Westlake Chemical Partners LP Company Profile (NYSE:WLKP)

About Westlake Chemical Partners LP

Westlake Chemical Partners LP logoWestlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Company operates, acquires and develops ethylene production facilities and other assets. The Company's business and operations are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. OpCo's assets include approximately three ethylene production facilities, which primarily convert ethane into ethylene. OpCo owns approximately two natural gas liquids processing facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins). OpCo owns over one natural gas liquids processing facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins). OpCo also owns approximately 200-mile 10-inch diameter ethylene pipeline system.

Industry, Sector and Symbol:
  • Sector: Basic Materials
  • Industry: Chemicals - Major Diversified
  • Sub-Industry: N/A
  • Exchange: NYSE
  • Symbol: WLKP
  • CUSIP:
Key Metrics:
  • Previous Close: $24.50
  • 50 Day Moving Average: $23.75
  • 200 Day Moving Average: $22.45
  • 52-Week Range: $16.46 - $26.25
  • Trailing P/E Ratio: 16.55
  • Foreward P/E Ratio: 15.12
  • P/E Growth: 0.24
  • Market Cap: $676.48M
  • Outstanding Shares: 27,059,000
  • Beta: 1.29
Profitability:
  • Net Margins: 4.34%
  • Return on Equity: 4.71%
  • Return on Assets: 2.84%
Debt:
  • Debt-to-Equity Ratio: 0.67%
  • Current Ratio: 4.04%
  • Quick Ratio: 3.97%
Additional Links:
Companies Related to Westlake Chemical Partners LP:

Analyst Ratings

Consensus Ratings for Westlake Chemical Partners LP (NYSE:WLKP) (?)
Ratings Breakdown: 3 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $24.33 (2.47% downside)

Analysts' Ratings History for Westlake Chemical Partners LP (NYSE:WLKP)
Show:
DateFirmActionRatingPrice TargetDetails
1/24/2017FBR & CoReiterated RatingBuyView Rating Details
1/20/2017Tudor PickeringUpgradeHold -> BuyView Rating Details
2/25/2016Deutsche Bank AGLower Price TargetBuy$40.00 -> $22.00View Rating Details
2/24/2016Barclays PLCLower Price TargetEqual Weight$23.00 -> $21.00View Rating Details
(Data available from 2/25/2015 forward)

Earnings

Earnings History for Westlake Chemical Partners LP (NYSE:WLKP)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/1/2017        
2/21/2017Q416$0.42$0.39$347.07 million$293.90 millionViewListenView Earnings Details
11/8/2016Q316$0.42$0.32$299.18 million$193.96 millionViewListenView Earnings Details
7/28/2016Q216$0.26$0.34$177.91 million$210.84 millionViewListenView Earnings Details
5/3/2016Q116$0.40$0.45$282.79 million$252.60 millionViewN/AView Earnings Details
2/23/2016Q415$0.41$0.40$268.91 million$248.50 millionViewListenView Earnings Details
11/3/2015Q315$0.40$0.37$268.76 million$248.60 millionViewN/AView Earnings Details
8/4/2015Q215$0.39$0.39$266.32 million$251.70 millionViewN/AView Earnings Details
5/4/2015Q115$0.32$0.31$259.79 million$258.40 millionViewN/AView Earnings Details
2/24/2015Q414$0.34$0.32$296.97 million$273.50 millionViewN/AView Earnings Details
11/4/2014Q314$0.34$0.19$293.26 million$392.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Westlake Chemical Partners LP (NYSE:WLKP)
Current Year EPS Consensus Estimate: $1.64 EPS
Next Year EPS Consensus Estimate: $1.65 EPS

Dividends

Current Dividend Information for Westlake Chemical Partners LP (NYSE:WLKP)
Annual Dividend:$1.38
Dividend Yield:5.53%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:91.39% (Based on Trailing 12 Months of Earnings)
84.15% (Based on Current Year Consensus EPS Estimate)
83.64% (Based on Next Year Consensus EPS Estimate)

