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Westlake (WLK) Stock Price, News & Analysis

+0.40 (+0.25%)
(As of 05/21/2024 ET)
Today's Range
50-Day Range
52-Week Range
497,439 shs
Average Volume
401,810 shs
Market Capitalization
$20.65 billion
P/E Ratio
Dividend Yield
Price Target

Westlake MarketRank™ Stock Analysis

Analyst Rating
2.21 Rating Score
6.0% Downside
$151.00 Price Target
Short Interest
3.69% of Float Sold Short
Dividend Strength
Based on Four Factors
Upright™ Environmental Score
News Sentiment
0.74mentions of Westlake in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.68 M Sold Last Quarter
Proj. Earnings Growth
From $6.57 to $8.76 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.48 out of 5 stars

Basic Materials Sector

20th out of 172 stocks

Industrial Organic Chemicals Industry

2nd out of 18 stocks

WLK stock logo

About Westlake Stock (NYSE:WLK)

Westlake Corporation engages in the manufacture and marketing of performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, Taiwan, and internationally. The company operates through two segments: Performance and Essential Materials and Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, styrene, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries, as well as chlor-alkali, such as chlorine and caustic soda. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; windows; PVC decking; PVC films for various inflatables, wallcovering, and tape and roofing applications; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; PVC compounds used in various housing, medical, and automobile products; and consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. It offers its products to chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. Westlake Corporation was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation operates as a subsidiary of TTWF LP.

WLK Stock Price History

WLK Stock News Headlines

Westlake Corporation Declares Quarterly Dividend
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Company Calendar

Ex-Dividend for 3/14 Dividend
Dividend Payable
Last Earnings
Ex-Dividend for 6/6 Dividend
Dividend Payable
Next Earnings (Estimated)
Fiscal Year End

Industry, Sector and Symbol

Industrial organic chemicals
Commodity Chemicals
Year Founded

Price Target and Rating

Average Stock Price Target
High Stock Price Target
Low Stock Price Target
Potential Upside/Downside
Consensus Rating
Rating Score (0-4)
Research Coverage
14 Analysts


Net Income
$479 million
Pretax Margin


Sales & Book Value

Annual Sales
$12.55 billion
Cash Flow
$17.17 per share
Book Value
$84.00 per share


Free Float
Market Cap
$20.65 billion

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WLK Stock Analysis - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 1 sell rating, 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" WLK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLK, but not buy additional shares or sell existing shares.
View WLK analyst ratings
or view top-rated stocks.

What is Westlake's stock price target for 2024?

14 brokerages have issued 1 year price objectives for Westlake's stock. Their WLK share price targets range from $110.00 to $180.00. On average, they expect the company's share price to reach $151.00 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts price targets for WLK
or view top-rated stocks among Wall Street analysts.

How have WLK shares performed in 2024?

Westlake's stock was trading at $139.96 on January 1st, 2024. Since then, WLK stock has increased by 14.8% and is now trading at $160.63.
View the best growth stocks for 2024 here

Are investors shorting Westlake?

Westlake saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,220,000 shares, a decrease of 16.4% from the April 15th total of 1,460,000 shares. Based on an average trading volume of 447,900 shares, the short-interest ratio is currently 2.7 days. Approximately 3.7% of the shares of the stock are short sold.
View Westlake's Short Interest

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our WLK earnings forecast

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) released its quarterly earnings data on Wednesday, May, 1st. The specialty chemicals company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.25. The specialty chemicals company had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.93 billion. Westlake had a trailing twelve-month return on equity of 7.69% and a net margin of 2.13%. The firm's quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business posted $3.05 earnings per share.

How often does Westlake pay dividends? What is the dividend yield for Westlake?

Westlake declared a quarterly dividend on Friday, May 10th. Stockholders of record on Tuesday, May 21st will be paid a dividend of $0.50 per share on Thursday, June 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Monday, May 20th.
Read our dividend analysis for WLK

Is Westlake a good dividend stock?

Westlake (NYSE:WLK) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 100.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, WLK will have a dividend payout ratio of 22.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

When did Westlake's stock split?

Westlake's stock split on the morning of Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly issued shares were payable to shareholders after the closing bell on Tuesday, March 18th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What is Albert Chao's approval rating as Westlake's CEO?

60 employees have rated Westlake Chief Executive Officer Albert Chao on Albert Chao has an approval rating of 91% among the company's employees. This puts Albert Chao in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 73.0% of employees surveyed would recommend working at Westlake to a friend.

What other stocks do shareholders of Westlake own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake investors own include NVIDIA (NVDA), Home Depot (HD), Advanced Micro Devices (AMD), Boeing (BA), Micron Technology (MU), UnitedHealth Group (UNH), Mastercard (MA), Walmart (WMT), Broadcom (AVGO) and Costco Wholesale (COST).

Who are Westlake's major shareholders?

Westlake's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.61%), Capital World Investors (1.04%), Mirae Asset Global Investments Co. Ltd. (0.44%), ProShare Advisors LLC (0.17%), Allspring Global Investments Holdings LLC (0.17%) and Allspring Global Investments Holdings LLC (0.17%). Insiders that own company stock include Albert Chao, David Tsung-Hung Chao, Johnathan Stevan Zoeller, L Benjamin Ederington, Mark Steven Bender, Robert F Buesinger and Roger L Kearns.
View institutional ownership trends

How do I buy shares of Westlake?

Shares of WLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Westlake have any subsidiaries?
The following companies are subsidiares of Westlake: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Lagoon LLC, Nakan, North American Pipe Corporation, North American Specialty Products LLC, Plastic Trends Inc., Rome Acquisition Holding Corp., Rome Delaware Corp., Royal Building Products (USA) Inc., Royal Group Inc., Taiwan Chlorine Industries Ltd., Vinnolit Benelux-France B.V.B.A., Vinnolit GmbH & Co. KG, Vinnolit Holdings, Vinnolit Holdings GmbH, Vinnolit Italia S.r.L., Vinnolit Limited, Vinnolit Monomer Geschäftsführungs GmbH, Vinnolit Schkopau GmbH, Vinnolit Treuhand GmbH, WPT LLC, Westlake Chemical Finance Corporation, Westlake Chemical Investments Inc., Westlake Chemical OpCo LP, Westlake Chemical Partners GP LLC, Westlake Chemical Partners LP, Westlake Compounds LLC, Westlake Development Corporation, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake Longview Corporation, Westlake Management Services Inc., Westlake Olefins LLC, Westlake Petrochemicals LLC, Westlake Polymers LLC, Westlake Styrene LLC, Westlake Switzerland GmbH, Westlake Vinyl Corporation, Westlake Vinyls Company LP, and Westlake Vinyls Inc..
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This page (NYSE:WLK) was last updated on 5/21/2024 by Staff

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