Paragon Capital Management Ltd lessened its position in Westlake Chemical Co. (NYSE:WLK) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,503 shares of the specialty chemicals company’s stock after selling 505 shares during the quarter. Paragon Capital Management Ltd’s holdings in Westlake Chemical were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in WLK. Macquarie Group Ltd. lifted its holdings in shares of Westlake Chemical by 219.3% in the 2nd quarter. Macquarie Group Ltd. now owns 1,916 shares of the specialty chemicals company’s stock worth $133,000 after acquiring an additional 1,316 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Westlake Chemical by 379.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,625 shares of the specialty chemicals company’s stock worth $172,000 after acquiring an additional 2,078 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in shares of Westlake Chemical by 31.8% in the 3rd quarter. First Mercantile Trust Co. now owns 2,849 shares of the specialty chemicals company’s stock worth $186,000 after acquiring an additional 687 shares during the last quarter. Yorktown Management & Research Co Inc bought a new stake in shares of Westlake Chemical in the 3rd quarter worth about $262,000. Finally, New England Research & Management Inc. bought a new stake in shares of Westlake Chemical in the 4th quarter worth about $379,000. Hedge funds and other institutional investors own 30.39% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Bank of America raised their target price on shares of Westlake Chemical from $65.00 to $66.00 and gave the stock an “underperform” rating in a report on Friday, December 20th. Wells Fargo & Co lowered their target price on shares of Westlake Chemical from $80.00 to $75.00 and set an “equal weight” rating for the company in a report on Wednesday, January 15th. SunTrust Banks lowered shares of Westlake Chemical from a “buy” rating to a “hold” rating and set a $75.00 target price for the company. in a report on Thursday, November 7th. Tudor Pickering lowered shares of Westlake Chemical from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, ValuEngine lowered shares of Westlake Chemical from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. Westlake Chemical has an average rating of “Hold” and an average price target of $71.24.

WLK traded down $1.98 on Friday, reaching $64.84. 973,390 shares of the company traded hands, compared to its average volume of 515,867. Westlake Chemical Co. has a one year low of $55.82 and a one year high of $81.04. The firm has a fifty day simple moving average of $67.03 and a two-hundred day simple moving average of $65.59. The company has a market cap of $8.62 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 2.44 and a beta of 1.70. The company has a quick ratio of 2.08, a current ratio of 2.81 and a debt-to-equity ratio of 0.59.

Westlake Chemical Company Profile

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

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Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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