Dividend History for Westlake Chemical Partners LP (NYSE:WLKP)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/27/2017quarterly$0.355.45%2/3/20172/7/20172/22/2017
10/31/2016$0.3411/9/201611/14/201611/29/2016
7/28/2016Quarterly$0.338/5/20168/9/20168/23/2016
4/27/2016$0.325/6/20165/10/20165/24/2016
2/1/2016Quarterly$0.312/9/20162/11/20162/26/2016
10/28/2015$0.3011/5/201511/9/201511/27/2015
7/29/2015$0.298/11/20158/13/20158/27/2015
5/1/2015quarterly$0.283.94%5/8/20155/12/20155/27/2015
1/30/2015quarterly$0.284.39%2/5/20152/9/20152/24/2015
10/28/2014quarterly$0.1711/6/201411/10/201411/25/2014
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Westlake Chemical Partners LP (NYSE:WLKP)
Institutional Ownership Percentage: 74.69%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/30/2016Angela A MinasDirectorBuy5,000$21.00$105,000.00View SEC Filing  
8/4/2014Albert ChaoCEOBuy1,526,115$1.42$2,167,083.30View SEC Filing  
8/4/2014George J MangieriCAOBuy5,000$24.00$120,000.00View SEC Filing  
8/4/2014Lawrence E TeelSVPBuy2,500$24.00$60,000.00View SEC Filing  
8/4/2014Mark Steven BenderCFOBuy10,000$24.00$240,000.00View SEC Filing  
8/4/2014Max L LukensDirectorBuy125,000$24.00$3,000,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Westlake Chemical Partners LP (NYSE:WLKP)
DateHeadline
reuters.com logoBRIEF-Westlake Chemical Partners posts Q4 earnings $0.39/shr (NYSE:WLKP)
www.reuters.com - February 22 at 11:06 AM
News IconIs Westlake Chemical Corporation (NYSE:WLK) Preparing For A Breakout Trade? (NYSE:WLKP)
hoyentv.com - February 22 at 11:06 AM
News IconWestlake Chemical Partners LP (NYSE:WLKP)
www.graffiotech.com - February 22 at 11:06 AM
4-traders.com logoWestlake Chemical Partners LP : posts 4Q profit (NYSE:WLKP)
www.4-traders.com - February 22 at 11:06 AM
News IconWestlake Chemical Partners LP (WLKP): How Well Does It Fare Against This Financial Health Check? (NYSE:WLKP)
simplywall.st - February 22 at 11:06 AM
streetinsider.com logoWestlake Chemical Partners LP (WLKP) Misses Q4 EPS by 3c (NYSE:WLKP)
www.streetinsider.com - February 22 at 11:06 AM
marketexclusive.com logoWestlake Chemical Partners LP (NYSE:WLKP) Files An 8-K Results of Operations and Financial Condition (NYSE:WLKP)
marketexclusive.com - February 22 at 11:06 AM
finance.yahoo.com logoEdited Transcript of WLKP earnings conference call or presentation 21-Feb-17 5:00pm GMT (NYSE:WLKP)
finance.yahoo.com - February 22 at 11:06 AM
us.rd.yahoo.com logoWestlake Chemical Partners LP Announces Fourth Quarter and Full Year 2016 Earnings (NYSE:WLKP)
us.rd.yahoo.com - February 21 at 8:10 AM
biz.yahoo.com logoQ4 2016 Westlake Chemical Partners LP Earnings Release - Before Market Open (NYSE:WLKP)
us.rd.yahoo.com - February 21 at 8:10 AM
4-traders.com logoWestlake Chemical Corporation : Announces Quarterly Dividend (NYSE:WLKP)
www.4-traders.com - February 18 at 11:16 AM
finance.yahoo.com logoWestlake Chemical Partners Announce Fourth Quarter and Full Year Earnings for 2016 Conference Call (NYSE:WLKP)
finance.yahoo.com - February 7 at 4:06 PM
seekingalpha.com logoWestlake Partners Is Great Growth And Value Investment (NYSE:WLKP)
seekingalpha.com - February 3 at 6:45 AM
finance.yahoo.com logoWestlake Chemical Partners (WLKP) Shares March Higher, Can It Continue? (NYSE:WLKP)
finance.yahoo.com - February 2 at 6:48 AM
News IconA Reversal for Westlake Chemical Partners LP (WLKP) Is Not Near. The Stock Reaches 52-Week High Today (NYSE:WLKP)
randolphguide.com - January 31 at 8:04 AM
finance.yahoo.com logo4:51 pm Westlake Chemical Partners increases quarterly distribution to $0.3450/unit from $0.3353/unit (NYSE:WLKP)
finance.yahoo.com - January 27 at 9:43 PM
us.rd.yahoo.com logoWestlake Chemical Partners LP Statement on the New Administration’s “Regulatory Freeze” (NYSE:WLKP)
us.rd.yahoo.com - January 24 at 3:28 PM
us.rd.yahoo.com logoWestlake Chemical Partners LP Statement on Publication of Final Regulations Relating to its Qualifying Income Activities (NYSE:WLKP)
us.rd.yahoo.com - January 24 at 3:28 PM
4-traders.com logoWESTLAKE CHEMICAL PARTNERS LP : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (NYSE:WLKP)
www.4-traders.com - January 24 at 3:22 AM
News IconWestlake Chemical Partners LP Statement on the New Administrations Regulatory Freeze (NYSE:WLKP)
www.cbs58.com - January 24 at 3:22 AM
bizjournals.com logoExecutive order freezes new MLP regulations (NYSE:WLKP)
www.bizjournals.com - January 24 at 3:22 AM
