Westlake Chemical Corporation Company Profile (NYSE:WLK)

About Westlake Chemical Corporation (NYSE:WLK)

Westlake Chemical Corporation logoWestlake 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
Capitalization:
  • Market Cap: $10.75 billion
  • Outstanding Shares: 129,055,000
Average Prices:
  • 50 Day Moving Avg: $81.79
  • 200 Day Moving Avg: $70.19
  • 52 Week Range: $48.92 - $85.86
P/E:
  • Trailing P/E Ratio: 23.96
  • Foreward P/E Ratio: 14.23
  • P/E Growth: 1.57
Sales & Book Value:
  • Annual Revenue: $6.94 billion
  • Price / Sales: 1.55
  • Book Value: $29.76 per share
  • Price / Book: 2.80
Dividend:
  • Annual Dividend: $0.84
  • Dividend Yield: 1.0%
Profitability:
  • EBITDA: $1.33 billion
  • Net Margins: 6.57%
  • Return on Equity: 13.68%
  • Return on Assets: 5.03%
Debt:
  • Debt-to-Equity Ratio: 0.83%
  • Current Ratio: 2.31%
  • Quick Ratio: 1.50%
Misc:
  • Average Volume: 790,531 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 announced a quarterly dividend on Monday, August 21st. Investors 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 annualized dividend and a yield of 1.01%. 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 shares 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 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) announced its quarterly earnings results on Thursday, August, 3rd. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.19 by $0.02. The firm earned $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. Westlake Chemical Corporation had a return on equity of 13.68% and a net margin of 6.57%. The firm's quarterly revenue was up 82.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. View Westlake Chemical Corporation's Earnings History.

When will Westlake Chemical Corporation make its next earnings announcement?

Westlake Chemical Corporation is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Westlake Chemical Corporation.

Where is Westlake Chemical Corporation's stock going? Where will Westlake Chemical Corporation's stock price be in 2017?

11 analysts have issued 1-year price targets for Westlake Chemical Corporation's stock. Their forecasts range from $64.00 to $98.00. On average, they anticipate Westlake Chemical Corporation's share price to reach $82.00 in the next twelve months. View Analyst Ratings for Westlake Chemical Corporation.

Who are some of Westlake Chemical Corporation's key competitors?

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

Who owns Westlake Chemical Corporation stock?

Westlake Chemical Corporation's stock is owned by many different of retail and institutional investors. Top institutional investors include Denali Advisors LLC (0.07%), Shell Asset Management Co. (0.05%), Viking Fund Management LLC (0.03%) and Quantitative Systematic Strategies LLC (0.00%). Company insiders that own Westlake Chemical Corporation stock include Albert Chao, George J Mangieri, Mark Steven Bender, Michael J Mattina and Robert F Buesinger. View Institutional Ownership Trends for Westlake Chemical Corporation.

Who sold Westlake Chemical Corporation stock? Who is selling Westlake Chemical Corporation stock?

Westlake Chemical Corporation's stock was sold by a variety of institutional investors in the last quarter, including Viking Fund Management LLC and Denali Advisors LLC. Company insiders that have sold Westlake Chemical Corporation stock in the last year include Albert Chao, George J Mangieri, Mark Steven Bender, Michael J Mattina and Robert F Buesinger. View Insider Buying and Selling for Westlake Chemical Corporation.

Who bought Westlake Chemical Corporation stock? Who is buying Westlake Chemical Corporation stock?

Westlake Chemical Corporation's stock was purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co. and Quantitative Systematic Strategies LLC. View Insider Buying and Selling for Westlake Chemical Corporation.

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?

One share of Westlake Chemical Corporation stock can currently be purchased for approximately $83.26.


MarketBeat Community Rating for Westlake Chemical Corporation (NYSE WLK)
Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  220 (Vote Outperform)
Underperform Votes:  192 (Vote Underperform)
Total Votes:  412
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.

