In hot labor market, Dallas area companies dangle a new perk: Paying off employees’ student loans

Brace, 30, works for Fidelity Investments at its sprawling 5,000-person campus in the Fort Worth suburb of Westlake. The financial services company is …

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Millennium Management LLC Grows Stake in Westlake Chemical Co. (NYSE:WLK)

Millennium Management LLC boosted its position in shares of Westlake Chemical Co. (NYSE:WLK) by 102.6% during the 4th quarter, according to the …

Westlake Chemical logoMillennium Management LLC boosted its position in shares of Westlake Chemical Co. (NYSE:WLK) by 102.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 834,024 shares of the specialty chemicals company’s stock after buying an additional 422,380 shares during the period. Millennium Management LLC owned 0.65% of Westlake Chemical worth $55,187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WLK. State Board of Administration of Florida Retirement System increased its holdings in shares of Westlake Chemical by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 51,617 shares of the specialty chemicals company’s stock valued at $3,415,000 after purchasing an additional 140 shares during the period. Callahan Advisors LLC boosted its stake in shares of Westlake Chemical by 6.7% in the fourth quarter. Callahan Advisors LLC now owns 4,290 shares of the specialty chemicals company’s stock valued at $284,000 after buying an additional 270 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Westlake Chemical by 12.6% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 4,206 shares of the specialty chemicals company’s stock valued at $278,000 after buying an additional 472 shares in the last quarter. Penserra Capital Management LLC purchased a new stake in shares of Westlake Chemical in the fourth quarter valued at approximately $37,000. Finally, Standard Life Aberdeen plc boosted its stake in shares of Westlake Chemical by 37.5% in the third quarter. Standard Life Aberdeen plc now owns 2,891 shares of the specialty chemicals company’s stock valued at $240,000 after buying an additional 789 shares in the last quarter. 28.00% of the stock is currently owned by institutional investors.

In other Westlake Chemical news, Director H John Riley, Jr. sold 3,327 shares of the company’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $69.92, for a total transaction of $232,623.84. Following the completion of the sale, the director now directly owns 22,652 shares in the company, valued at $1,583,827.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 72.00% of the company’s stock.

Shares of NYSE:WLK traded up $1.92 on Thursday, hitting $73.46. The company had a trading volume of 19,492 shares, compared to its average volume of 772,283. The company has a market capitalization of $9.19 billion, a P/E ratio of 9.41, a P/E/G ratio of 0.83 and a beta of 1.44. Westlake Chemical Co. has a 52-week low of $59.78 and a 52-week high of $124.29. The company has a quick ratio of 1.55, a current ratio of 2.40 and a debt-to-equity ratio of 0.44.

Westlake Chemical (NYSE:WLK) last released its earnings results on Tuesday, February 19th. The specialty chemicals company reported $1.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($0.70). The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $2.10 billion. Westlake Chemical had a net margin of 11.53% and a return on equity of 17.83%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 earnings per share. On average, sell-side analysts anticipate that Westlake Chemical Co. will post 7.13 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Wednesday, February 27th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, February 26th. This represents a $1.00 annualized dividend and a yield of 1.36%. Westlake Chemical’s dividend payout ratio is presently 12.80%.

A number of research firms have commented on WLK. Barclays reiterated a “buy” rating on shares of Westlake Chemical in a research report on Wednesday, February 20th. Bank of America upgraded Westlake Chemical from an “underperform” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, January 8th. Zacks Investment Research upgraded Westlake Chemical from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Cowen reiterated a “market perform” rating and set a $75.00 target price (down from $100.00) on shares of Westlake Chemical in a research report on Tuesday, December 11th. Finally, Susquehanna Bancshares reiterated a “neutral” rating and set a $75.00 target price (down from $88.00) on shares of Westlake Chemical in a research report on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $102.13.

ILLEGAL ACTIVITY NOTICE: “Millennium Management LLC Grows Stake in Westlake Chemical Co. (NYSE:WLK)” was originally published by Fairfield Current and is the sole property of of Fairfield Current. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.fairfieldcurrent.com/news/2019/04/04/westlake-chemical-co-wlk-position-lifted-by-millennium-management-llc.html.

