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Trading Experts Call It “The Perfect Tesla Trade” (Ad)
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S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
Trading Experts Call It “The Perfect Tesla Trade” (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

Westlake Chemical Partners Stock Price, News & Analysis (NYSE:WLKP)

$21.56
-0.16 (-0.74%)
(As of 12/6/2023 ET)
Compare
Today's Range
$21.56
$21.90
50-Day Range
$21.06
$22.66
52-Week Range
$18.58
$26.00
Volume
38,928 shs
Average Volume
38,299 shs
Market Capitalization
$759.56 million
P/E Ratio
13.39
Dividend Yield
8.77%
Price Target
$26.50

Westlake Chemical Partners MarketRank™ Stock Analysis

Analyst Rating
0.00 Rating Score
Upside/​Downside
22.9% Upside
$26.50 Price Target
Short Interest
Healthy
0.20% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$327,600 Bought Last Quarter
Proj. Earnings Growth
11.95%
From $1.59 to $1.78 Per Share

Overall MarketRank

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

2.02 out of 5 stars

Basic Materials Sector

74th out of 176 stocks

Industrial Organic Chemicals Industry

4th out of 17 stocks


WLKP stock logo

About Westlake Chemical Partners Stock (NYSE:WLKP)

Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. The company's ethylene production facilities primarily convert ethane into ethylene. It also sells ethylene co-products, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was founded in 1991 and is headquartered in Houston, Texas.

WLKP Stock Price History

WLKP Stock News Headlines

Westlake Chemical Partners Stock: High-Yielder Has 20% Upside
Q3 2023 Westlake Chemical Partners LP Earnings Call
Henry Ford Would NEVER Have Seen This Coming
In 1908, Henry Ford used a metal called vanadium in his Model T cars. Over a century later, automakers still turn to vanadium to make car bodies lighter and stronger. Today, this under-appreciated metal plays the starring role in cutting-edge battery tech set to revolutionize the energy storage market.
Westlake Chemical Partners LP WLKP
Westlake Chemical (WLK) Q3 Earnings Beat Estimates
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
Westlake (NYSE:WLK) Is Increasing Its Dividend To $0.50
Q2 2023 Westlake Chemical Partners LP Earnings Call
Westlake Chemical Partners (NYSE: WLKP)
WLKP - Westlake Chemical Partners LP
WLK - Westlake Corporation
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Ex-Dividend for 11/27 Dividend
11/09/2023
Dividend Payable
11/27/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/20/2024

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
1986

Price Target and Rating

Average Stock Price Target
$26.50
High Stock Price Target
$27.00
Low Stock Price Target
$26.00
Potential Upside/Downside
+22.9%
Consensus Rating
Rating Score (0-4)
0.00
Research Coverage
0 Analysts

Profitability

Net Income
$64.17 million
Pretax Margin
26.95%

Debt

Sales & Book Value

Annual Sales
$1.59 billion
Cash Flow
$5.00 per share
Book Value
$25.66 per share

Miscellaneous

Free Float
N/A
Market Cap
$759.56 million
Optionable
Optionable
Beta
0.97

Social Links

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Key Executives

  • Mr. Albert Yuan Chao (Age 73)
    President, CEO & Director of Westlake Chemical Partners GP LLC
  • Mr. Mark Steven Bender CPA (Age 66)
    Executive VP, CFO & Director of Westlake Chemical Partners GP LLC
  • Mr. Johnathan Stevan Zoeller (Age 47)
    VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC
  • Mr. L. Benjamin Ederington (Age 52)
    EVP Perf. & Ess. Mat., Gen. Counsel, Chief Admin Off. and Director of Westlake Chem. Partners GP LLC
  • Mr. Andrew F. Kenner (Age 58)
    Senior VP of Olefin Materials & Corporate Procurement of Westlake Chemical Partners GP LLC
  • Mr. Jeff Holy
    VP & Treasurer of Westlake Chemical Partners GP LLC














WLKP Stock Analysis - Frequently Asked Questions

What is Westlake Chemical Partners' stock price target for 2024?

