Westlake Stock Price, News & Analysis (NYSE:WLK)

15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 4 sell ratings, 9 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" WLK shares.
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15 analysts have issued 12 month price targets for Westlake's shares. Their WLK share price targets range from $108.00 to $150.00. On average, they expect the company's share price to reach $128.71 in the next year. This suggests that the stock has a possible downside of 0.0%.
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Westlake's stock was trading at $102.54 at the beginning of the year. Since then, WLK stock has increased by 25.6% and is now trading at $128.76.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our WLK earnings forecast.

Westlake Co. (NYSE:WLK) posted its quarterly earnings results on Thursday, November, 2nd. The specialty chemicals company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.92 by $0.28. The specialty chemicals company earned $3.12 billion during the quarter, compared to analyst estimates of $3.33 billion. Westlake had a net margin of 9.28% and a trailing twelve-month return on equity of 11.07%.

Westlake declared a quarterly dividend on Friday, November 10th. Investors of record on Tuesday, November 21st will be given a dividend of $0.50 per share on Wednesday, December 6th. This represents a $2.00 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend is Monday, November 20th. This is an increase from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for WLK.

Westlake (NYSE:WLK) pays an annual dividend of $2.00 per share and currently has a dividend yield of 1.56%. 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 21.39%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 27.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

ETFs with the largest weight of Westlake (NYSE:WLK) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Inspire Faithward Mid Cap Momentum ETF (GLRY), iShares Focused Value Factor ETF (FOVL), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Cambria Value and Momentum ETF (VAMO) and Proshares Equities For Rising Rates ETF (EQRR).

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 market closes on Tuesday, March 18th 2014. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

60 employees have rated Westlake Chief Executive Officer Albert Chao on Glassdoor.com. 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.

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).

Westlake's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (3.61%), Victory Capital Management Inc. (2.64%), Mirae Asset Global Investments Co. Ltd. (0.53%), Federated Hermes Inc. (0.32%), Bank of New York Mellon Corp (0.29%) and Charles Schwab Investment Management Inc. (0.27%). Insiders that own company stock include Albert Chao, David Tsung-Hung Chao, Johnathan Stevan Zoeller, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Robert F Buesinger and Roger L Kearns.
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Shares of WLK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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