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 Ratio0.47
Current Ratio1.79
Quick Ratio1.22
Price-To-Earnings
Trailing P/E Ratio19.69
Forward P/E Ratio11.85
P/E Growth0.97
Sales & Book Value
Annual Sales$8.04 billion
Price / Sales1.74
Cash Flow$10.1623 per share
Price / Cash10.60
Book Value$41.59 per share
Price / Book2.59
Profitability
EPS (Most Recent Fiscal Year)$5.47
Net Income$1.30 billion
Net Margins17.61%
Return on Equity17.77%
Return on Assets7.67%
Miscellaneous
Employees8,800
Outstanding Shares129,600,000
Market Cap$13,980.71
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 declared a quarterly dividend on Monday, May 21st. Stockholders of record on Wednesday, May 30th will be paid a dividend of $0.21 per share on Wednesday, June 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Tuesday, May 29th. View Westlake Chemical's Dividend History.
When did Westlake Chemical's stock split? How did Westlake Chemical's stock split work?
Westlake Chemical's stock split on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created shares were payable 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) issued its earnings results on Thursday, May, 3rd. The specialty chemicals company reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $2.09 by $0.11. The specialty chemicals company earned $2.15 billion during the quarter, compared to the consensus estimate of $2.14 billion. Westlake Chemical had a net margin of 17.61% and a return on equity of 17.77%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.06 EPS. View Westlake Chemical's Earnings History.
When is Westlake Chemical's next earnings date?
What price target have analysts set for WLK?
18 brokers have issued 12 month target prices for Westlake Chemical's shares. Their forecasts range from $87.00 to $150.00. On average, they expect Westlake Chemical's share price to reach $119.8125 in the next year. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Ratings 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."
Who are some of Westlake Chemical's key competitors?
Some companies that are related to Westlake Chemical include LyondellBasell Industries (LYB), Braskem (BAK), International Flavors & Fragrances (IFF), Methanex (MEOH), NewMarket (NEU), Sensient Technologies (SXT), Codexis (CDXS), Westlake Chemical Partners (WLKP), Green Plains (GPRE), Renewable Energy Group (REGI), 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?
News coverage about WLK stock has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded 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 0.13 on Accern's scale. They also assigned media stories about the specialty chemicals company an impact score of 46.31 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Westlake Chemical's major shareholders?
Westlake Chemical's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Denali Advisors LLC (0.08%), Contravisory Investment Management Inc. (0.04%), Clinton Group Inc. (0.03%), Bank of Montreal Can (0.03%), Polaris Greystone Financial Group LLC (0.02%) and Viking Fund Management LLC (0.02%). 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 buying Westlake Chemical stock?
WLK stock was purchased by a variety of institutional investors in the last quarter, including Contravisory Investment Management Inc., Clinton Group Inc., Bank of Montreal Can, Polaris Greystone Financial Group LLC, Viking Fund Management LLC, Fjarde AP Fonden Fourth Swedish National Pension Fund, Gulf International Bank UK Ltd and Denali Advisors LLC. 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 $107.72.
How big of a company is Westlake Chemical?
Westlake Chemical has a market capitalization of $13.98 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.