Analyst Ratings

Consensus Ratings for Westlake Chemical Corporation (NYSE:WLK) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 1 Hold Rating, 10 Buy Ratings
Consensus Rating:Buy (Score: 2.91)
Consensus Price Target: $82.00 (1.51% downside)
Consensus Price Target History for Westlake Chemical Corporation (NYSE:WLK)
Price Target History for Westlake Chemical Corporation (NYSE:WLK)
Analysts' Ratings History for Westlake Chemical Corporation (NYSE:WLK)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/10/2017Cowen and CompanyBoost Price TargetOutperform -> Outperform$78.00 -> $92.00N/AView Rating Details
9/28/2017SunTrust Banks, Inc.Reiterated RatingBuy$93.00LowView Rating Details
9/27/2017Wells Fargo & CompanyReiterated RatingOutperform -> Positive$77.00 -> $94.00MediumView Rating Details
9/26/2017NomuraUpgradeNeutral -> Buy$98.00LowView Rating Details
9/26/2017InstinetUpgradeNeutral -> BuyLowView Rating Details
9/6/2017Royal Bank Of CanadaReiterated RatingBuyMediumView Rating Details
5/31/2017J P Morgan Chase & CoBoost Price TargetOverweight$70.00 -> $72.00LowView Rating Details
5/8/2017Bank of America CorporationReiterated RatingNeutral$68.00MediumView Rating Details
4/14/2017Citigroup Inc.Lower Price TargetBuy$66.00 -> $64.00N/AView Rating Details
11/21/2016Vertical GroupUpgradeHold -> BuyN/AView Rating Details
11/21/2016Vertical ResearchUpgradeHold -> BuyN/AView Rating Details
10/13/2016Tudor PickeringInitiated CoverageHold$53.00N/AView Rating Details
9/30/2016Goldman Sachs Group, Inc. (The)Reiterated RatingNeutral$51.00N/AView Rating Details
1/24/2016Deutsche Bank AGReiterated RatingHoldN/AView Rating Details
(Data available from 10/23/2015 forward)

Earnings

Earnings History for Westlake Chemical Corporation (NYSE:WLK)
Earnings by Quarter for Westlake Chemical Corporation (NYSE:WLK)
Earnings History by Quarter for Westlake Chemical Corporation (NYSE WLK)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017$1.37N/AView Earnings Details
8/3/2017Q2 2017$1.19$1.21$2.00 billion$1.98 billionViewListenView Earnings Details
5/2/2017Q1 2017$0.80$1.26$1.62 billion$1.94 billionViewListenView Earnings Details
2/21/2017Q4 2016$0.75$1.09$1.78 billion$1.74 billionViewListenView Earnings Details
11/8/2016Q316$0.90$0.51$1.52 billion$1.28 billionViewListenView Earnings Details
7/28/2016Q2$0.96$0.85$1.06 billion$1.09 billionViewListenView Earnings Details
5/3/2016Q116$0.93$0.94$1.02 billion$975.20 millionViewN/AView Earnings Details
2/23/2016Q415$0.99$0.84$1.03 billion$986.76 millionViewListenView Earnings Details
11/3/2015Q315$1.29$1.39$1.17 billion$1.19 billionViewListenView Earnings Details
8/4/2015Q215$1.21$1.41$1.13 billion$1.19 billionViewListenView Earnings Details
5/4/2015Q115$1.20$1.10$1.13 billion$1.10 billionViewListenView Earnings Details
2/24/2015Q414$1.38$1.37$1.18 billion$1.14 billionViewListenView Earnings Details
11/4/2014Q314$1.56$1.59$1.19 billion$1.25 billionViewListenView Earnings Details
8/5/2014Q214$1.44$1.26$1.06 billion$998.60 millionViewListenView Earnings Details
5/5/2014Q114$1.13$1.18$975.86 million$1.03 billionViewListenView Earnings Details
2/20/2014Q413$2.13$2.54$913.80 million$951.63 millionViewListenView Earnings Details
11/7/2013Q313$2.22$2.54$939.14 million$1,000.00 millionViewListenView Earnings Details
7/30/2013Q2 2013$1.90$2.17$948.00 million$939.05 millionViewListenView Earnings Details
5/6/2013Q1 2013$1.25$1.84$870.10 million$864.60 millionViewListenView Earnings Details
2/19/2013Q4 2012$1.21$1.42$832.69 million$801.00 millionViewListenView Earnings Details
11/8/2012Q312$1.36$1.47$902.24 million$821.20 millionViewN/AView Earnings Details
8/2/2012$1.41$1.72ViewN/AView Earnings Details
5/1/2012$1.26$1.31ViewN/AView Earnings Details
2/21/2012$0.62$0.40ViewN/AView Earnings Details
11/1/2011$0.98$1.01ViewN/AView Earnings Details
8/2/2011$1.19$1.21ViewN/AView Earnings Details
5/3/2011$1.02$1.25ViewN/AView Earnings Details
2/22/2011$0.74$1.26ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Westlake Chemical Corporation (NYSE:WLK)
2017 EPS Consensus Estimate: $5.00
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.71$0.71$0.71
Q2 20171$1.30$1.30$1.30
Q3 20171$1.46$1.46$1.46
Q4 20171$1.53$1.53$1.53
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Westlake Chemical Corporation (NYSE:WLK)
Most Recent Dividend:9/18/2017
Annual Dividend:$0.84
Dividend Yield:1.01%
Dividend Growth:21.70% (3 Year Average)
Payout Ratio:24.00% (Trailing 12 Months of Earnings)
16.80% (Based on This Year's Estimates)
14.36% (Based on Next Year's Estimates)
Track Record:13 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Westlake Chemical Corporation (NYSE:WLK)