4-traders.com logoWESTLAKE CHEMICAL PARTNERS LP (NYSE:WLKP) Files An 8-K Regulation FD Disclosure (NYSE:WLKP)
www.4-traders.com - January 20 at 8:56 PM
us.rd.yahoo.com logo5:45 am Westlake Chemical Partners responds to final regulations relating to its qualifying income activities (NYSE:WLKP)
us.rd.yahoo.com - January 20 at 3:45 PM
us.rd.yahoo.com logoWestlake Chemical Partners upgraded by Tudor Pickering (NYSE:WLKP)
us.rd.yahoo.com - January 20 at 3:45 PM
biz.yahoo.com logoWESTLAKE CHEMICAL PARTNERS LP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits (NYSE:WLKP)
biz.yahoo.com - January 20 at 3:45 PM
finance.yahoo.com logoWestlake Chemical Partners LP Statement on Final Regulations Relating to its Qualifying Income Activities (NYSE:WLKP)
finance.yahoo.com - January 19 at 8:57 PM
capitalcube.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : January 18, 2017 (NYSE:WLKP)
www.capitalcube.com - January 19 at 7:58 AM
capitalcube.com logoWestlake Chemical Partners LP : WLKP-US: Dividend Analysis : November 14th, 2016 (record date) : By the numbers : January 10, 2017 (NYSE:WLKP)
www.capitalcube.com - January 10 at 4:15 PM
capitalcube.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : December 30, 2016 (NYSE:WLKP)
www.capitalcube.com - December 30 at 3:39 PM
capitalcube.com logoWestlake Chemical Partners LP – Value Analysis (NYSE:WLKP) : December 15, 2016 (NYSE:WLKP)
www.capitalcube.com - December 16 at 6:29 AM
capitalcube.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : December 14, 2016 (NYSE:WLKP)
www.capitalcube.com - December 15 at 7:44 AM
thestreet.com logoThis May Be 2016's Top Stock-Selection Model (NYSE:WLKP)
realmoney.thestreet.com - December 8 at 4:48 PM
News IconNotable Price Action: Chemical Financial Corporation Just Reaches 52-Week High? (NYSE:WLKP)
thecelebritytruth.com - December 7 at 1:23 AM
finance.yahoo.com logoCan The Uptrend Continue for Westlake Chemical (WLK)? (NYSE:WLKP)
finance.yahoo.com - December 1 at 9:34 PM
reuters.com logoBRIEF-Westlake Chemical Partners LP reports Q3 net income attributable to partnership of $0.32 per LP unit (NYSE:WLKP)
www.reuters.com - November 9 at 11:35 AM
seekingalpha.com logoWestlake Chemical Partners' (WLKP) CEO Albert Chao on Q3 2016 Results - Earnings Call Transcript (NYSE:WLKP)
seekingalpha.com - November 9 at 11:35 AM
marketexclusive.com logoWestlake Chemical Partners LP (NYSE:WLKP) Files An 8-K Announces Third Quarter 2016 Earnings (NYSE:WLKP)
marketexclusive.com - November 9 at 11:35 AM
finance.yahoo.com logoEdited Transcript of WLKP earnings conference call or presentation 8-Nov-16 5:00pm GMT (NYSE:WLKP)
finance.yahoo.com - November 9 at 11:35 AM
capitalcube.com logoWestlake Chemical Partners LP :WLKP-US: Earnings Analysis: Q3, 2016 By the Numbers : November 9, 2016 (NYSE:WLKP)
www.capitalcube.com - November 9 at 11:35 AM
streetinsider.com logoWestlake Chemical Partners LP (WLKP) Raises Quarterly Dividend 2.9% to $0.3353; 6.4% Yield (NYSE:WLKP)
www.streetinsider.com - November 1 at 1:01 PM
thestreet.com logoWestlake Chemical Partners Becomes Oversold (NYSE:WLKP)
www.thestreet.com - October 27 at 9:20 AM
publicnow.com logoWestlake Chemical Partners Announce Third Quarter 2016 Earnings Conference Call (NYSE:WLKP)
www.publicnow.com - October 25 at 8:14 PM
capitalcube.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : October 18, 2016 (NYSE:WLKP)
www.capitalcube.com - October 18 at 7:57 PM
capitalcube.com logoWestlake Chemical Partners LP : WLKP-US: Dividend Analysis : August 09th, 2016 (record date) : By the numbers : October 17, 2016 (NYSE:WLKP)
www.capitalcube.com - October 17 at 7:58 PM
News IconWestlake Chemical Partners adds Angela Minas to BoD (NYSE:WLKP)
www.fibre2fashion.com - October 15 at 6:13 AM
4-traders.com logoWestlake Chemical Partners LP : Selects Angela Minas to Join Board of Directors (NYSE:WLKP)
www.4-traders.com - October 14 at 11:34 AM
News IconWestlake Chemical Partners selects Angela Minas to join board (NYSE:WLKP)
www.poandpo.com - October 12 at 8:07 PM
capitalcube.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bullish Manner : WLKP-US : October 3, 2016 (NYSE:WLKP)
www.capitalcube.com - October 3 at 7:30 PM
capitalcube.com logoWestlake Chemical Partners LP breached its 50 day moving average in a Bearish Manner : WLKP-US : September 20, 2016 (NYSE:WLKP)
www.capitalcube.com - September 21 at 11:58 AM
capitalcube.com logoWestlake Chemical Partners LP – Value Analysis (NYSE:WLKP) : September 21, 2016 (NYSE:WLKP)
www.capitalcube.com - September 21 at 11:58 AM

