Westlake Chemical (WLK) Reaches $100.11 52-Week High; Donald Smith & Company Has Upped American National (ANAT) Position By $3.52 Million

December 8, 2017 - By Linda Rogers

The stock of Westlake Chemical Corporation (NYSE:WLK) hit a new 52-week high and has $106.12 target or 6.00% above today’s $100.11 share price. The 6 months bullish chart indicates low risk for the $12.93B company. The 1-year high was reported on Dec, 8 by Barchart.com. If the $106.12 price target is reached, the company will be worth $775.50 million more. The stock increased 0.74% or $0.74 during the last trading session, reaching $100.11. About 60,077 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 45.05% since December 8, 2016 and is uptrending. It has outperformed by 28.35% the S&P500.

Donald Smith & Company Inc increased American National (ANAT) stake by 3.07% reported in 2017Q2 SEC filing. Donald Smith & Company Inc acquired 30,335 shares as American National (ANAT)’s stock declined 6.45%. The Donald Smith & Company Inc holds 1.02 million shares with $118.52 million value, up from 987,061 last quarter. American National now has $3.37B valuation. The stock increased 0.63% or $0.79 during the last trading session, reaching $125.21. About 101 shares traded. American National Insurance Company (NASDAQ:ANAT) has declined 4.05% since December 8, 2016 and is downtrending. It has underperformed by 20.75% the S&P500.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $12.93 billion. It operates through two divisions, Olefins and Vinyls. It has a 21.66 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.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on February, 20. They expect $1.51 EPS, up 73.56% or $0.64 from last year’s $0.87 per share. WLK’s profit will be $194.95 million for 16.57 P/E if the $1.51 EPS becomes a reality. After $1.65 actual EPS reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts -8.48% negative EPS growth.

Among 16 analysts covering Westlake Chemical (NYSE:WLK), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. Westlake Chemical has $114.0 highest and $52 lowest target. $83.93’s average target is -16.16% below currents $100.11 stock price. Westlake Chemical had 44 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets upgraded Westlake Chemical Corporation (NYSE:WLK) rating on Tuesday, August 23. RBC Capital Markets has “Outperform” rating and $59 target. The rating was maintained by JP Morgan with “Overweight” on Monday, May 16. The firm has “Buy” rating given on Tuesday, September 5 by RBC Capital Markets. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Buy” rating by Citigroup on Thursday, February 9. As per Friday, January 8, the company rating was maintained by Cowen & Co. Cowen & Co maintained Westlake Chemical Corporation (NYSE:WLK) on Thursday, September 1 with “Outperform” rating. The stock of Westlake Chemical Corporation (NYSE:WLK) earned “Hold” rating by Tudor Pickering on Friday, October 14. The rating was maintained by Cowen & Co on Tuesday, October 3 with “Buy”. The rating was maintained by RBC Capital Markets with “Buy” on Friday, August 4. On Tuesday, August 16 the stock rating was maintained by JP Morgan with “Overweight”.

Investors sentiment increased to 1.15 in 2017 Q2. Its up 0.30, from 0.85 in 2017Q1. It is positive, as 25 investors sold Westlake Chemical Corporation shares while 57 reduced holdings. 34 funds opened positions while 60 raised stakes. 39.33 million shares or 8.41% more from 36.27 million shares in 2017Q1 were reported. Bnp Paribas Arbitrage Sa has 190,581 shares for 0.04% of their portfolio. First Quadrant Ltd Partnership Ca holds 0.02% or 18,100 shares in its portfolio. Horizon Kinetics Limited Liability has 6,386 shares. Guggenheim Cap Limited Company holds 0.02% or 102,363 shares in its portfolio. Lsv Asset Mngmt, Illinois-based fund reported 165,245 shares. Sterling Capital holds 20,400 shares or 0.01% of its portfolio. Robotti Robert owns 271,165 shares. Tci Wealth holds 12 shares. California Pub Employees Retirement Systems stated it has 0.01% in Westlake Chemical Corporation (NYSE:WLK). Cushing Asset Mngmt Lp holds 0.12% or 55,827 shares in its portfolio. Ruggie Gru holds 1,764 shares. Kennedy Capital holds 0.14% or 114,529 shares. Ubs Asset Mngmt Americas holds 0% of its portfolio in Westlake Chemical Corporation (NYSE:WLK) for 18,277 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 0% in Westlake Chemical Corporation (NYSE:WLK). Grp Incorporated One Trading L P has invested 0% in Westlake Chemical Corporation (NYSE:WLK).

Donald Smith & Company Inc decreased International Seaways stake by 23,503 shares to 555,359 valued at $12.04 million in 2017Q2. It also reduced Aercap Holdings (NYSE:AER) stake by 113,818 shares and now owns 8.82 million shares. Granite Real Estate Investment Trust was reduced too.

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