Dividend History by Quarter for Westlake Chemical Corporation (NYSE WLK)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/21/2017quarterly$0.211.19%8/30/20179/1/20179/18/2017
5/19/2017quarterly$0.191.21%5/25/20175/30/20176/13/2017
2/17/2017quarterly$0.191.16%2/24/20172/28/20173/14/2017
11/21/2016quarterly$0.191.37%11/29/201612/1/201612/16/2016
8/19/2016quarterly$0.191.5%8/31/20169/2/20169/20/2016
5/11/2016quarterly$0.181.59%5/19/20165/23/20166/7/2016
2/18/2016quarterly$0.181.7%2/25/20162/29/20163/14/2016
11/23/2015quarterly$0.181.23%12/2/201512/4/201512/18/2015
8/25/2015quarterly$0.181.42%9/2/20159/4/20159/22/2015
5/18/2015quarterly$0.170.93%5/27/20155/29/20156/12/2015
2/23/2015quarterly$0.170.95%3/3/20153/5/20153/19/2015
11/24/2014quarterly$0.170.94%12/3/201412/5/201412/19/2014
8/25/2014quarterly$0.170.69%9/3/20149/5/20149/19/2014
5/19/2014quarterly$0.130.66%5/28/20145/30/20146/17/2014
2/18/2014quarterly$0.250.78%2/26/20142/28/20143/18/2014
11/25/2013quarterly$0.230.8%12/4/201312/6/201312/20/2013
8/26/2013quarterly$0.230.87%9/6/20139/10/20139/25/2013
5/17/2013quarterly$0.190.8%5/31/20136/4/20136/19/2013
2/18/2013quarterly$0.190.86%2/27/20133/1/20133/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Westlake Chemical Corporation (NYSE:WLK)
Insider Ownership Percentage: 71.70%
Institutional Ownership Percentage: 31.96%
Insider Trades by Quarter for Westlake Chemical Corporation (NYSE:WLK)
Institutional Ownership by Quarter for Westlake Chemical Corporation (NYSE:WLK)
Insider Trades by Quarter for Westlake Chemical Corporation (NYSE:WLK)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/15/2017Mark Steven BenderVPSell13,794$70.22$968,614.68View SEC Filing  
5/17/2017George J MangieriVPSell6,578$62.21$409,217.38View SEC Filing  
3/10/2017Mark Steven BenderCFOSell12,000$64.32$771,840.00View SEC Filing  
11/17/2016Albert ChaoCEOSell20,000$54.15$1,083,000.00View SEC Filing  
11/15/2016Albert ChaoCEOSell20,000$52.95$1,059,000.00View SEC Filing  
11/15/2016Michael J MattinaVPSell18,274$53.78$982,775.72View SEC Filing  
11/11/2016George J MangieriVPSell5,696$52.91$301,375.36View SEC Filing  
11/10/2016Robert F BuesingerInsiderSell2,880$54.42$156,729.60View SEC Filing  
8/23/2016George J MangieriVPSell30,714$52.00$1,597,128.00View SEC Filing  
11/10/2015George J. MangieriCAOSell2,785$60.21$167,684.85View SEC Filing  
