Media stories about Westlake Chemical Partners (NYSE:WLKP) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Westlake Chemical Partners earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 45.9734842976392 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
WLKP has been the subject of several recent analyst reports. TheStreet raised shares of Westlake Chemical Partners from a “c+” rating to a “b-” rating in a report on Tuesday, December 12th. ValuEngine lowered shares of Westlake Chemical Partners from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 14th. Citigroup initiated coverage on shares of Westlake Chemical Partners in a report on Tuesday, December 5th. They issued a “buy” rating and a $25.50 price target for the company. Deutsche Bank initiated coverage on shares of Westlake Chemical Partners in a report on Wednesday, January 3rd. They issued a “buy” rating for the company. Finally, UBS Group reissued a “buy” rating and issued a $29.00 price target (up previously from $28.00) on shares of Westlake Chemical Partners in a report on Friday, March 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Westlake Chemical Partners currently has an average rating of “Hold” and an average target price of $27.30.
Westlake Chemical Partners (WLKP) traded up $0.05 during trading on Tuesday, hitting $23.05. 474 shares of the stock were exchanged, compared to its average volume of 63,842. Westlake Chemical Partners has a fifty-two week low of $21.10 and a fifty-two week high of $25.95. The stock has a market capitalization of $723.72, a price-to-earnings ratio of 14.09, a price-to-earnings-growth ratio of 2.03 and a beta of 1.07. The company has a debt-to-equity ratio of 0.47, a current ratio of 5.75 and a quick ratio of 5.61.
The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were issued a dividend of $0.3864 per share. This is a positive change from Westlake Chemical Partners’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, February 7th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 6.71%. Westlake Chemical Partners’s dividend payout ratio is presently 94.51%.
In other news, SVP Lawrence E. Teel acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was purchased at an average price of $22.75 per share, with a total value of $113,750.00. Following the completion of the acquisition, the senior vice president now owns 5,900 shares of the company’s stock, valued at approximately $134,225. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Albert Chao acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was purchased at an average cost of $22.91 per share, with a total value of $45,820.00. Following the acquisition, the chief executive officer now directly owns 49,500 shares of the company’s stock, valued at approximately $1,134,045. The disclosure for this purchase can be found here. Insiders have bought 11,500 shares of company stock valued at $264,560 in the last ninety days.
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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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