Westlake Chemical Corporation manufactures and markets basic chemicals, vinyls, polymers, and building products primarily in North America and Europe. 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. The Vinyls segment provides specialty and commodity polyvinyl chloride (PVC), vinyl chloride monomers, ethylene dichloride, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also manufactures and sells building products fabricated from PVC, including pipe, fittings, profiles, trims, moldings, fence and decking products, window and door components, and film and sheet products. Westlake Chemical Corporation offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses in various consumer and industrial markets, such as flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods. The company was founded in 1985 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Industrial organic chemicals
Sub-IndustryCommodity Chemicals
SectorBasic Materials
SymbolNYSE:WLK
CUSIP96041310
Phone713-960-9111
Debt
Debt-to-Equity Ratio0.46
Current Ratio2.27
Quick Ratio1.51
Price-To-Earnings
Trailing P/E Ratio17.62
Forward P/E Ratio10.70
P/E Growth0.83
Sales & Book Value
Annual Sales$8.04 billion
Price / Sales1.56
Cash Flow$10.0301 per share
Price / Cash9.63
Book Value$41.59 per share
Price / Book2.32
Profitability
EPS (Most Recent Fiscal Year)$5.47
Net Income$1.30 billion
Net Margins18.55%
Return on Equity19.44%
Return on Assets8.99%
Miscellaneous
Employees8,800
Outstanding Shares129,660,000
Market Cap$12.71 billion
Westlake Chemical (NYSE:WLK) Frequently Asked Questions
What is Westlake Chemical's stock symbol?
Westlake Chemical trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLK."
How often does Westlake Chemical pay dividends? What is the dividend yield for Westlake Chemical?
Westlake Chemical announced a quarterly dividend on Monday, August 20th. Stockholders of record on Tuesday, August 28th will be paid a dividend of $0.25 per share on Wednesday, September 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Monday, August 27th. This is a boost from Westlake Chemical's previous quarterly dividend of $0.21. View Westlake Chemical's Dividend History.
When did Westlake Chemical's stock split? How did Westlake Chemical's stock split work?
Shares of Westlake Chemical split on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were issued to shareholders after the market closes on Tuesday, March 18th 2014. An investor that had 100 shares of Westlake Chemical stock prior to the split would have 200 shares after the split.
How were Westlake Chemical's earnings last quarter?
Westlake Chemical Co. (NYSE:WLK) announced its quarterly earnings results on Thursday, August, 2nd. The specialty chemicals company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.52 by $0.30. The specialty chemicals company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.19 billion. Westlake Chemical had a return on equity of 19.44% and a net margin of 18.55%. The business's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 earnings per share. View Westlake Chemical's Earnings History.
When is Westlake Chemical's next earnings date?
What price target have analysts set for WLK?
18 equities research analysts have issued 12 month price targets for Westlake Chemical's stock. Their forecasts range from $87.00 to $150.00. On average, they anticipate Westlake Chemical's share price to reach $117.5625 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price. View Analyst Price Targets for Westlake Chemical.
What is the consensus analysts' recommendation for Westlake Chemical?
18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 2 sell ratings, 8 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Westlake Chemical.
What are Wall Street analysts saying about Westlake Chemical stock?
Here are some recent quotes from research analysts about Westlake Chemical stock:
- 1. med analysts commented, "We peg recurring EPS at USD2.22 – a miss relative to the consensus estimate of USD2.50. Q2 reported EBITDA of USD568m also missed consensus, which was USD623m. Quarter-over-quarter, Olefins segment volumes declined 2.2%, while Vinyl segment volumes rose 3.1%. Westlake’s press release stated that, though the company had planned turnarounds in Vinyls segments, the Vinyls segment also experienced unplanned turnarounds. The press release did not break-out the EBITDA impact from the Vinyls segment’s planned and unplanned outages. We will seek clarity around the earnings impact of these turnarounds on the conference call, but believe the shortfall, relative to consensus, may have resulted from these outages. Olefins segment pricing declined 1.9% q-o-q, while Vinyls segment pricing rose 3.1%." (8/2/2018)
- 2. According to Zacks Investment Research, "Westlake Chemical has outperformed the industry it belongs to over a year. It is benefiting from synergies of Axiall acquisition and strong demand for its major products. The company remains on track to realize significant synergies and cost savings related to the Axiall acquisition. Increased demand for major products across both Vinyls and Olefins segments is also driving its revenues. Westlake Chemical should also benefit from its capacity expansion projects. However, the company faces headwind from raw material cost inflation which may affect its margins. Its operations are exposed to planned turnarounds and unplanned outages." (7/18/2018)
Who are some of Westlake Chemical's key competitors?
