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Westlake (WLK) Stock

Profile

Country:

United States

IPO:

12 August 2004

Indexes:

Not included

Description:

Westlake Chemical Corporation, together with its subsidiaries, manufactures and sells basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, various ethylenes, co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products. The Vinyls segment includes specialty and commodity polyvinyl chloride (PVC), vinyl chloride monomers, dichloroethylenes, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also produces and sells PVC compounds and building products made from PVC. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.

Key Details

Price

$111.98

TTM Dividend Yield

1.83%(+44.09% YoY)

PE Ratio

157.72(+330.69% YoY)

Beta

0.92

Events Calendar

Earnings

Next earnings date:

Feb 20, 2025

Recent quarterly earnings:

Nov 05, 2024

Recent annual earnings:

Feb 20, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Nov 26, 2024
Splits

Next split:

N/A

Recent split:

Mar 19, 2014

Analyst ratings

Recent major analysts updates

18 Dec '24 Citigroup
Buy
13 Nov '24 BMO Capital
Market Perform
11 Nov '24 RBC Capital
Outperform
06 Nov '24 Wells Fargo
Overweight
06 Nov '24 UBS
Neutral
16 Oct '24 B of A Securities
Neutral
11 Oct '24 RBC Capital
Outperform
30 Sept '24 Barclays
Overweight
05 Sept '24 Piper Sandler
Overweight
23 Aug '24 RBC Capital
Outperform

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Institutional Ownership

Westlake Royal Building Products Launches Dryroll Ridge Vent
Westlake Royal Building Products Launches Dryroll Ridge Vent
Westlake Royal Building Products Launches Dryroll Ridge Vent
WLK
zacks.com18 December 2024

WLK has launched the Dryroll ridge vent, an innovative product designed to enhance roof protection and improve attic ventilation.

Westlake Innovations Invests in Universal Matter
Westlake Innovations Invests in Universal Matter
Westlake Innovations Invests in Universal Matter
WLK
businesswire.com17 December 2024

HOUSTON--(BUSINESS WIRE)--Westlake Innovations, Inc., part of Westlake Corporation (NYSE: WLK), has announced its investment in Universal Matter, Inc. This company, located in Burlington, Ontario, aims to be a top provider of high-quality and sustainable graphene and advanced materials to aid in reducing carbon emissions. Westlake's investment reflects its dedication to fostering a more sustainable future by continually enhancing its manufacturing processes.

Westlake Corporation Appoints New Director to its Board
Westlake Corporation Appoints New Director to its Board
Westlake Corporation Appoints New Director to its Board
WLK
businesswire.com10 December 2024

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) has announced the appointment of Mr. Roger A. Cregg to its board of directors. He takes over from Mr. Marius A. Haas, who had previously announced his retirement from the board, effective December 10, 2024, after the new member was appointed. "We are very pleased that Roger has accepted this position on our board," said a Westlake Corporation executive.

Westlake Releases 2023 Sustainability Report
Westlake Releases 2023 Sustainability Report
Westlake Releases 2023 Sustainability Report
WLK
businesswire.com27 November 2024

HOUSTON--(BUSINESS WIRE)--Westlake Corporation (NYSE: WLK) has published its 2023 Sustainability Report, marking the seventh annual update on its sustainability efforts. This report highlights the company's impact on local communities and improvements in teamwork and employee growth. "We think that listening is key to generating great ideas and innovations, which have led to many of our successes," the company stated.

Westlake Corporation Declares Quarterly Dividend
Westlake Corporation Declares Quarterly Dividend
Westlake Corporation Declares Quarterly Dividend
WLK
businesswire.com15 November 2024

HOUSTON--(BUSINESS WIRE)--Westlake Corporation's Board of Directors (NYSE: WLK) has announced a regular dividend of $0.525 per share for the third quarter of 2024. This payment will be made on December 12, 2024, to shareholders who are on record as of November 26, 2024. Westlake has been paying and raising its dividend consistently for the last 20 years, having declared its first dividend on November 11, 2004.

Westlake's Q3 Earnings and Revenues Miss Estimates on Lower Volumes
Westlake's Q3 Earnings and Revenues Miss Estimates on Lower Volumes
Westlake's Q3 Earnings and Revenues Miss Estimates on Lower Volumes
WLK
zacks.com12 November 2024

In the third quarter, WLK experienced a decline in sales compared to the previous quarter, as a decrease in sales volume outweighed the rise in average sales prices.

