Westlake Chemical Partners LP (NYSE:WLKP – Get Free Report) CEO Jean-Marc Gilson acquired 500 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The shares were acquired at an average cost of $22.84 per share, with a total value of $11,420.00. Following the transaction, the chief executive officer now directly owns 1,427 shares in the company, valued at approximately $32,592.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jean-Marc Gilson also recently made the following trade(s):
- On Wednesday, August 28th, Jean-Marc Gilson purchased 500 shares of Westlake Chemical Partners stock. The shares were acquired at an average price of $22.94 per share, with a total value of $11,470.00.
- On Thursday, August 22nd, Jean-Marc Gilson acquired 427 shares of Westlake Chemical Partners stock. The stock was acquired at an average cost of $22.60 per share, with a total value of $9,650.20.
Westlake Chemical Partners Stock Performance
Shares of NYSE WLKP traded down $0.04 during mid-day trading on Wednesday, hitting $22.76. The company had a trading volume of 13,103 shares, compared to its average volume of 52,891. The business’s 50-day simple moving average is $22.82 and its 200-day simple moving average is $22.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.68 and a quick ratio of 4.59. The firm has a market cap of $801.83 million, a P/E ratio of 14.78 and a beta of 1.12. Westlake Chemical Partners LP has a 12 month low of $20.91 and a 12 month high of $23.68.
Westlake Chemical Partners Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 12th were given a dividend of $0.4714 per share. This represents a $1.89 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date of this dividend was Monday, August 12th. Westlake Chemical Partners’s dividend payout ratio (DPR) is currently 122.73%.
Wall Street Analysts Forecast Growth
Separately, Barclays upgraded shares of Westlake Chemical Partners to a “strong-buy” rating in a research note on Monday, August 12th.
View Our Latest Stock Analysis on WLKP
Hedge Funds Weigh In On Westlake Chemical Partners
Several institutional investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in shares of Westlake Chemical Partners during the second quarter worth approximately $181,000. International Assets Investment Management LLC bought a new stake in Westlake Chemical Partners during the 2nd quarter worth approximately $33,000. Pathway Financial Advisers LLC acquired a new stake in Westlake Chemical Partners during the 1st quarter valued at $2,169,000. GSA Capital Partners LLP raised its position in Westlake Chemical Partners by 10.7% in the 1st quarter. GSA Capital Partners LLP now owns 38,427 shares of the basic materials company’s stock valued at $853,000 after purchasing an additional 3,713 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in Westlake Chemical Partners in the first quarter worth $78,000. 78.28% of the stock is owned by institutional investors.
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, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis.
Recommended Stories
- Five stocks we like better than Westlake Chemical Partners
- What is Put Option Volume?
- BHP Stock: The Under-the-Radar Growth Story in Commodities
- The Most Important Warren Buffett Stock for Investors: His Own
- Analysts Upgrade These 3 Hot Buy-and-Hold Stocks
- Using the MarketBeat Dividend Tax Calculator
- Kohl’s Charts a Resilient Path in a Challenging Retail Landscape
Receive News & Ratings for Westlake Chemical Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Westlake Chemical Partners and related companies with MarketBeat.com's FREE daily email newsletter.