S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
S&P 500   3,900.79
DOW   31,253.13
QQQ   289.58
NYSE:WLK

Westlake (WLK) Stock Forecast, Price & News

$129.33
-1.71 (-1.30%)
(As of 05/19/2022 12:00 AM ET)
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Today's Range
$127.71
$131.72
50-Day Range
$113.44
$140.33
52-Week Range
$78.06
$141.19
Volume
778,002 shs
Average Volume
714,304 shs
Market Capitalization
$16.60 billion
P/E Ratio
6.62
Dividend Yield
0.87%
Beta
1.19
30 days | 90 days | 365 days | Advanced Chart
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Westlake logo

About Westlake

Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.

Headlines

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Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Commodity Chemicals
CUSIP
96041310
Employees
14,550
Year Founded
1986

Sales & Book Value

Annual Sales
$11.78 billion
Cash Flow
$21.92 per share
Book Value
$72.10 per share

Profitability

Net Income
$2.02 billion
Pretax Margin
24.85%

Debt

Price-To-Earnings

Miscellaneous

Free Float
33,751,000
Market Cap
$16.60 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/15 Dividend
2/28/2022
Dividend Payable
3/15/2022
Last Earnings
5/03/2022
Today
5/20/2022
Ex-Dividend for 6/7 Dividend
5/20/2022
Dividend Payable
6/07/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Social Links


MarketRank

Overall MarketRank

2.77 out of 5 stars

Basic Materials Sector

31st out of 242 stocks

Industrial Organic Chemicals Industry

2nd out of 24 stocks

Analyst Opinion: 1.3Community Rank: 4.3Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













Westlake (NYSE:WLK) Frequently Asked Questions

Is Westlake a buy right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Westlake in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Westlake stock.
View analyst ratings for Westlake
or view top-rated stocks.

When is Westlake's next earnings date?

Westlake is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Westlake
.

How were Westlake's earnings last quarter?

Westlake Co. (NYSE:WLK) posted its quarterly earnings results on Tuesday, May, 3rd. The specialty chemicals company reported $5.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.70 by $1.13. The specialty chemicals company earned $4.06 billion during the quarter, compared to analyst estimates of $3.46 billion. Westlake had a net margin of 18.76% and a trailing twelve-month return on equity of 30.67%. Westlake's quarterly revenue was up 72.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.87 EPS.
View Westlake's earnings history
.

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

Westlake announced a quarterly dividend on Saturday, May 14th. Stockholders of record on Monday, May 23rd will be paid a dividend of $0.2975 per share on Tuesday, June 7th. This represents a $1.19 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, May 20th.
View Westlake's dividend history
.

Is Westlake a good dividend stock?

Westlake pays an annual dividend of $1.19 per share and currently has a dividend yield of 0.87%. Westlake 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 of Westlake is 6.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Westlake will have a dividend payout ratio of 6.87% next year. This indicates that Westlake will be able to sustain or increase its dividend.
View Westlake's dividend history.

When did Westlake's stock split? How did Westlake's stock split work?

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 minted shares were issued to shareholders after the market closes on Tuesday, March 18th 2014. An investor that had 100 shares of Westlake stock prior to the split would have 200 shares after the split.

What price target have analysts set for WLK?

11 equities research analysts have issued twelve-month target prices for Westlake's stock. Their forecasts range from $89.00 to $162.00. On average, they expect Westlake's stock price to reach $133.33 in the next twelve months. This suggests a possible upside of 3.1% from the stock's current price.
View analysts' price targets for Westlake
or view top-rated stocks among Wall Street analysts.

Who are Westlake's key executives?
Westlake's management team includes the following people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director (Age 72, Pay $4.74M)
  • Mr. Mark Steven Bender CPA, Exec. VP & CFO (Age 65, Pay $1.84M) (LinkedIn Profile)
  • Mr. Roger Lester Kearns, COO and Exec. VP of Performance & Essential Materials (Age 59, Pay $1.84M)
  • Mr. Robert F. Buesinger, Exec. VP of Housing, Infrastructure Products, IT & Digital (Age 65, Pay $1.59M) (LinkedIn Profile)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer (Age 46)
  • Mr. L. Benjamin Ederington, Exec. VP, Gen. Counsel, Chief Admin. Officer & Corp. Sec. (Age 51) (LinkedIn Profile)
  • Lawrence Schubert, VP of Corp. Devel. & Sustainability
  • Dr. Karl-Martin Schellerer, Managing Director of Vinnolit Bus. and VP
  • Thomas J. Janssens, Sr. VP of Operations, PEM & Corp. Logistics
  • Mr. Jeff Holy, VP & Treasurer
What is Albert Chao's approval rating as Westlake's CEO?

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

Who are some of Westlake's key competitors?
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 institutional and retail investors. Top institutional investors include Victory Capital Management Inc. (3.16%), Vanguard Group Inc. (3.15%), Dimensional Fund Advisors LP (1.78%), BlackRock Inc. (1.21%), Federated Hermes Inc. (1.01%) and Acadian Asset Management LLC (0.65%). Company insiders that own Westlake stock include Albert Chao, Andrew Kenner, Johnathan Stevan Zoeller, Johnathan Stevan Zoeller, L Benjamin Ederington, Lawrence E Teel, Mark Steven Bender, Robert F Buesinger and Roger L Kearns.
View institutional ownership trends for Westlake
.

Which institutional investors are selling Westlake stock?

WLK stock was sold by a variety of institutional investors in the last quarter, including Lazard Asset Management LLC, Prudential Financial Inc., Fort Pitt Capital Group LLC, BlackRock Inc., Renaissance Technologies LLC, Goldman Sachs Group Inc., Acadian Asset Management LLC, and Arrowstreet Capital Limited Partnership. Company insiders that have sold Westlake company stock in the last year include Albert Chao, Johnathan Stevan Zoeller, L Benjamin Ederington, Mark Steven Bender, Robert F Buesinger, and Roger L Kearns.
View insider buying and selling activity for Westlake
or view top insider-selling stocks.

Which institutional investors are buying Westlake stock?

WLK stock was purchased by a variety of institutional investors in the last quarter, including Federated Hermes Inc., First Trust Advisors LP, Pacer Advisors Inc., Panagora Asset Management Inc., Robotti Robert, Luminus Management LLC, SG Capital Management LLC, and Jane Street Group LLC.
View insider buying and selling activity for Westlake
or or view top insider-buying stocks.

How do I buy shares of Westlake?

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's stock price today?

One share of WLK stock can currently be purchased for approximately $129.33.

How much money does Westlake make?

Westlake has a market capitalization of $16.60 billion and generates $11.78 billion in revenue each year. The specialty chemicals company earns $2.02 billion in net income (profit) each year or $19.54 on an earnings per share basis.

How many employees does Westlake have?

Westlake employs 14,550 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..

When was Westlake founded?

Westlake was founded in 1986.

What is Westlake's official website?

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

How can I contact Westlake?

Westlake'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 5/20/2022 by MarketBeat.com Staff

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