Westlake Chemical (WLK) Lags Q3 Earnings and Revenue Estimates
Westlake Chemical (WLK) Lags Q3 Earnings and Revenue Estimates
Westlake Chemical (WLK) Lags Q3 Earnings and Revenue Estimates
WLK
zacks.com05 November 2024

Westlake Chemical (WLK) reported quarterly earnings of $1.41 per share, which is lower than the Zacks Consensus Estimate of $2.12 per share. This is also a decrease from the earnings of $2.20 per share from the same period last year.

Westlake Chemical Partners LP Announces Third Quarter 2024 Results
Westlake Chemical Partners LP Announces Third Quarter 2024 Results
Westlake Chemical Partners LP Announces Third Quarter 2024 Results
WLK
businesswire.com05 November 2024

HOUSTON--(BUSINESS WIRE)--Westlake Chemical Partners LP (NYSE: WLKP) announced today that its net income for the third quarter of 2024 was $18.1 million, or $0.51 per limited partner unit, which is an increase of $4.9 million from the $13.2 million reported in the same quarter of 2023. Additionally, cash flows from operating activities for the third quarter of 2024 reached $126.1 million, up by $25.2 million compared to the previous year.

Westlake Chemical Partners: A Value Investor's Dream With Superb Dividend
Westlake Chemical Partners: A Value Investor's Dream With Superb Dividend
Westlake Chemical Partners: A Value Investor's Dream With Superb Dividend
WLK
seekingalpha.com04 November 2024

WLKP mainly focuses on its long-term Ethylene Sales Agreement with Westlake Corporation, ensuring that Westlake buys 95% of WLKP's ethylene output at a set profit margin. The company has a strong history of paying dividends, with a 12-month yield of 8.45% and steady growth, making it a stable choice for investors. Even though the petrochemical industry can be unpredictable, WLKP's fixed-margin approach and efficient operations present a low-risk investment option, along with manageable debt and good liquidity.

Exploring Analyst Estimates for Westlake (WLK) Q3 Earnings, Beyond Revenue and EPS
Exploring Analyst Estimates for Westlake (WLK) Q3 Earnings, Beyond Revenue and EPS
Exploring Analyst Estimates for Westlake (WLK) Q3 Earnings, Beyond Revenue and EPS
WLK
zacks.com31 October 2024

In addition to Wall Street's predictions for Westlake's (WLK) earnings, take a look at forecasts for some important metrics to better understand how the company performed in the quarter that ended in September 2024.

FAQ

  • What is the primary business of Westlake?
  • What is the ticker symbol for Westlake?
  • Does Westlake pay dividends?
  • What sector is Westlake in?
  • What industry is Westlake in?
  • What country is Westlake based in?
  • When did Westlake go public?
  • Is Westlake in the S&P 500?
  • Is Westlake in the NASDAQ 100?
  • Is Westlake in the Dow Jones?
  • When was Westlake's last earnings report?
  • When does Westlake report earnings?
  • Should I buy Westlake stock now?

What is the primary business of Westlake?

Westlake Chemical Corporation, together with its subsidiaries, manufactures and sells basic chemicals, vinyls, polymers, and building products worldwide. It operates through two segments, Olefins and Vinyls. The Olefins segment offers polyethylene, styrene monomers, various ethylenes, co-products, as well as sells propylene, crude butadiene, pyrolysis gasoline, and hydrogen products. The Vinyls segment includes specialty and commodity polyvinyl chloride (PVC), vinyl chloride monomers, dichloroethylenes, chlorine, caustic soda, chlorinated derivative, and ethylene products. This segment also produces and sells PVC compounds and building products made from PVC. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Chemical Corporation is a subsidiary of TTWF LP.

What is the ticker symbol for Westlake?

The ticker symbol for Westlake is NYSE:WLK

Does Westlake pay dividends?

Yes, Westlake pays dividends. The last payment was $0.53, with an ex-dividend date on 26 November 2024

What sector is Westlake in?

Westlake is in the Basic Materials sector

What industry is Westlake in?

Westlake is in the Specialty Chemicals industry

What country is Westlake based in?

Westlake is headquartered in United States

When did Westlake go public?

Westlake's initial public offering (IPO) was on 12 August 2004

Is Westlake in the S&P 500?

No, Westlake is not included in the S&P 500 index

Is Westlake in the NASDAQ 100?

No, Westlake is not included in the NASDAQ 100 index

Is Westlake in the Dow Jones?

No, Westlake is not included in the Dow Jones index

When was Westlake's last earnings report?

Westlake's most recent earnings report was on 5 November 2024

When does Westlake report earnings?

The next expected earnings date for Westlake is 20 February 2025

Should I buy Westlake stock now?

As of today, analysts generally recommend a 'Buy' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions