Westlake Chemical Corporation (WLK) SVP George J. Mangieri Sells 13,381 Shares of Stock

Westlake Chemical Corporation (NYSE:WLK) SVP George J. Mangieri sold 13,381 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $94.44, for a total value of $1,263,701.64. Following the completion of the sale, the senior vice president now owns 10,195 shares of the company’s stock, valued at approximately $962,815.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Westlake Chemical Corporation (NYSE:WLK) traded up $2.10 during mid-day trading on Friday, reaching $92.69. The company had a trading volume of 996,900 shares, compared to its average volume of 856,414. Westlake Chemical Corporation has a one year low of $52.57 and a one year high of $96.14. The company has a current ratio of 2.31, a quick ratio of 1.59 and a debt-to-equity ratio of 0.74. The company has a market cap of $12,070.00, a price-to-earnings ratio of 18.15, a PEG ratio of 1.80 and a beta of 1.67.

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A number of hedge funds have recently bought and sold shares of WLK. OppenheimerFunds Inc. bought a new position in Westlake Chemical Corporation during the 1st quarter valued at approximately $205,000. Morgan Stanley increased its position in Westlake Chemical Corporation by 15.1% during the 1st quarter. Morgan Stanley now owns 26,028 shares of the specialty chemicals company’s stock valued at $1,718,000 after buying an additional 3,413 shares in the last quarter. BlackRock Inc. increased its position in Westlake Chemical Corporation by 14,246.4% during the 1st quarter. BlackRock Inc. now owns 1,699,615 shares of the specialty chemicals company’s stock valued at $112,260,000 after buying an additional 1,687,768 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Westlake Chemical Corporation by 8.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 181,558 shares of the specialty chemicals company’s stock valued at $11,992,000 after buying an additional 14,887 shares in the last quarter. Finally, Credit Suisse AG increased its position in Westlake Chemical Corporation by 346.4% during the 1st quarter. Credit Suisse AG now owns 112,691 shares of the specialty chemicals company’s stock valued at $7,443,000 after buying an additional 87,447 shares in the last quarter. 32.01% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on WLK shares. Royal Bank Of Canada reissued a “buy” rating on shares of Westlake Chemical Corporation in a research report on Friday, August 4th. Zacks Investment Research lowered Westlake Chemical Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Cowen and Company increased their target price on Westlake Chemical Corporation from $70.00 to $78.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 22nd. SunTrust Banks, Inc. reissued a “buy” rating and issued a $86.00 target price on shares of Westlake Chemical Corporation in a research report on Wednesday, September 6th. Finally, Instinet raised Westlake Chemical Corporation from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Westlake Chemical Corporation presently has a consensus rating of “Buy” and a consensus price target of $93.55.

About Westlake Chemical Corporation

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)

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