Social

What is Westlake Chemical Partners LP's stock symbol?

Westlake Chemical Partners LP trades on the New York Stock Exchange (NYSE) under the ticker symbol "WLKP."

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

Westlake Chemical Partners LP declared a quarterly dividend on Friday, January 27th. Stockholders of record on Tuesday, February 7th will be paid a dividend of $0.345 per share on Wednesday, February 22nd. This represents a $1.38 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend is Friday, February 3rd. This is an increase from Westlake Chemical Partners LP's previous quarterly dividend of $0.34.

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

3 analysts have issued 12 month price targets for Westlake Chemical Partners LP's shares. Their predictions range from $22.00 to $28.00. On average, they anticipate Westlake Chemical Partners LP's share price to reach $24.33 in the next year.

When will Westlake Chemical Partners LP announce their earnings?

Westlake Chemical Partners LP is scheduled to release their next quarterly earnings announcement on Monday, May, 1st 2017.

Who owns Westlake Chemical Partners LP stock?

Westlake Chemical Partners LP's stock is owned by many different of retail and institutional investors. Top institutional investors include Energy Income Partners LLC (2.87%), FMR LLC (1.48%), Van ECK Associates Corp (0.74%), Commonwealth of Pennsylvania Public School Empls Retrmt SYS (0.61%), GSA Capital Partners LLP (0.48%) and Metropolitan Life Insurance Co. NY (0.37%).

Who sold Westlake Chemical Partners LP stock? Who is selling Westlake Chemical Partners LP stock?

Westlake Chemical Partners LP's stock was sold by a variety of institutional investors in the last quarter, including ING Groep NV, Metropolitan Life Insurance Co. NY, Van ECK Associates Corp, Commonwealth of Pennsylvania Public School Empls Retrmt SYS and GSA Capital Partners LLP.

Who bought Westlake Chemical Partners LP stock? Who is buying Westlake Chemical Partners LP stock?

Westlake Chemical Partners LP's stock was acquired by a variety of institutional investors in the last quarter, including Energy Income Partners LLC, Allianz Asset Management AG, Renaissance Technologies LLC and Frontier Wealth Management LLC.

How do I buy Westlake Chemical Partners LP stock?

Shares of Westlake Chemical Partners LP can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Westlake Chemical Partners LP stock cost?

One share of Westlake Chemical Partners LP stock can currently be purchased for approximately $24.95.

Westlake Chemical Partners LP (NYSE:WLKP) Chart for Saturday, February, 25, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)

Earnings History Chart

Earnings by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)

Dividend History Chart

Dividend Payments by Quarter for Westlake Chemical Partners LP (NYSE:WLKP)

Last Updated on 2/25/2017 by MarketBeat.com Staff