About Westlake Chemical Corporation (NYSE:WLK)
Westlake Chemical Corporation is a global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. The Company's products include a range of chemicals, which are fundamental to various consumer and industrial markets, including flexible and rigid packaging, automotive products, coatings, water treatment, refrigerants, residential and commercial construction, as well as other durable and non-durable goods. Its segments include Olefins and Vinyls. It manufactures ethylene (through Westlake Chemical OpCo LP (OpCo)), polyethylene, styrene and associated co-products at its manufacturing facility in Lake Charles and polyethylene at its Longview facility. The Company's products in its Vinyls segment include polyvinyl chloride (PVC), vinyl chloride monomer (VCM), ethylene dichloride (EDC), chlor-alkali (chlorine and caustic soda) and chlorinated derivative products and, through OpCo, ethylene. It also manufactures and sells building products fabricated from PVC.
Industry, Sector and Symbol:
- Sector: Basic Materials
- Industry: Commodity Chemicals
- Sub-Industry: Commodity Chemicals
- Symbol: NYSE:WLK
- CUSIP: 96041310
- Web: www.westlake.com
- Market Cap: $10.89486 billion
- Outstanding Shares: 129,055,000
- 50 Day Moving Avg: $80.79
- 200 Day Moving Avg: $69.60
- 52 Week Range: $48.92 - $85.86
Sales & Book Value:
- Trailing P/E Ratio: 24.08
- Foreward P/E Ratio: 14.33
- P/E Growth: 1.62
- Annual Revenue: $6.94 billion
- Price / Sales: 1.57
- Book Value: $29.76 per share
- Price / Book: 2.83
- Annual Dividend: $0.84
- Dividend Yield: 1.0%
- EBITDA: $1.33 billion
- Net Margins: 6.57%
- Return on Equity: 13.68%
- Return on Assets: 5.03%
- Debt-to-Equity Ratio: 0.83%
- Current Ratio: 2.31%
- Quick Ratio: 1.50%
- Average Volume: 801,292 shs.
- Beta: 1.63
- Short Ratio: 6.19
Frequently Asked Questions for Westlake Chemical Corporation (NYSE:WLK)
What is Westlake Chemical Corporation's stock symbol?
Westlake Chemical Corporation trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLK."
How often does Westlake Chemical Corporation pay dividends? What is the dividend yield for Westlake Chemical Corporation?
Westlake Chemical Corporation declared a quarterly dividend on Monday, August 21st. Shareholders of record on Friday, September 1st will be paid a dividend of $0.21 per share on Monday, September 18th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 30th. This is an increase from Westlake Chemical Corporation's previous quarterly dividend of $0.19. View Westlake Chemical Corporation's Dividend History.
When did Westlake Chemical Corporation's stock split? How did Westlake Chemical Corporation's stock split work?
Westlake Chemical Corporation'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 Corporation stock prior to the split would have 200 shares after the split.
How were Westlake Chemical Corporation's earnings last quarter?
Westlake Chemical Corporation (NYSE:WLK) issued its earnings results on Thursday, August, 3rd. The company reported $1.21 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.19 by $0.02. The firm earned $1.98 billion during the quarter, compared to analysts' expectations of $2 billion. Westlake Chemical Corporation had a return on equity of 13.68% and a net margin of 6.57%. The business's revenue was up 82.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. View Westlake Chemical Corporation's Earnings History.
When will Westlake Chemical Corporation make its next earnings announcement?
Where is Westlake Chemical Corporation's stock going? Where will Westlake Chemical Corporation's stock price be in 2017?
11 equities research analysts have issued twelve-month price targets for Westlake Chemical Corporation's stock. Their predictions range from $64.00 to $98.00. On average, they anticipate Westlake Chemical Corporation's stock price to reach $82.00 in the next year. View Analyst Ratings for Westlake Chemical Corporation.
Who are some of Westlake Chemical Corporation's key competitors?
Some companies that are related to Westlake Chemical Corporation include Albemarle Corporation (ALB), Celanese Corporation (CE), Eastman Chemical Company (EMN), Braskem S.A. (BAK), Chemours Company (The) (CC), Olin Corporation (OLN), NewMarket Corporation (NEU), Methanex Corporation (MEOH), Ingevity Corp (NGVT), Quaker Chemical Corporation (KWR), A Schulman (SHLM), Calgon Carbon (CCC), Koppers Holdings (KOP), Innophos Holdings (IPHS), CSW Industrials (CSWI), Westlake Chemical Partners LP (WLKP), Trecora Resources (TREC) and Enzymotec (ENZY).
Who are Westlake Chemical Corporation's key executives?
Westlake Chemical Corporation's management team includes the folowing people:
- James Y. Chao, Chairman of the Board
- Albert Y. Chao, President, Chief Executive Officer, Director
- Mark Steven Bender, Chief Financial Officer, Senior Vice President, Treasurer
- Robert F. Buesinger, Senior Vice President - Vinyls
- Michael J. Mattina, Senior Vice President - Polyethylene
- Lawrence E. Teel, Senior Vice President-Olefins
- L. Benjamin Ederington, Chief Administrative Officer, Vice President, General Counsel, Corporate Secretary
- George J. Mangieri, Vice President, Chief Accounting Officer
- Simon M. Bates, Vice President, Building Products
- Andrew F. Kenner, Vice President - Manufacturing
How do I buy Westlake Chemical Corporation stock?
