Westlake - WLK Stock Forecast, Price & News

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 3 sell ratings, 8 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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.
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14 Wall Street research analysts have issued 1 year price targets for Westlake's shares. Their WLK share price forecasts range from $94.00 to $153.00. On average, they predict the company's share price to reach $119.64 in the next twelve months. This suggests a possible upside of 11.3% from the stock's current price.
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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 4.9% and is now trading at $107.52.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our WLK earnings forecast.

Westlake Co. (NYSE:WLK) posted its quarterly earnings results on Tuesday, February, 21st. The specialty chemicals company reported $1.79 EPS for the quarter, missing the consensus estimate of $2.24 by $0.45. The specialty chemicals company earned $3.30 billion during the quarter, compared to analysts' expectations of $3.41 billion. Westlake had a trailing twelve-month return on equity of 22.54% and a net margin of 14.23%. The firm's revenue was down 5.9% compared to the same quarter last year. During the same period in the prior year, the company posted $4.98 earnings per share.

Westlake announced a quarterly dividend on Friday, February 17th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.357 per share on Thursday, March 16th. This represents a $1.43 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Tuesday, February 28th.
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), Janus Henderson Small Cap Growth Alpha ETF (JSML), Inspire Faithward Mid Cap Momentum ETF (GLRY), First Trust Dorsey Wright Momentum & Value ETF (DVLU), iShares Focused Value Factor ETF (FOVL), Invesco DWA Basic Materials Momentum ETF (PYZ), Cambria Value and Momentum ETF (VAMO) and Proshares Equities For Rising Rates ETF (EQRR).

Westlake (NYSE:WLK) pays an annual dividend of $1.43 per share and currently has a dividend yield of 1.37%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 8.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 11.84% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

Westlake shares split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly minted shares were distributed 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLK."

Westlake's stock is owned by many different institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (2.54%), Victory Capital Management Inc. (2.53%), Dimensional Fund Advisors LP (1.34%), Pacer Advisors Inc. (0.79%), First Trust Advisors LP (0.75%) and AQR Capital Management LLC (0.44%). Insiders that own company stock include Albert Chao, Andrew Kenner, Johnathan Stevan Zoeller, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Robert F Buesinger, Roger L Kearns and Ttwfgp Llc.
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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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One share of WLK stock can currently be purchased for approximately $107.52.

Westlake (NYSE:WLK) has a market capitalization of $13.69 billion and generates $15.79 billion in revenue each year. The specialty chemicals company earns $2.25 billion in net income (profit) each year or $17.32 on an earnings per share basis.

The company employs 15,920 workers across the globe.

Westlake's mailing address is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. The official website for the company is www.westlake.com. The specialty chemicals company can be reached via phone at (713) 960-9111, via email at investorrelations@westlake.com, or via fax at 713-963-1590.