shares during the last quarter. Finally, Credit Suisse AG increased its stake in shares of Westlake Chemical Corporation by 346.4% in the first quarter. Credit Suisse AG now owns 112,691 shares of the specialty chemicals company’s stock worth $7,443,000 after acquiring an additional 87,447 shares during the last quarter. Institutional investors own 32.01% of the company’s stock.

A number of equities research analysts have recently commented on WLK shares. Royal Bank Of Canada reiterated a “buy” rating on shares of Westlake Chemical Corporation in a research report on Wednesday, September 6th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $86.00 price objective on shares of Westlake Chemical Corporation in a research report on Wednesday, September 6th. UBS AG increased their price objective on Westlake Chemical Corporation from $56.00 to $61.00 and gave the company a “sell” rating in a research report on Friday, October 13th. Zacks Investment Research upgraded Westlake Chemical Corporation from a “hold” rating to a “buy” rating and set a $95.00 price objective for the company in a research report on Friday, October 13th. Finally, Citigroup Inc. started coverage on Westlake Chemical Corporation in a research report on Tuesday, October 24th. They set a “buy” rating and a $97.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $92.73.

Westlake Chemical Corporation Company Profile

Westlake Chemical Corporation is a 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 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.

Insider Buying and Selling by Quarter for Westlake Chemical Corporation (NYSE:WLK)

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