Westlake Chemical (NYSE: WLK) recently received a number of ratings updates from brokerages and research firms:

  • 12/13/2017 – Westlake Chemical had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $115.00 price target on the stock.
  • 12/7/2017 – Westlake Chemical had its “buy” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $112.00 price target on the stock, up previously from $105.00.
  • 11/24/2017 – Westlake Chemical had its “buy” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $104.00 price target on the stock.
  • 11/24/2017 – Westlake Chemical had its “buy” rating reaffirmed by analysts at Alembic Global Advisors.
  • 11/21/2017 – Westlake Chemical was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 11/17/2017 – Westlake Chemical had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $102.00 price target on the stock, up previously from $93.00.
  • 11/9/2017 – Westlake Chemical had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $114.00 price target on the stock, up previously from $103.00.
  • 11/8/2017 – Westlake Chemical had its “sell” rating reaffirmed by analysts at UBS AG. They now have a $61.00 price target on the stock.
  • 11/8/2017 – Westlake Chemical had its price target raised by analysts at Bank of America Corp from $88.00 to $94.00. They now have a “neutral” rating on the stock.
  • 11/8/2017 – Westlake Chemical had its price target raised by analysts at Nomura from $98.00 to $108.00. They now have a “buy” rating on the stock.
  • 11/7/2017 – Westlake Chemical was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 11/6/2017 – Westlake Chemical is now covered by analysts at Johnson Rice. They set an “accumulate” rating and a $100.00 price target on the stock.
  • 11/3/2017 – Westlake Chemical had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $93.00 price target on the stock.
  • 10/24/2017 – Westlake Chemical is now covered by analysts at Citigroup Inc.. They set a “buy” rating and a $97.00 price target on the stock.

Shares of Westlake Chemical Co. (WLK) opened at $100.96 on Friday. Westlake Chemical Co. has a 52-week low of $55.83 and a 52-week high of $102.58. The company has a market cap of $13,105.69, a PE ratio of 20.34, a PEG ratio of 1.84 and a beta of 1.71. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.59 and a current ratio of 2.31.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 11th. Investors of record on Monday, November 27th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, November 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.83%. Westlake Chemical’s dividend payout ratio (DPR) is presently 18.26%.

In other Westlake Chemical news, Director Robert T. Blakely sold 4,367 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $92.33, for a total value of $403,205.11. Following the completion of the transaction, the director now directly owns 11,700 shares in the company, valued at approximately $1,080,261. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Albert Chao sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $94.34, for a total value of $2,358,500.00. Following the completion of the transaction, the chief executive officer now owns 299,018 shares of the company’s stock, valued at $28,209,358.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 293,122 shares of company stock valued at $27,721,443. 71.70% of the stock is currently owned by corporate insiders.

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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