Westlake Chemical Partners Stock Forecast, Price & News

-0.04 (-0.15 %)
(As of 06/14/2021 12:00 AM ET)
Today's Range
50-Day Range
52-Week Range
Volume53,683 shs
Average Volume108,144 shs
Market Capitalization$948.97 million
P/E Ratio14.81
Dividend Yield7.00%
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About Westlake Chemical Partners

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 a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was founded in 2014 and is headquartered in Houston, Texas.


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Industry, Sector and Symbol

Sales & Book Value






Overall MarketRank

1.69 out of 5 stars

Basic Materials Sector

132nd out of 891 stocks

Industrial Organic Chemicals Industry

8th out of 40 stocks

Analyst Opinion: 1.2Community Rank: 2.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -
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Westlake Chemical Partners (NYSE:WLKP) Frequently Asked Questions

Is Westlake Chemical Partners a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Westlake Chemical Partners in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Westlake Chemical Partners stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WLKP, but not buy additional shares or sell existing shares.
View analyst ratings for Westlake Chemical Partners
or view top-rated stocks.

What stocks does MarketBeat like better than Westlake Chemical Partners?

Wall Street analysts have given Westlake Chemical Partners a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Westlake Chemical Partners wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Westlake Chemical Partners' next earnings date?

Westlake Chemical Partners is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Westlake Chemical Partners

How were Westlake Chemical Partners' earnings last quarter?

Westlake Chemical Partners LP (NYSE:WLKP) announced its earnings results on Monday, May, 3rd. The basic materials company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.09. The basic materials company earned $268.21 million during the quarter. Westlake Chemical Partners had a net margin of 6.46% and a trailing twelve-month return on equity of 6.87%.
View Westlake Chemical Partners' earnings history

How has Westlake Chemical Partners' stock price been impacted by Coronavirus (COVID-19)?

Westlake Chemical Partners' stock was trading at $16.47 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, WLKP stock has increased by 63.7% and is now trading at $26.96.
View which stocks have been most impacted by COVID-19

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 Monday, May 3rd. Investors of record on Thursday, May 13th will be paid a dividend of $0.471 per share on Thursday, May 27th. This represents a $1.88 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Wednesday, May 12th.
View Westlake Chemical Partners' dividend history

Is Westlake Chemical Partners a good dividend stock?

Westlake Chemical Partners pays an annual dividend of $1.89 per share and currently has a dividend yield of 7.00%. WLKP has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Westlake Chemical Partners does not yet have a strong track record of dividend growth. The dividend payout ratio of Westlake Chemical Partners is 100.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Westlake Chemical Partners will have a dividend payout ratio of 85.91% in the coming year. This indicates that Westlake Chemical Partners may not be able to sustain their current dividend.
View Westlake Chemical Partners' dividend history.

What price target have analysts set for WLKP?

3 equities research analysts have issued 12-month target prices for Westlake Chemical Partners' shares. Their forecasts range from $21.00 to $30.00. On average, they anticipate Westlake Chemical Partners' share price to reach $25.33 in the next twelve months. This suggests that the stock has a possible downside of 6.0%.
View analysts' price targets for Westlake Chemical Partners
or view top-rated stocks among Wall Street analysts.

Who are Westlake Chemical Partners' key executives?

Westlake Chemical Partners' management team includes the following people:
  • Mr. Albert Yuan Chao, Pres, CEO & Director of Westlake Chemical Partners GP LLC (Age 71)
  • Mr. Mark Steven Bender CPA, Exec. VP, CFO & Director of Westlake Chemical Partners GP LLC (Age 64)
  • Mr. Johnathan Stevan Zoeller, VP & Chief Accounting Officer of Westlake Chemical Partners GP LLC (Age 45)
  • Mr. L. Benjamin Ederington, SVP, Gen. Counsel, Chief Admin Officer, Sec. & Director of Westlake Chemical Partners GP LLC (Age 50)
  • Mr. Jeff Holy, VP & Treasurer of Westlake Chemical Partners GP LLC

Who are some of Westlake Chemical Partners' key competitors?

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 Chemical (WLK), Pfizer (PFE), Wells Fargo & Company (WFC) and Exxon Mobil (XOM).

What is Westlake Chemical Partners' stock symbol?

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

Who are Westlake Chemical Partners' major shareholders?

Westlake Chemical Partners' stock is owned by a number of retail and institutional investors. Top institutional investors include Clearbridge Investments LLC (1.55%), Goldman Sachs Group Inc. (0.89%), UBS Group AG (0.74%), Morgan Stanley (0.66%), Duff & Phelps Investment Management Co. (0.64%) and Tortoise Capital Advisors L.L.C. (0.38%). Company insiders that own Westlake Chemical Partners stock include Albert Chao, G Stephen Finley, George J Mangieri, L Benjamin Ederington and Randy Woelfel.
View institutional ownership trends for Westlake Chemical Partners

Which major investors are selling Westlake Chemical Partners stock?

WLKP stock was sold by a variety of institutional investors in the last quarter, including Clearbridge Investments LLC, Acadian Asset Management LLC, Morgan Stanley, Duff & Phelps Investment Management Co., GSA Capital Partners LLP, Glenmede Trust Co. NA, Russell Investments Group Ltd., and Arrowstreet Capital Limited Partnership.
View insider buying and selling activity for Westlake Chemical Partners
or view top insider-selling stocks.

Which major investors are buying Westlake Chemical Partners stock?

WLKP stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Arkfeld Wealth Strategies L.L.C., Goldman Sachs Group Inc., Shapiro Capital Management LLC, UBS Group AG, Rockefeller Capital Management L.P., Citigroup Inc., and Alpine Woods Capital Investors LLC. Company insiders that have bought Westlake Chemical Partners stock in the last two years include Albert Chao, G Stephen Finley, L Benjamin Ederington, and Randy Woelfel.
View insider buying and selling activity for Westlake Chemical Partners
or or view top insider-buying stocks.

How do I buy shares of Westlake Chemical Partners?

Shares of WLKP 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 Chemical Partners' stock price today?

One share of WLKP stock can currently be purchased for approximately $26.96.

How much money does Westlake Chemical Partners make?

Westlake Chemical Partners has a market capitalization of $948.97 million and generates $966.67 million in revenue each year. The basic materials company earns $66.17 million in net income (profit) each year or $1.88 on an earnings per share basis.

What is Westlake Chemical Partners' official website?

The official website for Westlake Chemical Partners is www.wlkpartners.com.

Where are Westlake Chemical Partners' headquarters?

Westlake Chemical Partners is headquartered at 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056.

How can I contact Westlake Chemical Partners?

Westlake Chemical Partners' mailing address is 2801 POST OAK BOULEVARD SUITE 600, HOUSTON TX, 77056. The basic materials company can be reached via phone at 713-585-2900 or via email at [email protected]

This page was last updated on 6/15/2021 by MarketBeat.com Staff
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