Westlake Chemical Corporation (NYSE:WLK) EVP Lawrence E. Teel sold 12,712 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $93.99, for a total value of $1,194,800.88. Following the completion of the transaction, the executive vice president now directly owns 2,290 shares of the company’s stock, valued at $215,237.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Westlake Chemical Corporation (NYSE WLK) traded up $0.82 during midday trading on Friday, reaching $93.51. The company’s stock had a trading volume of 887,451 shares, compared to its average volume of 856,553. Westlake Chemical Corporation has a twelve month low of $52.57 and a twelve month high of $96.14. The company has a quick ratio of 1.59, a current ratio of 2.31 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $11,690.00, a P/E ratio of 18.59, a price-to-earnings-growth ratio of 2.28 and a beta of 1.67.

WARNING: “Lawrence E. Teel Sells 12,712 Shares of Westlake Chemical Corporation (WLK) Stock” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.dailypolitical.com/2017/11/17/lawrence-e-teel-sells-12712-shares-of-westlake-chemical-corporation-wlk-stock.html.

A number of research firms have recently commented on WLK. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $102.00 price target (up from $93.00) on shares of Westlake Chemical Corporation in a report on Friday. Johnson Rice began coverage on Westlake Chemical Corporation in a research note on Monday, November 6th. They set an “accumulate” rating and a $100.00 price objective for the company. Cowen and Company lifted their price objective on Westlake Chemical Corporation from $78.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday, October 10th. Nomura lifted their price objective on Westlake Chemical Corporation from $98.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Bank of America Corporation lifted their price objective on Westlake Chemical Corporation from $88.00 to $94.00 and gave the company a “neutral” rating in a research note on Wednesday, November 8th. One 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 given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.55.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Westlake Chemical Corporation by 1.8% in the second quarter. Vanguard Group Inc. now owns 4,277,676 shares of the specialty chemicals company’s stock worth $283,225,000 after buying an additional 75,728 shares during the period. FMR LLC increased its holdings in shares of Westlake Chemical Corporation by 15.0% in the second quarter. FMR LLC now owns 2,808,967 shares of the specialty chemicals company’s stock worth $185,981,000 after buying an additional 366,537 shares during the period. BlackRock Inc. increased its holdings 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 buying an additional 1,687,768 shares during the period. TIAA CREF Investment Management LLC increased its holdings in shares of Westlake Chemical Corporation by 14.8% in the second quarter. TIAA CREF Investment Management LLC now owns 1,570,608 shares of the specialty chemicals company’s stock worth $103,990,000 after buying an additional 202,453 shares during the period. Finally, Janus Henderson Group PLC purchased a new position in shares of Westlake Chemical Corporation in the second quarter worth about $90,442,000. Hedge funds and other institutional investors own 32.01% of the company’s stock.

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)

Receive News & Ratings for Westlake Chemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake Chemical Corporation and related companies with MarketBeat.com's FREE daily email newsletter.