Westlake Chemical (WLK) Touches $121.17 High on May, 18; Capital International Sarl Decreased Eog Resources (EOG) Stake By $620,600

May 18, 2018 - By Cheryll Laflamme

Westlake Chemical Corporation (NYSE:WLK) Logo

The stock of Westlake Chemical Corporation (NYSE:WLK) reached all time high today, May, 18 and still has $130.86 target or 8.00% above today’s $121.17 share price. This indicates more upside for the $15.70B company. This technical setup was reported by Barchart.com. If the $130.86 PT is reached, the company will be worth $1.26 billion more. The stock increased 0.28% or $0.34 during the last trading session, reaching $121.17. About 155,083 shares traded. Westlake Chemical Corporation (NYSE:WLK) has risen 76.43% since May 18, 2017 and is uptrending. It has outperformed by 64.88% the S&P500.

Capital International Sarl decreased Eog Resources Inc (EOG) stake by 21.36% reported in 2017Q4 SEC filing. Capital International Sarl sold 5,800 shares as Eog Resources Inc (EOG)’s stock declined 0.73%. The Capital International Sarl holds 21,350 shares with $2.30M value, down from 27,150 last quarter. Eog Resources Inc now has $72.20 billion valuation. The stock decreased 1.13% or $1.42 during the last trading session, reaching $124.73. About 973,989 shares traded. EOG Resources, Inc. (NYSE:EOG) has risen 13.87% since May 18, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Since January 10, 2018, it had 0 insider buys, and 5 insider sales for $7.59 million activity. $103,071 worth of EOG Resources, Inc. (NYSE:EOG) shares were sold by WISNER FRANK G. Trice David W sold $646,120 worth of EOG Resources, Inc. (NYSE:EOG) on Friday, January 12. On Thursday, January 11 the insider Donaldson Michael P sold $1.75 million. On Wednesday, May 9 Janssen Ann D. sold $568,150 worth of EOG Resources, Inc. (NYSE:EOG) or 4,816 shares. 40,000 shares valued at $4.52M were sold by THOMAS GARY L on Wednesday, January 10.

Investors sentiment increased to 0.97 in Q4 2017. Its up 0.15, from 0.82 in 2017Q3. It increased, as 48 investors sold EOG shares while 332 reduced holdings. 112 funds opened positions while 257 raised stakes. 477.30 million shares or 0.36% less from 479.04 million shares in 2017Q3 were reported. The California-based Everett Harris & Company Ca has invested 0.01% in EOG Resources, Inc. (NYSE:EOG). Bluemountain Cap Mngmt Ltd Liability Company holds 38,933 shares or 0.08% of its portfolio. Corbyn Invest Mngmt Md has 78,413 shares for 2.84% of their portfolio. Grandfield & Dodd Limited Liability has 3,555 shares for 0.04% of their portfolio. 6,687 were reported by Sandy Spring Natl Bank. Moneta Gru Invest Advisors Lc owns 5,269 shares. The Massachusetts-based Baldwin Brothers Ma has invested 1.21% in EOG Resources, Inc. (NYSE:EOG). Advisory Svcs Ntwk Lc holds 0.16% or 16,999 shares. Braun Stacey Assoc Inc holds 1.29% or 178,190 shares in its portfolio. Raymond James And Associate invested in 0.04% or 192,732 shares. Louisiana State Employees Retirement stated it has 0.17% in EOG Resources, Inc. (NYSE:EOG). Boston Private Wealth Limited Co holds 0.4% of its portfolio in EOG Resources, Inc. (NYSE:EOG) for 97,627 shares. Ci Incorporated has 2.36M shares. Kentucky Retirement Sys Ins Tru Fund holds 15,356 shares or 0.28% of its portfolio. Dnb Asset Mngmt As holds 0.09% of its portfolio in EOG Resources, Inc. (NYSE:EOG) for 71,848 shares.

More notable recent EOG Resources, Inc. (NYSE:EOG) news were published by: Benzinga.com which released: “AMD, Alibaba, EOG, Golar: ‘Fast Money’ Picks For May 18” on May 18, 2018, also Investorplace.com with their article: “10 Small-Cap Oil & Gas Stocks to Watch” published on May 17, 2018, Seekingalpha.com published: “EOG Resources: A Journey Through Success” on May 09, 2018. More interesting news about EOG Resources, Inc. (NYSE:EOG) were released by: Fool.com and their article: “5 Reasons EOG Resources Inc’s CEO Believes His Company Is the Best in the Business” published on May 16, 2018 as well as 247Wallst.com‘s news article titled: “Natural Gas Price Steady Following Addition to US Supply” with publication date: May 17, 2018.

Analysts await EOG Resources, Inc. (NYSE:EOG) to report earnings on August, 7. They expect $1.13 EPS, up 1,312.50% or $1.05 from last year’s $0.08 per share. EOG’s profit will be $654.11 million for 27.60 P/E if the $1.13 EPS becomes a reality. After $1.19 actual EPS reported by EOG Resources, Inc. for the previous quarter, Wall Street now forecasts -5.04% negative EPS growth.

Capital International Sarl increased Mercadolibre Inc (NASDAQ:MELI) stake by 13,300 shares to 139,950 valued at $44.04M in 2017Q4. It also upped Texas Instruments Inc (NASDAQ:TXN) stake by 2,900 shares and now owns 40,610 shares. Crown Castle Intl Corp (Reit) (NYSE:CCI) was raised too.

