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S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
WARNING TO ALL U.S. INVESTORS (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
WARNING TO ALL U.S. INVESTORS (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
S&P 500   4,273.79
DOW   33,562.86
QQQ   354.90
Is Verizon’s 7% Yield Too Good To Pass Up?
WARNING TO ALL U.S. INVESTORS (Ad)
Surging Over 100%: Small Cap Electric Boat Maker Makes Waves
The Most Upgraded Stocks In May Are Moving Higher 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Will Nvidia Be the Lifeline Intel Desperately Needs?
Here’s Why Disney’s MCU is Sinking in Quicksand
BREAKING: Tiny biotech successfully treats blindness (Ad)
Buffett-Backed BYD Caught In The Chinese Government's Stimulus
Here’s What Driving the 125% YTD Gains for Upstart Holdings Stock
NYSE:WLK

Westlake (WLK) Stock Forecast, Price & News

$111.50
-1.51 (-1.34%)
(As of 06/5/2023 ET)
Compare
Today's Range
$109.67
$112.84
50-Day Range
$104.00
$121.29
52-Week Range
$81.29
$134.56
Volume
496,958 shs
Average Volume
413,357 shs
Market Capitalization
$14.23 billion
P/E Ratio
7.67
Dividend Yield
1.28%
Price Target
$120.00

Westlake MarketRank™ Forecast

Analyst Rating
Hold
1.88 Rating Score
Upside/​Downside
7.6% Upside
$120.00 Price Target
Short Interest
Bearish
7.27% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.04
Upright™ Environmental Score
News Sentiment
0.90mentions of Westlake in the last 14 days
Based on 11 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.66%
From $10.60 to $11.73 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.04 out of 5 stars

Basic Materials Sector

108th out of 166 stocks

Industrial Organic Chemicals Industry

9th out of 19 stocks


WLK stock logo

About Westlake (NYSE:WLK) Stock

Westlake Corp. Is a global diversified industrial company, which engages in the manufacturing and supplying of essential products. It operates through the Performance and Essential Materials, and Housing and Infrastructure Products segments. The Performance and Essential Materials segment includes Westlake North American Vinyls, Westlake North American Chlor-alkali and Derivatives, Westlake European and Asian Chlorovinyls, Westlake Olefins, Westlake Polyethylene, and Westlake Epoxy. The Housing and Infrastructure Products segments refers to the Westlake Royal Building Products, Westlake Pipe and Fittings, Westlake Global Compounds, and Westlake Dimex. The company was founded by Ting Tsung Chao in 1986 and is headquartered in Houston, TX.

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WLK Stock News Headlines

ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
Westlake (NYSE:WLK) Now Covered by StockNews.com
Westlake: Dividend Insights
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
Westlake (NYSE:WLK) Cut to Sell at Tudor Pickering
Westlake (NYSE:WLK) PT Raised to $127.00
Westlake (NYSE:WLK) Upgraded to "Hold" at StockNews.com
Westlake (NYSE:WLK) Lifted to Hold at StockNews.com
Westlake (NYSE:WLK) Rating Lowered to Sell at StockNews.com
Bank of America Downgrades Westlake (NYSE:WLK) to Neutral
See More Headlines

WLK Price History

WLK Company Calendar

Ex-Dividend for 3/16 Dividend
2/28/2023
Dividend Payable
3/16/2023
Last Earnings
5/04/2023
Ex-Dividend for 6/8 Dividend
5/22/2023
Today
6/05/2023
Dividend Payable
6/08/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
15,920
Year Founded
1986

Price Target and Rating

Average Stock Price Forecast
$120.00
High Stock Price Forecast
$140.00
Low Stock Price Forecast
$94.00
Forecasted Upside/Downside
+7.6%
Consensus Rating
Hold
Rating Score (0-4)
1.88
Research Coverage
16 Analysts

Profitability

Net Income
$2.25 billion
Pretax Margin
16.33%

Debt

Sales & Book Value

Annual Sales
$15.79 billion
Cash Flow
$25.57 per share
Book Value
$82.05 per share

Miscellaneous

Free Float
33,048,000
Market Cap
$14.23 billion
Optionable
Optionable
Beta
1.24

Social Links


Key Executives

  • Yuan Chao
    President, Chief Executive Officer & Director
  • Mark Steven BenderMark Steven Bender
    Chief Financial Officer & Executive Vice President
  • Robert Ford BuesingerRobert Ford Buesinger
    Executive VP-Information Technology & Digital
  • Johnathan S. ZoellerJohnathan S. Zoeller
    Chief Accounting Officer & Vice President
  • Jeff Holy
    Vice President













WLK Stock - Frequently Asked Questions

Should I buy or sell Westlake stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last twelve months. There are currently 5 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.
View WLK analyst ratings
or view top-rated stocks.

What is Westlake's stock price forecast for 2023?

16 brokers have issued 1-year price objectives for Westlake's shares. Their WLK share price forecasts range from $94.00 to $140.00. On average, they expect the company's stock price to reach $120.00 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
View analysts price targets for WLK
or view top-rated stocks among Wall Street analysts.

How have WLK shares performed in 2023?

Westlake's stock was trading at $102.54 on January 1st, 2023. Since then, WLK shares have increased by 8.7% and is now trading at $111.50.
View the best growth stocks for 2023 here
.

When is Westlake's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our WLK earnings forecast
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) posted its earnings results on Thursday, May, 4th. The specialty chemicals company reported $3.05 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $1.00. The specialty chemicals company earned $3.36 billion during the quarter, compared to analysts' expectations of $3.41 billion. Westlake had a net margin of 12.49% and a trailing twelve-month return on equity of 18.19%. Westlake's quarterly revenue was down 17.3% compared to the same quarter last year. During the same period in the prior year, the business posted $5.83 earnings per share.

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

Westlake declared a quarterly dividend on Friday, May 12th. Investors of record on Tuesday, May 23rd will be paid a dividend of $0.357 per share on Thursday, June 8th. This represents a $1.43 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Monday, May 22nd.
Read our dividend analysis for WLK
.

Is Westlake a good dividend stock?

Westlake (NYSE:WLK) pays an annual dividend of $1.43 per share and currently has a dividend yield of 1.26%. 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 9.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WLK will have a dividend payout ratio of 12.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WLK.

When did Westlake's stock split?

Shares of Westlake split before market open on Wednesday, March 19th 2014. The 2-1 split was announced on Tuesday, February 18th 2014. The newly created 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.

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

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.

What other stocks do shareholders of Westlake own?

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).

What is Westlake's stock symbol?

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

Who are Westlake's major shareholders?

Westlake's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (3.31%), BlackRock Inc. (2.79%), Victory Capital Management Inc. (2.60%), Orbis Allan Gray Ltd (1.62%), Dimensional Fund Advisors LP (1.15%) and Soroban Capital Partners LP (1.06%). 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 and Roger L Kearns.
View institutional ownership trends
.

How do I buy shares of Westlake?

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.
Compare Top Brokerages Here.

What is Westlake's stock price today?

One share of WLK stock can currently be purchased for approximately $111.50.

How much money does Westlake make?

Westlake (NYSE:WLK) has a market capitalization of $14.23 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 $14.54 on an earnings per share basis.

How many employees does Westlake have?

The company employs 15,920 workers across the globe.

Does Westlake have any subsidiaries?
The following companies are subsidiares of Westlake: 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..
Read More
How can I contact Westlake?

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.

This page (NYSE:WLK) was last updated on 6/6/2023 by MarketBeat.com Staff

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