5/26/2015Jeffrey L TaylorSVPSell8,143$70.57$574,651.51View SEC Filing  
5/11/2015Lawrence E TeelSVPSell2,125$70.25$149,281.25View SEC Filing  
8/22/2014James ChaoDirectorSell42,379$93.57$3,965,403.03View SEC Filing  
6/9/2014James ChaoMajor ShareholderSell42,946$82.01$3,522,001.46View SEC Filing  
5/7/2014Robert BuesingerVPSell1,872$77.36$144,817.92View SEC Filing  
3/13/2014Robert BlakelyDirectorSell1,609$135.03$217,263.27View SEC Filing  
3/3/2014Mark Steven BenderCFOSell17,721$133.60$2,367,525.60View SEC Filing  
2/28/2014David HansenSVPSell4,232$134.50$569,204.00View SEC Filing  
2/28/2014H John Riley, Jr.DirectorSell7,375$134.70$993,412.50View SEC Filing  
2/28/2014Lawrence TeelVPSell1,107$134.70$149,112.90View SEC Filing  
2/27/2014Jeffrey TaylorSVPSell4,314$132.62$572,122.68View SEC Filing  
2/26/2014Robert BuesingerVPSell2,361$132.95$313,894.95View SEC Filing  
8/12/2013Mark Steven BenderCFOSell2,930$101.00$295,930.00View SEC Filing  
8/8/2013Mark Steven BenderCFOSell3,000$101.00$303,000.00View SEC Filing  
8/1/2013George MangieriCAOSell2,025$104.67$211,956.75View SEC Filing  
8/1/2013Stephen WallaceVPSell12,786$105.71$1,351,608.06View SEC Filing  
5/28/2013Andrew KennerVPSell9,607$94.13$904,306.91View SEC Filing  
5/21/2013George J MangieriCAOSell1,001$94.50$94,594.50View SEC Filing  
5/21/2013Stephen WallaceVPSell9,092$94.02$854,829.84View SEC Filing  
5/8/2013Stephen WallaceVPSell13,857$89.80$1,244,358.60View SEC Filing  
3/25/2013Mark Steven BenderCFOSell4,429$95.00$420,755.00View SEC Filing  
3/12/2013Lawrence E TeelVPSell1,836$94.67$173,814.12View SEC Filing  
3/11/2013Max L LukensDirectorSell1,844$92.67$170,883.48View SEC Filing  
3/11/2013Robert F BuesingerVPSell2,361$93.79$221,438.19View SEC Filing  
12/3/2012Mark Steven BenderCFOSell6,083$73.25$445,579.75View SEC Filing  
11/23/2012Albert ChaoCEOSell20,000$76.16$1,523,200.00View SEC Filing  
11/23/2012Mark Steven BenderCFOSell1,220$75.95$92,659.00View SEC Filing  
8/9/2012Andrew KennerVPSell4,155$66.81$277,595.55View SEC Filing  
8/9/2012Jeffrey L TaylorSVPSell11,720$67.10$786,412.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Westlake Chemical Corporation (NYSE:WLK)
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Westlake Chemical Corporation (WLK) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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