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

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.

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.
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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.

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

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%.

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.

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.

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).

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).

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.

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.
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