Westlake (WLK) Stock Forecast, Price & News

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.

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.

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

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.

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.

ETFs with the largest weight of Westlake (NYSE:WLK) stock in their portfolio include First Trust Materials AlphaDEX Fund (FXZ), Janus Henderson Small Cap Growth Alpha ETF (JSML), Inspire Faithward Mid Cap Momentum ETF (GLRY), First Trust Dorsey Wright Momentum & Value ETF (DVLU), iShares Focused Value Factor ETF (FOVL), Invesco DWA Basic Materials Momentum ETF (PYZ), Proshares Equities For Rising Rates ETF (EQRR) and

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.

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.

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.

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).

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

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

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.

The company employs 15,920 workers across the globe.

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.