Shares of Westlake Chemical Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Westlake Chemical Corporation's stock price today?
MarketBeat Community Rating for Westlake Chemical Corporation (NYSE WLK)MarketBeat's community ratings are surveys of what our community members think about Westlake Chemical Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Westlake Chemical Corporation stock can currently be purchased for approximately $84.24.
Consensus Ratings for Westlake Chemical Corporation (NYSE:WLK) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 10 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.91)|
|Consensus Price Target: ||$82.00 (2.66% downside)|Consensus Price Target History for Westlake Chemical Corporation (NYSE:WLK)
Analysts' Ratings History for Westlake Chemical Corporation (NYSE:WLK)
(Data available from 10/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/10/2017||Cowen and Company||Boost Price Target||Outperform -> Outperform||$78.00 -> $92.00||N/A|
|9/28/2017||SunTrust Banks, Inc.||Reiterated Rating||Buy||$93.00||Low|
|9/27/2017||Wells Fargo & Company||Reiterated Rating||Outperform -> Positive||$77.00 -> $94.00||Medium|
|9/26/2017||Nomura||Upgrade||Neutral -> Buy||$98.00||Low|
|9/26/2017||Instinet||Upgrade||Neutral -> Buy||Low|
|9/6/2017||Royal Bank Of Canada||Reiterated Rating||Buy||Medium|
|5/31/2017||J P Morgan Chase & Co||Boost Price Target||Overweight||$70.00 -> $72.00||Low|
|5/8/2017||Bank of America Corporation||Reiterated Rating||Neutral||$68.00||Medium|
|4/14/2017||Citigroup Inc.||Lower Price Target||Buy||$66.00 -> $64.00||N/A|
|11/21/2016||Vertical Group||Upgrade||Hold -> Buy||N/A|
|11/21/2016||Vertical Research||Upgrade||Hold -> Buy||N/A|
|10/13/2016||Tudor Pickering||Initiated Coverage||Hold||$53.00||N/A|
|9/30/2016||Goldman Sachs Group, Inc. (The)||Reiterated Rating||Neutral||$51.00||N/A|
|1/24/2016||Deutsche Bank AG||Reiterated Rating||Hold||N/A|
Earnings History for Westlake Chemical Corporation (NYSE:WLK)Earnings History by Quarter for Westlake Chemical Corporation (NYSE WLK)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$1.19||$1.21||$2.00 billion||$1.98 billion||View||Listen|
|5/2/2017||Q1 2017||$0.80||$1.26||$1.62 billion||$1.94 billion||View||Listen|
|2/21/2017||Q4 2016||$0.75||$1.09||$1.78 billion||$1.74 billion||View||Listen|
|11/8/2016||Q316||$0.90||$0.51||$1.52 billion||$1.28 billion||View||Listen|
|7/28/2016||Q2||$0.96||$0.85||$1.06 billion||$1.09 billion||View||Listen|
|5/3/2016||Q116||$0.93||$0.94||$1.02 billion||$975.20 million||View||N/A|
|2/23/2016||Q415||$0.99||$0.84||$1.03 billion||$986.76 million||View||Listen|
|11/3/2015||Q315||$1.29||$1.39||$1.17 billion||$1.19 billion||View||Listen|
|8/4/2015||Q215||$1.21||$1.41||$1.13 billion||$1.19 billion||View||Listen|
|5/4/2015||Q115||$1.20||$1.10||$1.13 billion||$1.10 billion||View||Listen|
|2/24/2015||Q414||$1.38||$1.37||$1.18 billion||$1.14 billion||View||Listen|
|11/4/2014||Q314||$1.56||$1.59||$1.19 billion||$1.25 billion||View||Listen|
|8/5/2014||Q214||$1.44||$1.26||$1.06 billion||$998.60 million||View||Listen|
|5/5/2014||Q114||$1.13||$1.18||$975.86 million||$1.03 billion||View||Listen|
|2/20/2014||Q413||$2.13||$2.54||$913.80 million||$951.63 million||View||Listen|
|11/7/2013||Q313||$2.22||$2.54||$939.14 million||$1,000.00 million||View||Listen|
|7/30/2013||Q2 2013||$1.90||$2.17||$948.00 million||$939.05 million||View||Listen|
|5/6/2013||Q1 2013||$1.25||$1.84||$870.10 million||$864.60 million||View||Listen|
|2/19/2013||Q4 2012||$1.21||$1.42||$832.69 million||$801.00 million||View||Listen|
|11/8/2012||Q312||$1.36||$1.47||$902.24 million||$821.20 million||View||N/A|
Earnings Estimates for Westlake Chemical Corporation (NYSE:WLK)
2017 EPS Consensus Estimate: $5.00
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Westlake Chemical Corporation (NYSE:WLK)
|Most Recent Dividend:||9/18/2017|
|Dividend Growth:||21.70% (3 Year Average)|
|Payout Ratio:||24.00% (Trailing 12 Months of Earnings) |
17.36% (Based on This Year's Estimates)
14.29% (Based on Next Year's Estimates)
|Track Record:||13 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Westlake Chemical Corporation (NYSE WLK)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Westlake Chemical Corporation (NYSE:WLK)
Insider Ownership Percentage: 72.50%Insider Trades by Quarter for Westlake Chemical Corporation (NYSE:WLK)
Institutional Ownership Percentage: 31.96%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/15/2017||Mark Steven Bender||VP||Sell||13,794||$70.22||$968,614.68|| |
|5/17/2017||George J Mangieri||VP||Sell||6,578||$62.21||$409,217.38|| |
|3/10/2017||Mark Steven Bender||CFO||Sell||12,000||$64.32||$771,840.00|| |
|11/17/2016||Albert Chao||CEO||Sell||20,000||$54.15||$1,083,000.00|| |
|11/15/2016||Albert Chao||CEO||Sell||20,000||$52.95||$1,059,000.00|| |
|11/15/2016||Michael J Mattina||VP||Sell||18,274||$53.78||$982,775.72|| |
|11/11/2016||George J Mangieri||VP||Sell||5,696||$52.91||$301,375.36|| |
|11/10/2016||Robert F Buesinger||Insider||Sell||2,880||$54.42||$156,729.60|| |
|8/23/2016||George J Mangieri||VP||Sell||30,714||$52.00||$1,597,128.00|| |
|11/10/2015||George J. Mangieri||CAO||Sell||2,785||$60.21||$167,684.85|| |
|5/26/2015||Jeffrey L Taylor||SVP||Sell||8,143||$70.57||$574,651.51|| |
|5/11/2015||Lawrence E Teel||SVP||Sell||2,125||$70.25||$149,281.25|| |
|8/22/2014||James Chao||Director||Sell||42,379||$93.57||$3,965,403.03|| |
|6/9/2014||James Chao||Major Shareholder||Sell||42,946||$82.01||$3,522,001.46|| |
|5/7/2014||Robert Buesinger||VP||Sell||1,872||$77.36||$144,817.92|| |
|3/13/2014||Robert Blakely||Director||Sell||1,609||$135.03||$217,263.27|| |
|3/3/2014||Mark Steven Bender||CFO||Sell||17,721||$133.60||$2,367,525.60|| |
|2/28/2014||David Hansen||SVP||Sell||4,232||$134.50||$569,204.00|| |
|2/28/2014||H John Riley, Jr.||Director||Sell||7,375||$134.70||$993,412.50|| |
|2/28/2014||Lawrence Teel||VP||Sell||1,107||$134.70||$149,112.90|| |
|2/27/2014||Jeffrey Taylor||SVP||Sell||4,314||$132.62||$572,122.68|| |
|2/26/2014||Robert Buesinger||VP||Sell||2,361||$132.95||$313,894.95|| |
|8/12/2013||Mark Steven Bender||CFO||Sell||2,930||$101.00||$295,930.00|| |
|8/8/2013||Mark Steven Bender||CFO||Sell||3,000||$101.00||$303,000.00|| |
|8/1/2013||George Mangieri||CAO||Sell||2,025||$104.67||$211,956.75|| |
|8/1/2013||Stephen Wallace||VP||Sell||12,786||$105.71||$1,351,608.06|| |
|5/28/2013||Andrew Kenner||VP||Sell||9,607||$94.13||$904,306.91|| |
|5/21/2013||George J Mangieri||CAO||Sell||1,001||$94.50||$94,594.50|| |
|5/21/2013||Stephen Wallace||VP||Sell||9,092||$94.02||$854,829.84|| |
|5/8/2013||Stephen Wallace||VP||Sell||13,857||$89.80||$1,244,358.60|| |
|3/25/2013||Mark Steven Bender||CFO||Sell||4,429||$95.00||$420,755.00|| |
|3/12/2013||Lawrence E Teel||VP||Sell||1,836||$94.67||$173,814.12|| |
|3/11/2013||Max L Lukens||Director||Sell||1,844||$92.67||$170,883.48|| |
|3/11/2013||Robert F Buesinger||VP||Sell||2,361||$93.79||$221,438.19|| |
|12/3/2012||Mark Steven Bender||CFO||Sell||6,083||$73.25||$445,579.75|| |
|11/23/2012||Albert Chao||CEO||Sell||20,000||$76.16||$1,523,200.00|| |
|11/23/2012||Mark Steven Bender||CFO||Sell||1,220||$75.95||$92,659.00|| |
|8/9/2012||Andrew Kenner||VP||Sell||4,155||$66.81||$277,595.55|| |
|8/9/2012||Jeffrey L Taylor||SVP||Sell||11,720||$67.10||$786,412.00|| |
Headline Trends for Westlake Chemical Corporation (NYSE:WLK)
Latest Headlines for Westlake Chemical Corporation (NYSE:WLK)
Westlake Chemical Corporation (WLK) Chart for Tuesday, October, 17, 2017