Westlake Chemical Co. (WLK) CFO Mark Steven Bender Sells 6,500 Shares
Westlake Chemical Co. (NYSE:WLK) CFO Mark Steven Bender sold 6,500 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $97.83, for a total value of $635,895.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Mark Steven Bender also recently made the following trade(s):
- On Tuesday, November 21st, Mark Steven Bender sold 20,382 shares of Westlake Chemical stock. The stock was sold at an average price of $94.27, for a total value of $1,921,411.14.
- On Monday, November 13th, Mark Steven Bender sold 29,804 shares of Westlake Chemical stock. The stock was sold at an average price of $94.02, for a total value of $2,802,172.08.
Westlake Chemical Co. (NYSE:WLK) traded up $1.22 during trading hours on Tuesday, hitting $98.41. The stock had a trading volume of 723,849 shares, compared to its average volume of 859,308. The company has a market capitalization of $12,540.00, a PE ratio of 19.75, a P/E/G ratio of 1.78 and a beta of 1.72. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 2.31. Westlake Chemical Co. has a 52 week low of $55.83 and a 52 week high of $99.71.
Hedge funds have recently made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. boosted its holdings in Westlake Chemical by 6,376.2% in the third quarter. Tortoise Capital Advisors L.L.C. now owns 1,360 shares of the specialty chemicals company’s stock valued at $113,000 after acquiring an additional 1,339 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Westlake Chemical in the third quarter valued at approximately $137,000. Advisors Asset Management Inc. boosted its holdings in Westlake Chemical by 162.8% in the second quarter. Advisors Asset Management Inc. now owns 2,276 shares of the specialty chemicals company’s stock valued at $151,000 after acquiring an additional 1,410 shares during the last quarter. Verity Asset Management Inc. bought a new stake in Westlake Chemical in the second quarter valued at approximately $204,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Westlake Chemical in the third quarter valued at approximately $204,000. Institutional investors and hedge funds own 30.42% of the company’s stock.
Several research analysts have commented on WLK shares. Zacks Investment Research downgraded Westlake Chemical from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Cowen boosted their target price on Westlake Chemical from $70.00 to $78.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 22nd. SunTrust Banks reissued a “buy” rating and set a $86.00 target price on shares of Westlake Chemical in a research note on Wednesday, September 6th. Royal Bank Of Canada reissued a “buy” rating on shares of Westlake Chemical in a research note on Wednesday, September 6th. Finally, Instinet upgraded Westlake Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $96.45.
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About Westlake Chemical
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.
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