Westlake Chemical Corporation (WLK) EPS Estimated At $2.27

October 13, 2018 - By Ruchi Gupta

Westlake Chemical Corporation (NYSE:WLK) LogoInvestors sentiment increased to 1.28 in Q2 2018. Its up 0.26, from 1.02 in 2018Q1. It increased, as 43 investors sold Westlake Chemical Corporation shares while 77 reduced holdings. 64 funds opened positions while 89 raised stakes. 38.29 million shares or 5.72% more from 36.22 million shares in 2018Q1 were reported.
Piedmont Investment Advisors Ltd Liability has invested 0.11% of its portfolio in Westlake Chemical Corporation (NYSE:WLK). Comml Bank Of Hawaii has invested 0.05% in Westlake Chemical Corporation (NYSE:WLK). Livforsakringsbolaget Skandia Omsesidigt holds 0.01% or 700 shares. Sei Invests accumulated 37,346 shares. Bank & Trust Of New York Mellon owns 1.20M shares or 0.04% of their US portfolio. Avalon Advsr Ltd Liability Corp, a Texas-based fund reported 103,520 shares. Chicago Equity Prtnrs Limited Liability invested in 0.28% or 84,295 shares. Albion Financial Grp Ut has 5,038 shares. Ny State Teachers Retirement Sys, a New York-based fund reported 3,200 shares. Robeco Institutional Asset Mngmt Bv has invested 0.07% in Westlake Chemical Corporation (NYSE:WLK). State Street Corp holds 0.01% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 754,615 shares. Zacks Management reported 19,082 shares. Citadel Advsrs Ltd Liability Corporation stated it has 69,418 shares or 0% of all its holdings. Price Michael F, New York-based fund reported 91,800 shares. Fil Limited accumulated 2,634 shares.

Since May 10, 2018, it had 0 insider purchases, and 5 sales for $8.44 million activity. 12,066 shares were sold by Bender Mark Steven, worth $1.48M on Monday, May 21. Shares for $4.02 million were sold by Chao James. On Thursday, May 10 the insider Jenkins Dorothy C sold $6,085.

Analysts expect Westlake Chemical Corporation (NYSE:WLK) to report $2.27 EPS on November, 6.They anticipate $0.62 EPS change or 37.58 % from last quarter’s $1.65 EPS. WLK’s profit would be $294.32 million giving it 8.90 P/E if the $2.27 EPS is correct. After having $2.45 EPS previously, Westlake Chemical Corporation’s analysts see -7.35 % EPS growth. The stock increased 1.62% or $1.29 during the last trading session, reaching $80.83. About 957,633 shares traded or 10.47% up from the average. Westlake Chemical Corporation (NYSE:WLK) has risen 8.23% since October 14, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Westlake Chemical Corporation (NYSE:WLK) Ratings Coverage

Among 11 analysts covering Westlake Chemical Corp (NYSE:WLK), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Westlake Chemical Corp had 15 analyst reports since April 17, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, September 19 by Tudor Pickering. Citigroup maintained Westlake Chemical Corporation (NYSE:WLK) rating on Wednesday, July 11. Citigroup has “Buy” rating and $131 target. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Buy” rating by Alembic on Monday, June 4. The firm has “Buy” rating given on Friday, May 11 by Cowen & Co. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, September 26. The firm earned “Buy” rating on Monday, May 14 by Alembic. The rating was maintained by Deutsche Bank with “Buy” on Wednesday, September 26. The company was maintained on Friday, June 1 by JP Morgan. As per Monday, June 11, the company rating was downgraded by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Tuesday, April 17.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $10.48 billion. It operates through two divisions, Olefins and Vinyls. It has a 6.69 P/E ratio. The Olefins segment offers ethylene, polyethylene, styrene monomer, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen.

More news for Westlake Chemical Corporation (NYSE:WLK) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For October 8, 2018” on October 08, 2018. Bizjournals.com‘s article titled: “Houston Exponential raises $25M fund of funds to bolster city’s tech scene” and published on October 11, 2018 is yet another important article.

Westlake Chemical Corporation (NYSE:WLK) Institutional Positions Chart

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