Westlake Chemical Partners (NYSE:WLKP) is scheduled to be releasing its earnings data before the market opens on Tuesday, February 20th. Analysts expect Westlake Chemical Partners to post earnings of $0.47 per share for the quarter.
Shares of Westlake Chemical Partners (NYSE:WLKP) opened at $22.85 on Tuesday. The firm has a market cap of $736.56, a P/E ratio of 14.10, a PEG ratio of 3.37 and a beta of 1.06. Westlake Chemical Partners has a one year low of $21.10 and a one year high of $26.20. The company has a quick ratio of 4.76, a current ratio of 4.84 and a debt-to-equity ratio of 0.48.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, February 8th will be paid a dividend of $0.3864 per share. The ex-dividend date of this dividend is Wednesday, February 7th. This is a positive change from Westlake Chemical Partners’s previous quarterly dividend of $0.38. This represents a $1.55 annualized dividend and a yield of 6.76%. Westlake Chemical Partners’s dividend payout ratio is currently 95.68%.
In other news, CEO Albert Chao purchased 2,000 shares of Westlake Chemical Partners stock in a transaction that occurred on Wednesday, November 22nd. The stock was acquired at an average price of $21.49 per share, for a total transaction of $42,980.00. Following the transaction, the chief executive officer now owns 47,000 shares in the company, valued at $1,010,030. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Chao purchased 8,473 shares of Westlake Chemical Partners stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average price of $22.17 per share, with a total value of $187,846.41. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 35,748 shares of company stock valued at $787,823.
Westlake Chemical Partners Company Profile
Westlake 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. Its 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.
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