S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
NYSE:WLK

Westlake Chemical Stock Forecast, Price & News

$94.01
+1.77 (+1.92%)
(As of 12/3/2021 04:00 PM ET)
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Today's Range
$92.70
$95.10
50-Day Range
$89.20
$104.51
52-Week Range
$74.42
$106.47
Volume
507,029 shs
Average Volume
592,625 shs
Market Capitalization
$12.02 billion
P/E Ratio
8.20
Dividend Yield
1.29%
Beta
1.4
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Westlake Chemical logo

About Westlake Chemical

Westlake Chemical Corp. manufactures and markets petrochemicals, polymers and fabricated building products. It operates through the following segments: Olefins and Vinyls. The Olefins segment manufactures ethylene, polyethylene and styrene and associated co-products at the manufacturing facility in Lake Charles and polyethylene at the Longview facility. The Vinyls segment manufactures and sells building products fabricated from polyvinyl chloride, including pipe, fittings, profiles, foundation, building products, fence and deck components, window and door components, film and sheet products. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.

Headlines

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Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
9,220
Year Founded
1986

Sales & Book Value

Annual Sales
$7.50 billion
Cash Flow
$7.72 per share
Book Value
$61.56 per share

Profitability

Net Income
$330 million
Pretax Margin
19.42%

Debt

Price-To-Earnings

Miscellaneous

Free Float
33,617,000
Market Cap
$12.02 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/02/2021
Ex-Dividend
11/22/2021
Today
12/05/2021
Dividend Payable
12/08/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/22/2022

Social Links


MarketRank

Overall MarketRank

2.89 out of 5 stars

Basic Materials Sector

23rd out of 222 stocks

Industrial Organic Chemicals Industry

2nd out of 22 stocks

Analyst Opinion: 2.3Community Rank: 4.3Dividend Strength: 4.2Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Westlake Chemical (NYSE:WLK) Frequently Asked Questions

Is Westlake Chemical a buy right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical in the last twelve months. There are currently 5 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Westlake Chemical stock.
View analyst ratings for Westlake Chemical
or view top-rated stocks.

How has Westlake Chemical's stock been impacted by Coronavirus (COVID-19)?

Westlake Chemical's stock was trading at $38.43 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, WLK stock has increased by 144.6% and is now trading at $94.01.
View which stocks have been most impacted by COVID-19
.

Are investors shorting Westlake Chemical?

Westlake Chemical saw a decrease in short interest in November. As of November 15th, there was short interest totaling 746,100 shares, a decrease of 47.5% from the October 31st total of 1,420,000 shares. Based on an average daily volume of 596,100 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.3% of the company's shares are short sold.
View Westlake Chemical's Short Interest
.

When is Westlake Chemical's next earnings date?

Westlake Chemical is scheduled to release its next quarterly earnings announcement on Tuesday, February 22nd 2022.
View our earnings forecast for Westlake Chemical
.

How were Westlake Chemical's earnings last quarter?

Westlake Chemical Co. (NYSE:WLK) posted its quarterly earnings results on Tuesday, November, 2nd. The specialty chemicals company reported $4.69 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $3.96 by $0.73. The specialty chemicals company earned $3.06 billion during the quarter, compared to analyst estimates of $2.72 billion. Westlake Chemical had a net margin of 14.50% and a trailing twelve-month return on equity of 20.75%. During the same quarter in the previous year, the business earned $0.60 earnings per share.
View Westlake Chemical's earnings history
.

How often does Westlake Chemical pay dividends? What is the dividend yield for Westlake Chemical?

Westlake Chemical announced a quarterly dividend on Monday, November 15th. Shareholders of record on Tuesday, November 23rd will be given a dividend of $0.2975 per share on Wednesday, December 8th. This represents a $1.19 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, November 22nd.
View Westlake Chemical's dividend history
.

Is Westlake Chemical a good dividend stock?

Westlake Chemical pays an annual dividend of $1.19 per share and currently has a dividend yield of 1.29%. Westlake Chemical has been increasing its dividend for 17 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Westlake Chemical is 10.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Westlake Chemical will have a dividend payout ratio of 8.85% next year. This indicates that Westlake Chemical will be able to sustain or increase its dividend.
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 issued shares were payable to shareholders after the closing bell 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.

What price target have analysts set for WLK?

12 Wall Street analysts have issued 1-year price objectives for Westlake Chemical's stock. Their forecasts range from $93.00 to $134.00. On average, they expect Westlake Chemical's share price to reach $113.75 in the next twelve months. This suggests a possible upside of 21.0% from the stock's current price.
View analysts' price targets for Westlake Chemical
or view top-rated stocks among Wall Street analysts.

Who are Westlake Chemical's key executives?

Westlake Chemical's management team includes the following people:
  • Albert Yuan Chao, President, Chief Executive Officer & Director
  • Roger Lester Kearns, Chief Operating Officer & Executive Vice President
  • Mark Steven Bender, Chief Financial Officer, Treasurer & Senior VP
  • L. Benjamin Ederington, Secretary, CAO, Senior VP & General Counsel
  • Johnathan S. Zoeller, Chief Accounting Officer, Controller & VP

What is Albert Chao's approval rating as Westlake Chemical's CEO?

60 employees have rated Westlake Chemical CEO Albert Chao on Glassdoor.com. Albert Chao has an approval rating of 91% among Westlake Chemical'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 Chemical to a friend.

Who are some of Westlake Chemical's key competitors?

What other stocks do shareholders of Westlake Chemical own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical 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).

What is Westlake Chemical's stock symbol?

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

Who are Westlake Chemical's major shareholders?

Westlake Chemical's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Victory Capital Management Inc. (3.28%), Dimensional Fund Advisors LP (1.81%), BlackRock Inc. (1.30%), Millennium Management LLC (1.01%), Goldman Sachs Group Inc. (0.78%) and Assenagon Asset Management S.A. (0.59%). Company insiders that own Westlake Chemical stock include Albert Chao, Andrew Kenner, Johnathan Stevan Zoeller, Lawrence E Teel, Mark Steven Bender, Robert F Buesinger, Roger L Kearns and Ttwfgp Llc.
View institutional ownership trends for Westlake Chemical
.

Which major investors are selling Westlake Chemical stock?

WLK stock was sold by a variety of institutional investors in the last quarter, including Deutsche Bank AG, Goldman Sachs Group Inc., Jennison Associates LLC, Alliancebernstein L.P., Cubist Systematic Strategies LLC, Barclays PLC, Bank of Nova Scotia, and Squarepoint Ops LLC. Company insiders that have sold Westlake Chemical company stock in the last year include Albert Chao, Johnathan Stevan Zoeller, Lawrence E Teel, Mark Steven Bender, and Robert F Buesinger.
View insider buying and selling activity for Westlake Chemical
or view top insider-selling stocks.

Which major investors are buying Westlake Chemical stock?

WLK stock was bought by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Assenagon Asset Management S.A., Millennium Management LLC, Balyasny Asset Management LLC, Balyasny Asset Management LLC, Polaris Wealth Advisory Group LLC, Janus Henderson Group PLC, and Schonfeld Strategic Advisors LLC. Company insiders that have bought Westlake Chemical stock in the last two years include Albert Chao, Roger L Kearns, and Ttwfgp Llc.
View insider buying and selling activity for Westlake Chemical
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Westlake Chemical's stock price today?

One share of WLK stock can currently be purchased for approximately $94.01.

How much money does Westlake Chemical make?

Westlake Chemical has a market capitalization of $12.02 billion and generates $7.50 billion in revenue each year. The specialty chemicals company earns $330 million in net income (profit) each year or $11.47 on an earnings per share basis.

How many employees does Westlake Chemical have?

Westlake Chemical employs 9,220 workers across the globe.

Does Westlake Chemical have any subsidiaries?

The following companies are subsidiares of Westlake Chemical: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Lagoon LLC, Nakan, North American Pipe Corporation, North American Specialty Products LLC, Plastic Trends Inc., Rome Acquisition Holding Corp., Rome Delaware Corp., Royal Building Products (USA) Inc., Royal Group Inc., Taiwan Chlorine Industries Ltd., Vinnolit Benelux-France B.V.B.A., Vinnolit GmbH & Co. KG, Vinnolit Holdings, Vinnolit Holdings GmbH, Vinnolit Italia S.r.L., Vinnolit Limited, Vinnolit Monomer Geschäftsführungs GmbH, Vinnolit Schkopau GmbH, Vinnolit Treuhand GmbH, WPT LLC, Westlake Chemical Finance Corporation, Westlake Chemical Investments Inc., Westlake Chemical OpCo LP, Westlake Chemical Partners GP LLC, Westlake Chemical Partners LP, Westlake Compounds LLC, Westlake Development Corporation, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake Longview Corporation, Westlake Management Services Inc., Westlake Olefins LLC, Westlake Petrochemicals LLC, Westlake Polymers LLC, Westlake Styrene LLC, Westlake Switzerland GmbH, Westlake Vinyl Corporation, Westlake Vinyls Company LP, and Westlake Vinyls Inc..

When was Westlake Chemical founded?

Westlake Chemical was founded in 1986.

What is Westlake Chemical's official website?

The official website for Westlake Chemical is www.westlake.com.

Where are Westlake Chemical's headquarters?

Westlake Chemical is headquartered at 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056.

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, via email at [email protected], or via fax at 713-963-1590.


This page was last updated on 12/5/2021 by MarketBeat.com Staff

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