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Westlake Co. saw stake changes by major investors amid weak earnings but maintained a dividend.
Appian Way Asset Management LP increased its stake in specialty chemicals company Westlake Co. by 34.4%, while Fmr LLC reduced its holdings by 33.6%.
Westlake reported weaker-than-expected earnings and revenue for the quarter, with an EPS of $1.41 and revenue of $3.12 billion, respectively.
Despite this, the company announced a quarterly dividend of $0.525.
Analysts have given mixed ratings, with an average "Hold" and a consensus target price of $162.17.
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Westlake Co. vio cambios en la participación de los principales inversores en medio de ganancias débiles, pero mantuvo un dividendo.