0 brokers have issued 1-year price targets for Westlake Chemical Partners' stock. Their WLKP share price targets range from $26.00 to $27.00. On average, they anticipate the company's stock price to reach $26.50 in the next twelve months. This suggests a possible upside of 22.9% from the stock's current price.
View analysts price targets for WLKP
or view top-rated stocks among Wall Street analysts.

How have WLKP shares performed in 2023?

Westlake Chemical Partners' stock was trading at $23.50 at the beginning of 2023. Since then, WLKP shares have decreased by 8.3% and is now trading at $21.56.
View the best growth stocks for 2023 here
.

Are investors shorting Westlake Chemical Partners?

Westlake Chemical Partners saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 41,000 shares, a drop of 27.7% from the October 31st total of 56,700 shares. Based on an average daily trading volume, of 35,100 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the shares of the company are short sold.
View Westlake Chemical Partners' Short Interest
.

When is Westlake Chemical Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
View our WLKP earnings forecast
.

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) announced its quarterly earnings results on Thursday, November, 2nd. The basic materials company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.05. The basic materials company had revenue of $321.66 million for the quarter, compared to analysts' expectations of $297.46 million. Westlake Chemical Partners had a trailing twelve-month return on equity of 6.45% and a net margin of 4.50%.

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

Westlake Chemical Partners declared a quarterly dividend on Tuesday, October 31st. Investors of record on Friday, November 10th will be paid a dividend of $0.4714 per share on Monday, November 27th. This represents a $1.89 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Thursday, November 9th.
Read our dividend analysis for WLKP
.

Is Westlake Chemical Partners a good dividend stock?

Westlake Chemical Partners (NYSE:WLKP) pays an annual dividend of $1.89 per share and currently has a dividend yield of 8.32%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 117.39%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, WLKP will have a dividend payout ratio of 106.18% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for WLKP.

What ETFs hold Westlake Chemical Partners' stock?

ETFs with the largest weight of Westlake Chemical Partners (NYSE:WLKP) stock in their portfolio include Global X SuperDividend U.S. ETF (DIV).First Trust North American Energy Infrastructure Fund (EMLP).

What other stocks do shareholders of Westlake Chemical Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westlake Chemical Partners investors own include AT&T (T), Enterprise Products Partners (EPD), Energy Transfer (ET), AbbVie (ABBV), International Business Machines (IBM), Verizon Communications (VZ), Westlake (WLK), Pfizer (PFE), Wells Fargo & Company (WFC) and Exxon Mobil (XOM).

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Invesco Ltd. (14.92%), Mirae Asset Global Investments Co. Ltd. (1.69%), UBS Group AG (1.53%), Clearbridge Investments LLC (1.33%), Acadian Asset Management LLC (0.21%) and Eagle Global Advisors LLC (0.12%). Insiders that own company stock include Andrew Kenner, G Stephen Finley and James Chao.
View institutional ownership trends
.

How do I buy shares of Westlake Chemical Partners?

Shares of WLKP 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.

Does Westlake Chemical Partners have any subsidiaries?
The following companies are subsidiares of Westlake Chemical Partners: Axiall Canada Inc., Axiall Corporation, Axiall Holdco Inc., Axiall LLC, Axiall Limited Partnership, Axiall Noteco Inc., Axiall Taiwan Ltd., CertainTeed Corporation, DaVinci Roofscapes L.L.C., Dimex, Eagle Natrium LLC, Eagle Spinco Inc., Eagle US 2 LLC, Hexion - Epoxy Business, 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./Groupe Royal 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 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 Germany GmbH & Co. KG, Westlake International Holdings Cooperatief U.A., Westlake International Holdings II C.V., Westlake International I B.V., Westlake International Services Corporation, 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..
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This page (NYSE:WLKP) was last updated on 12/7/2023 by MarketBeat.com Staff

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