Among 39 analysts covering EOG Resources (NYSE:EOG), 29 have Buy rating, 0 Sell and 10 Hold. Therefore 74% are positive. EOG Resources had 135 analyst reports since July 22, 2015 according to SRatingsIntel. Societe Generale downgraded the stock to “Hold” rating in Monday, October 3 report. The stock of EOG Resources, Inc. (NYSE:EOG) has “Buy” rating given on Wednesday, June 21 by BMO Capital Markets. The stock of EOG Resources, Inc. (NYSE:EOG) has “Overweight” rating given on Monday, November 20 by Barclays Capital. As per Wednesday, April 6, the company rating was downgraded by Stifel Nicolaus. The firm earned “Neutral” rating on Thursday, October 12 by JP Morgan. The rating was downgraded by Tudor Pickering to “Hold” on Thursday, May 10. The rating was maintained by Jefferies with “Hold” on Monday, August 14. As per Thursday, March 8, the company rating was maintained by Jefferies. On Wednesday, August 30 the stock rating was maintained by Robert W. Baird with “Buy”. The firm earned “Buy” rating on Wednesday, February 3 by GMP Securities.

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products. The company has market cap of $15.70 billion. It operates through two divisions, Olefins and Vinyls. It has a 12.12 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.

Another recent and important Westlake Chemical Corporation (NYSE:WLK) news was published by Seekingalpha.com which published an article titled: “Westlake Chemical (WLK) Q1 2018 Results – Earnings Call Transcript” on May 03, 2018.

Among 19 analysts covering Westlake Chemical (NYSE:WLK), 9 have Buy rating, 2 Sell and 8 Hold. Therefore 47% are positive. Westlake Chemical had 64 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, June 13. The stock has “Buy” rating by Cowen & Co on Friday, November 17. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, August 5 report. Tudor Pickering initiated the stock with “Hold” rating in Friday, October 14 report. Susquehanna maintained the stock with “Buy” rating in Sunday, February 25 report. On Wednesday, June 15 the stock rating was upgraded by SunTrust to “Buy”. The firm earned “Outperform” rating on Friday, January 8 by Cowen & Co. Susquehanna maintained it with “Buy” rating and $13300 target in Wednesday, April 4 report. The rating was maintained by Nomura with “Buy” on Wednesday, November 8. The company was maintained on Monday, May 16 by JP Morgan.

Since February 22, 2018, it had 0 insider purchases, and 15 selling transactions for $14.70 million activity. $1.95 million worth of Westlake Chemical Corporation (NYSE:WLK) shares were sold by LUKENS MAX L. $2.69M worth of Westlake Chemical Corporation (NYSE:WLK) was sold by Kenner Andrew. Buesinger Robert F. also sold $2.19 million worth of Westlake Chemical Corporation (NYSE:WLK) shares. $482,139 worth of stock was sold by Mangieri George J on Wednesday, February 28. Shares for $2.76M were sold by Bender Mark Steven. $1.05 million worth of Westlake Chemical Corporation (NYSE:WLK) was sold by Teel Lawrence E.. BLAKELY ROBERT T had sold 4,038 shares worth $448,218 on Tuesday, February 27.

Analysts await Westlake Chemical Corporation (NYSE:WLK) to report earnings on August, 2. They expect $2.43 EPS, up 100.83% or $1.22 from last year’s $1.21 per share. WLK’s profit will be $314.92 million for 12.47 P/E if the $2.43 EPS becomes a reality. After $2.24 actual EPS reported by Westlake Chemical Corporation for the previous quarter, Wall Street now forecasts 8.48% EPS growth.

Investors sentiment decreased to 1.33 in Q4 2017. Its down 0.05, from 1.38 in 2017Q3. It worsened, as 37 investors sold Westlake Chemical Corporation shares while 66 reduced holdings. 69 funds opened positions while 68 raised stakes. 36.26 million shares or 2.33% less from 37.12 million shares in 2017Q3 were reported. Canada Pension Plan Investment Board holds 331,603 shares or 0.07% of its portfolio. 544,552 are held by Citigroup. 855 are held by Pnc Services. 12,900 are held by Pub Sector Pension Investment Board. Prudential Finance reported 0.06% stake. Vanguard Group Inc reported 4.78M shares. Citadel Advisors Limited Liability Co owns 0% invested in Westlake Chemical Corporation (NYSE:WLK) for 59,734 shares. 284 were accumulated by Loomis Sayles And Ltd Partnership. Moreover, Private Advisor Grp Limited Liability Company has 0.01% invested in Westlake Chemical Corporation (NYSE:WLK) for 2,027 shares. Wells Fargo Mn has invested 0.01% in Westlake Chemical Corporation (NYSE:WLK). Ifc Holding Fl has invested 0.07% in Westlake Chemical Corporation (NYSE:WLK). Price T Rowe Assocs Md invested in 0% or 67,764 shares. Lazard Asset Mngmt Limited Liability Company owns 0% invested in Westlake Chemical Corporation (NYSE:WLK) for 7,047 shares. Walthausen And Lc reported 72,280 shares stake. Stratos Wealth Limited has 607 shares for 0% of their portfolio.

EOG Resources, Inc. (NYSE:EOG) Institutional Positions Chart

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