About Westlake Chemical

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

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Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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Two Sigma Investments LP Acquires New Holdings in Westlake Chemical Co. (WLK)

Two Sigma Investments LP purchased a new stake in Westlake Chemical Co. (NYSE:WLK) in the fourth quarter, according to its most recent …

Westlake Chemical logoTwo Sigma Investments LP purchased a new stake in Westlake Chemical Co. (NYSE:WLK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 65,471 shares of the specialty chemicals company’s stock, valued at approximately $4,332,000. Two Sigma Investments LP owned approximately 0.05% of Westlake Chemical as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Stone Ridge Asset Management LLC grew its stake in Westlake Chemical by 100.3% in the fourth quarter. Stone Ridge Asset Management LLC now owns 12,062 shares of the specialty chemicals company’s stock valued at $798,000 after purchasing an additional 6,039 shares in the last quarter. QS Investors LLC purchased a new stake in shares of Westlake Chemical during the fourth quarter worth approximately $192,000. Achmea Investment Management B.V. purchased a new stake in shares of Westlake Chemical during the fourth quarter worth approximately $428,000. BOKF NA raised its stake in shares of Westlake Chemical by 11.6% during the fourth quarter. BOKF NA now owns 32,703 shares of the specialty chemicals company’s stock worth $2,163,000 after purchasing an additional 3,401 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of Westlake Chemical by 4.3% during the fourth quarter. California State Teachers Retirement System now owns 58,699 shares of the specialty chemicals company’s stock worth $3,884,000 after purchasing an additional 2,411 shares during the last quarter. 28.00% of the stock is owned by hedge funds and other institutional investors.

In other news, Director H John Riley, Jr. sold 3,327 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $69.92, for a total transaction of $232,623.84. Following the completion of the transaction, the director now directly owns 22,652 shares of the company’s stock, valued at $1,583,827.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 72.00% of the stock is owned by insiders.

WLK has been the subject of several analyst reports. Barclays restated a “buy” rating on shares of Westlake Chemical in a research note on Wednesday, February 20th. Bank of America raised Westlake Chemical from an “underperform” rating to a “buy” rating and set a $85.00 price target on the stock in a research note on Tuesday, January 8th. Zacks Investment Research raised Westlake Chemical from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Cowen reissued a “market perform” rating and issued a $75.00 price target (down previously from $100.00) on shares of Westlake Chemical in a research note on Tuesday, December 11th. Finally, Susquehanna Bancshares reissued a “neutral” rating and issued a $75.00 price target (down previously from $88.00) on shares of Westlake Chemical in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. Westlake Chemical has a consensus rating of “Hold” and an average price target of $102.13.

Shares of Westlake Chemical stock traded up $1.56 on Thursday, reaching $73.10. 8,399 shares of the company traded hands, compared to its average volume of 772,283. Westlake Chemical Co. has a 52 week low of $59.78 and a 52 week high of $124.29. The company has a market capitalization of $9.19 billion, a P/E ratio of 9.16, a P/E/G ratio of 0.83 and a beta of 1.44. The company has a quick ratio of 1.55, a current ratio of 2.40 and a debt-to-equity ratio of 0.44.

Westlake Chemical (NYSE:WLK) last released its earnings results on Tuesday, February 19th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.70). Westlake Chemical had a net margin of 11.53% and a return on equity of 17.83%. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the company earned $1.62 earnings per share. The firm’s revenue was down 2.7% on a year-over-year basis. Equities analysts expect that Westlake Chemical Co. will post 7.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 13th. Stockholders of record on Wednesday, February 27th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, February 26th. This represents a $1.00 annualized dividend and a dividend yield of 1.37%. Westlake Chemical’s payout ratio is 12.80%.

WARNING: This piece of content was reported by Fairfield Current and is owned by of Fairfield Current. If you are viewing this piece of content on another site, it was illegally copied and reposted in violation of US and international copyright & trademark law. The legal version of this piece of content can be read at https://www.fairfieldcurrent.com/news/2019/04/04/two-sigma-investments-lp-purchases-new-holdings-in-westlake-chemical-co-wlk.html.