Some companies that are related to Westlake Chemical include LyondellBasell Industries (LYB), Braskem SA ADR Class A (BAK), International Flavors & Fragrances (IFF), Methanex (MEOH), NewMarket (NEU), Sensient Technologies (SXT), Westlake Chemical Partners (WLKP), Codexis (CDXS), Renewable Energy Group (REGI), Green Plains (GPRE), FutureFuel (FF), Green Plains Partners (GPP), REX American Resources (REX), Amyris (AMRS) and Sino United Worldwide Consolidated (SUIC).
Who are Westlake Chemical's key executives?
Westlake Chemical's management team includes the folowing people:
- Mr. Albert Yuan Chao, Pres, CEO & Director (Age 68)
- Mr. Steven Mark Bender CPA, Exec. VP & CFO (Age 61)
- Mr. Robert F. Buesinger, Exec. VP of Vinyl Products (Age 61)
- Mr. George J. Mangieri, Sr. VP & Chief Accounting Officer (Age 67)
- Mr. L. Benjamin Ederington, Chief Admin. Officer, Sr. VP, Gen. Counsel & Corp. Sec. (Age 47)
Has Westlake Chemical been receiving favorable news coverage?
Media stories about WLK stock have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Westlake Chemical earned a news impact score of 0.00 on Accern's scale. They also assigned news articles about the specialty chemicals company an impact score of 45.96 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Westlake Chemical.
Who are Westlake Chemical's major shareholders?
Westlake Chemical's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include FMR LLC (5.69%), BlackRock Inc. (1.49%), Bank of New York Mellon Corp (0.92%), Dimensional Fund Advisors LP (0.87%), Advisors Asset Management Inc. (0.46%) and RE Advisers Corp (0.39%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, James Chao, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Max L Lukens, Michael J Mattina, Robert F Buesinger and Robert T Blakely. View Institutional Ownership Trends for Westlake Chemical.
Which institutional investors are selling Westlake Chemical stock?
WLK stock was sold by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, Canada Pension Plan Investment Board, Bank of America Corp DE, Carillon Tower Advisers Inc., Mackay Shields LLC, RE Advisers Corp, Bank of New York Mellon Corp and Rothschild Asset Management Inc.. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, James Chao, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Max L Lukens, Robert F Buesinger and Robert T Blakely. View Insider Buying and Selling for Westlake Chemical.
Which institutional investors are buying Westlake Chemical stock?
WLK stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Advisors Asset Management Inc., BlackRock Inc., Glenmede Trust Co. NA, James Investment Research Inc., Cornerstone Wealth Management LLC, Sumitomo Mitsui Trust Holdings Inc. and Swiss National Bank. View Insider Buying and Selling for Westlake Chemical.
How do I buy shares of Westlake Chemical?
Shares of WLK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Westlake Chemical's stock price today?
One share of WLK stock can currently be purchased for approximately $96.59.
How big of a company is Westlake Chemical?
Westlake Chemical has a market capitalization of $12.71 billion and generates $8.04 billion in revenue each year. The specialty chemicals company earns $1.30 billion in net income (profit) each year or $5.47 on an earnings per share basis. Westlake Chemical employs 8,800 workers across the globe.
How can I contact Westlake Chemical?
Westlake Chemical's mailing address is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. The specialty chemicals company can be reached via phone at 713-960-9111 or via email at [email protected]
MarketBeat Community Rating for Westlake Chemical (NYSE WLK)
MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical and other stocks. Vote "Outperform" if you believe WLK will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WLK will underperform the S&P 500 over the long term. You may vote once every thirty days.
