Economy

Westlake Chemical Partners LP's (NYSE:WLKP) Sentiment is 1.16

Westlake Chemical Partners LP's (NYSE:WLKP) Sentiment is 1.16”

Vanguard Group Inc. now owns 4,277,676 shares of the specialty chemicals company's stock worth $283,225,000 after buying an additional 75,728 shares during the period. The business had revenue of $296.78 million for the quarter. equities analysts forecast that Westlake Chemical Partners will post 1.46 earnings per share for the current fiscal year. Citigroup now has $201.72 billion valuation. (NYSE:GRA) has declined 6.22% since December 7, 2016 and is downtrending. It has outperformed by 18.90% the S&P500. This is a boost from Westlake Chemical Partners's previous quarterly dividend of $0.37.

Robotti Robert holds 5.37% of its portfolio in Westlake Chemical Partners LP for 271,165 shares. Raymond James Financial Inc holds 0% or 10,647 shares.

Meanwhile, Westlake Chemical's current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. (WLK) traded down $0.72 during mid-day trading on Thursday, hitting $97.69. About 1.00 million shares traded or 20.70% up from the average. Westlake Chemical Partners LP (NYSE:WLKP) has risen 21.83% since December 6, 2016 and is uptrending. It has outperformed by 5.13% the S&P500. Its the same as in 2017Q1. 36 funds opened positions while 67 raised stakes. Bank of New York Mellon Corp raised its position in shares of Westlake Chemical Partners by 1.1% during the second quarter. Investors of record on Monday, November 27th will be paid a $0.21 dividend. FMR LLC grew its stake in shares of Westlake Chemical by 15.0% in the 2nd quarter. 64,485 were reported by California State Teachers Retirement Systems. Over the last ninety days, insiders have sold 293,122 shares of company stock valued at $27,721,443. (NYSE:CBA) for 12,198 shares. The Connecticut-based Tide Point Capital Management Lp has invested 2.25% in the stock. Bokf Na reported 33,420 shares. (NYSE:C) for 199,595 shares. It also reduced International Seaways stake by 23,503 shares and now owns 555,359 shares. Eversource Energy was reduced too. As per Wednesday, June 15, the company rating was upgraded by Suntrust Robinson. WLKP was included in 5 notes of analysts from August 5, 2015. (NASDAQ:DLTR) has "Hold" rating given on Friday, August 25 by Jefferies. Virginia Retirement Et Al reported 108,600 shares. RBC Capital Markets maintained Westlake Chemical Corporation (NYSE:WLK) rating on Friday, August 4. They issued a "buy" rating and a $97.00 price target for the company. JP Morgan maintained it with "Overweight" rating and $55 target in Monday, May 16 report. RBC Capital Markets maintained the stock with "Buy" rating in Thursday, November 9 report. The stock has a market cap of $12,705.46, a PE ratio of 19.72, a PEG ratio of 1.78 and a beta of 1.71. The company was initiated on Wednesday, July 13 by Berenberg. It also upped Lyondellbasell Industries Nv stake by 4,221 shares and now owns 9,282 shares.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.28, from 0.88 in 2017Q1. (NYSE:WLK) by 45.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). Finally, Highbridge Capital Management LLC grew its position in Westlake Chemical by 60.7% during the third quarter. Credit Suisse Ag holds 98,075 shares. Sei Invs Company, a Pennsylvania-based fund reported 57,617 shares. The stock of Westlake Chemical Corporation (NYSE:WLK) earned "Buy" rating by RBC Capital Markets on Tuesday, October 17. Guggenheim Lc accumulated 102,363 shares. Tortoise Capital Advisors L.L.C. now owns 1,360 shares of the specialty chemicals company's stock valued at $113,000 after purchasing an additional 1,339 shares during the last quarter. Moreover, Pnc Fin Grp Inc Inc has 0% invested in Westlake Chemical Corporation (NYSE:WLK). First Personal Fin Service holds 0.01% or 468 shares in its portfolio. Shapiro Capital Mngmt Limited Liability holds 962,445 shares or 0% of its portfolio. 5,495 were reported by Paloma Com. Johnson Investment Counsel invested in 8,500 shares. X Mngmt Ltd reported 0.02% of its portfolio in Westlake Chemical Corporation (NYSE:WLK).

Among 3 analysts covering Westlake Chemical Partners (NYSE:WLKP), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 63% are positive. The correct version of this piece of content can be viewed at https://weekherald.com/2017/12/07/westlake-chemical-partners-wlkp-downgraded-to-hold-at-tudor-pickering.html. The ex-dividend date of this dividend is Friday, November 24th. The firm has "Neutral" rating given on Monday, August 10 by Goldman Sachs. Finally, Cowen lifted their price objective on shares of Westlake Chemical from $78.00 to $92.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 10th. Cowen & Co has "Outperform" rating and $57.0 target. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Westlake Chemical in a research note on Wednesday, September 6th.

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