NYSE:WLK - Westlake Chemical Stock Price, Forecast & News

Westlake Chemical trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLK."

Westlake Chemical announced a quarterly dividend on Friday, February 14th. Shareholders of record on Tuesday, February 25th will be paid a dividend of $0.2625 per share on Tuesday, March 10th. This represents a $1.05 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Monday, February 24th. View Westlake Chemical's Dividend History.

Westlake Chemical shares split on the morning of 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.

Westlake Chemical Co. (NYSE:WLK) posted its earnings results on Tuesday, February, 18th. The specialty chemicals company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.87 by $0.50. The specialty chemicals company had revenue of $1.88 billion for the quarter, compared to analysts' expectations of $1.93 billion. Westlake Chemical had a return on equity of 7.08% and a net margin of 5.19%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.95 EPS. View Westlake Chemical's Earnings History.

Westlake Chemical is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Westlake Chemical.

18 equities research analysts have issued twelve-month price targets for Westlake Chemical's stock. Their forecasts range from $51.00 to $105.00. On average, they expect Westlake Chemical's stock price to reach $70.16 in the next year. This suggests a possible upside of 24.6% from the stock's current price. View Analyst Price Targets for Westlake Chemical.

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last year. There are currently 3 sell ratings, 9 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Westlake Chemical.

News articles about WLK stock have trended somewhat negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Westlake Chemical earned a coverage optimism score of -1.0 on InfoTrie's scale. They also gave press coverage about the specialty chemicals company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Westlake Chemical.

Westlake Chemical saw a increase in short interest during the month of February. As of February 14th, there was short interest totalling 1,920,000 shares, an increase of 10.3% from the January 30th total of 1,740,000 shares. Based on an average trading volume of 474,200 shares, the days-to-cover ratio is currently 4.0 days. Approximately 5.5% of the shares of the company are sold short. View Westlake Chemical's Current Options Chain.

Some companies that are related to Westlake Chemical include LyondellBasell Industries (LYB), Clarivate Analytics (CCC), Cabot (CBT), Kronos Worldwide (KRO), Tredegar (TG), Koppers (KOP), Hawkins (HWKN) and Trecora Resources (TREC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical investors own include NVIDIA (NVDA), Home Depot (HD), Boeing (BA), Mastercard (MA), Alibaba Group (BABA), UnitedHealth Group (UNH), Cisco Systems (CSCO), Micron Technology (MU), Netflix (NFLX) and Applied Materials (AMAT).

Westlake Chemical's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Victory Capital Management Inc. (2.66%), Victory Capital Management Inc. (2.64%), Alliancebernstein L.P. (2.35%), FMR LLC (2.12%), Maverick Capital Ltd. (1.80%) and State Street Corp (0.72%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Dorothy C Jenkins, George J Mangieri, H John Riley Jr, James Chao, Mark Steven Bender, Robert F Buesinger and Robert T Blakely. View Institutional Ownership Trends for Westlake Chemical.

WLK stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Maverick Capital Ltd., First Trust Advisors LP, UBS Asset Management Americas Inc., Goldman Sachs Group Inc., Coronation Fund Managers Ltd., Bank of New York Mellon Corp and Fort Pitt Capital Group LLC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Dorothy C Jenkins, George J Mangieri and H John Riley Jr. View Insider Buying and Selling for Westlake Chemical.

WLK stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Prudential Financial Inc., Alliancebernstein L.P., Centenus Global Management LP, Jupiter Asset Management Ltd., Brandes Investment Partners LP and Denali Advisors LLC. View Insider Buying and Selling for 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, Robinhood, Fidelity and Charles Schwab.

One share of WLK stock can currently be purchased for approximately $56.29.

Westlake Chemical has a market capitalization of $7.23 billion and generates $8.12 billion in revenue each year. The specialty chemicals company earns $421 million in net income (profit) each year or $3.26 on an earnings per share basis. Westlake Chemical employs 9,430 workers across the globe.View Additional Information About Westlake Chemical.

The official website for Westlake Chemical is http://www.westlake.com/.

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]