Westlake Chemical Corporation (WLK) CFO Mark Steven Bender Sells 20,382 Shares
Westlake Chemical Corporation (NYSE:WLK) CFO Mark Steven Bender sold 20,382 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $94.27, for a total value of $1,921,411.14. Following the completion of the sale, the chief financial officer now owns 24,067 shares in the company, valued at $2,268,796.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Mark Steven Bender also recently made the following trade(s):
- On Monday, November 13th, Mark Steven Bender sold 29,804 shares of Westlake Chemical Corporation stock. The shares were sold at an average price of $94.02, for a total value of $2,802,172.08.
Westlake Chemical Corporation (NYSE WLK) traded up $0.11 during trading hours on Wednesday, hitting $94.41. The stock had a trading volume of 734,700 shares, compared to its average volume of 857,051. Westlake Chemical Corporation has a 52-week low of $54.11 and a 52-week 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. The firm has a market cap of $12,180.00, a PE ratio of 18.90, a PEG ratio of 1.78 and a beta of 1.67.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, November 27th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, November 24th. Westlake Chemical Corporation’s dividend payout ratio (DPR) is presently 18.22%.
A number of research analysts have recently commented on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $86.00 target price on shares of Westlake Chemical Corporation in a research note on Wednesday, September 6th. Johnson Rice assumed coverage on Westlake Chemical Corporation in a research note on Monday, November 6th. They set an “accumulate” rating and a $100.00 target price on the stock. ValuEngine cut Westlake Chemical Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday. Cowen and Company upped their target price 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. Finally, Nomura increased their price objective on Westlake Chemical Corporation from $98.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $93.55.
Hedge funds have recently bought and sold shares of the stock. Tortoise Capital Advisors L.L.C. boosted its holdings in Westlake Chemical Corporation by 6,376.2% in the 3rd quarter. Tortoise Capital Advisors L.L.C. now owns 1,360 shares of the specialty chemicals company’s stock worth $113,000 after buying an additional 1,339 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Westlake Chemical Corporation during the 3rd quarter valued at approximately $137,000. Advisors Asset Management Inc. raised its position in shares of Westlake Chemical Corporation by 162.8% during the 2nd quarter. Advisors Asset Management Inc. now owns 2,276 shares of the specialty chemicals company’s stock valued at $151,000 after buying an additional 1,410 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Westlake Chemical Corporation during the 3rd quarter valued at approximately $204,000. Finally, HL Financial Services LLC purchased a new stake in shares of Westlake Chemical Corporation during the 3rd quarter valued at approximately $210,000. Institutional investors own 29.45% 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.
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