Westlake Chemical Company Profile

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

See Also: Why do companies pay special dividends?

Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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Geode Capital Management LLC Trims Holdings in Westlake Chemical Co. (WLK)

AQR Capital Management LLC boosted its holdings in Westlake Chemical by 20.0% in the 3rd quarter. AQR Capital Management LLC now owns …

Westlake Chemical logoGeode Capital Management LLC cut its stake in Westlake Chemical Co. (NYSE:WLK) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 372,120 shares of the specialty chemicals company’s stock after selling 1,309 shares during the period. Geode Capital Management LLC owned approximately 0.29% of Westlake Chemical worth $24,607,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of WLK. Morgan Stanley boosted its holdings in Westlake Chemical by 223.3% in the 3rd quarter. Morgan Stanley now owns 544,346 shares of the specialty chemicals company’s stock valued at $45,240,000 after purchasing an additional 375,952 shares during the period. AQR Capital Management LLC boosted its holdings in Westlake Chemical by 20.0% in the 3rd quarter. AQR Capital Management LLC now owns 1,853,189 shares of the specialty chemicals company’s stock valued at $154,018,000 after purchasing an additional 308,887 shares during the period. Renaissance Technologies LLC boosted its holdings in Westlake Chemical by 42.2% in the 3rd quarter. Renaissance Technologies LLC now owns 576,300 shares of the specialty chemicals company’s stock valued at $47,896,000 after purchasing an additional 171,000 shares during the period. BlackRock Inc. boosted its holdings in Westlake Chemical by 7.6% in the 3rd quarter. BlackRock Inc. now owns 2,081,307 shares of the specialty chemicals company’s stock valued at $172,977,000 after purchasing an additional 147,877 shares during the period. Finally, Luminus Management LLC bought a new stake in Westlake Chemical in the 3rd quarter valued at $11,270,000. 28.00% of the stock is owned by hedge funds and other institutional investors.

WLK has been the subject of a number of recent research reports. Barclays restated a “buy” rating on shares of Westlake Chemical in a research note on Wednesday, February 20th. Bank of America upgraded shares of Westlake Chemical from an “underperform” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday, January 8th. Zacks Investment Research upgraded shares of Westlake Chemical from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Cowen restated a “market perform” rating and issued a $75.00 price objective (down previously from $100.00) on shares of Westlake Chemical in a research note on Tuesday, December 11th. Finally, Susquehanna Bancshares restated a “neutral” rating and issued a $75.00 price objective (down previously from $88.00) on shares of Westlake Chemical in a research note on Tuesday, February 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Westlake Chemical presently has an average rating of “Hold” and a consensus target price of $102.13.

Shares of WLK stock opened at $69.79 on Tuesday. Westlake Chemical Co. has a 52-week low of $59.78 and a 52-week high of $124.29. The firm has a market capitalization of $8.72 billion, a PE ratio of 8.94, a price-to-earnings-growth ratio of 0.79 and a beta of 1.45. The company has a quick ratio of 1.55, a current ratio of 2.40 and a debt-to-equity ratio of 0.44.

Westlake Chemical (NYSE:WLK) last announced its earnings results on Tuesday, February 19th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.70). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $2.10 billion. Westlake Chemical had a return on equity of 17.83% and a net margin of 11.53%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.62 EPS. As a group, equities research analysts forecast that Westlake Chemical Co. will post 7.13 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 26th. Westlake Chemical’s dividend payout ratio (DPR) is currently 12.80%.

In related news, Director H John Riley, Jr. sold 3,327 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $69.92, for a total transaction of $232,623.84. Following the completion of the sale, the director now owns 22,652 shares in the company, valued at approximately $1,583,827.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 72.00% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this news story on another website, it was stolen and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this news story can be read at https://www.baseballdailydigest.com/news/2019/04/02/geode-capital-management-llc-trims-holdings-in-westlake-chemical-co-wlk.html.

About Westlake Chemical

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

Further Reading: What is the yield curve?

Want to see what other hedge funds are holding WLK?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Westlake Chemical Co. (NYSE:WLK).

Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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Westlake Chemical Co. (WLK) Position Lifted by Millennium Management LLC

Millennium Management LLC boosted its position in Westlake Chemical Co. (NYSE:WLK) by 102.6% during the fourth quarter, according to its most …

Westlake Chemical logoMillennium Management LLC boosted its position in Westlake Chemical Co. (NYSE:WLK) by 102.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 834,024 shares of the specialty chemicals company’s stock after acquiring an additional 422,380 shares during the quarter. Millennium Management LLC owned 0.65% of Westlake Chemical worth $55,187,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Penserra Capital Management LLC bought a new stake in shares of Westlake Chemical during the fourth quarter worth $37,000. One Wealth Advisors LLC bought a new stake in shares of Westlake Chemical during the third quarter worth $160,000. Cerebellum GP LLC bought a new stake in shares of Westlake Chemical during the fourth quarter worth $163,000. QS Investors LLC bought a new stake in shares of Westlake Chemical during the fourth quarter worth $192,000. Finally, Advisor Group Inc. grew its stake in shares of Westlake Chemical by 227.0% during the fourth quarter. Advisor Group Inc. now owns 3,165 shares of the specialty chemicals company’s stock worth $210,000 after buying an additional 2,197 shares during the last quarter. 27.98% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have weighed in on WLK. Barclays reaffirmed a “buy” rating on shares of Westlake Chemical in a research note on Wednesday, February 20th. Cowen reaffirmed a “market perform” rating and set a $82.00 target price on shares of Westlake Chemical in a research note on Wednesday, February 6th. Zacks Investment Research raised shares of Westlake Chemical from a “sell” rating to a “hold” rating in a research note on Saturday, January 19th. Nomura cut shares of Westlake Chemical from a “neutral” rating to a “reduce” rating and set a $72.00 target price on the stock. in a research note on Wednesday, January 30th. Finally, ValuEngine cut shares of Westlake Chemical from a “sell” rating to a “strong sell” rating in a research note on Monday, February 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.13.

Shares of Westlake Chemical stock traded up $0.79 during trading on Thursday, hitting $67.61. The company’s stock had a trading volume of 1,872 shares, compared to its average volume of 848,439. The company has a quick ratio of 1.55, a current ratio of 2.40 and a debt-to-equity ratio of 0.44. Westlake Chemical Co. has a 52 week low of $59.78 and a 52 week high of $124.29. The stock has a market cap of $8.58 billion, a price-to-earnings ratio of 8.69, a P/E/G ratio of 0.78 and a beta of 1.45.

Westlake Chemical (NYSE:WLK) last issued its quarterly earnings data on Tuesday, February 19th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.72 by ($0.70). The business had revenue of $1.96 billion during the quarter, compared to the consensus estimate of $2.10 billion. Westlake Chemical had a return on equity of 17.83% and a net margin of 11.53%. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.62 EPS. As a group, equities analysts anticipate that Westlake Chemical Co. will post 7.13 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 13th. Investors of record on Wednesday, February 27th were issued a $0.25 dividend. The ex-dividend date was Tuesday, February 26th. This represents a $1.00 annualized dividend and a yield of 1.48%. Westlake Chemical’s payout ratio is 12.80%.

In related news, Director H John Riley, Jr. sold 3,327 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $69.92, for a total value of $232,623.84. Following the transaction, the director now owns 22,652 shares in the company, valued at $1,583,827.84. The transaction was disclosed in a document filed with the SEC, which is available through this link. 72.00% of the stock is owned by insiders.

ILLEGAL ACTIVITY NOTICE: This story was first posted by Fairfield Current and is owned by of Fairfield Current. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.fairfieldcurrent.com/news/2019/03/28/westlake-chemical-co-wlk-position-lifted-by-millennium-management-llc.html.

Westlake Chemical Profile

Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, and various ethylene co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products.

Read More: How Do You Calculate Return on Investment (ROI)?

Institutional Ownership by Quarter for Westlake Chemical (NYSE:WLK)

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