Westlake (WLK)

Company Profile

Westlake is an international manufacturer and supplier of petrochemicals, polymers and building products that enhance the daily lives of people around the world. Whether it’s plastic wrap that keeps meats and produce fresh; the intravenous bags and tubing used in medical care, the pipes that are essential to ensuring clean water, or the chlorine that treats water and helps keep pools safe, Westlake plays a vital role in supplying the building blocks for these products and many more.

Company profile

Ticker

WLK

Exchange

NYSE

Website

www.westlake.com

CEO

Albert Chao

Incorporated

Delaware

Location

Texas

Fiscal year end

Dec 31

Sector

Manufacturing > All Other Basic Organic Chemical Manufacturing

Industry (SIC)

Industrial Organic Chemicals

LyondellBasell Industries • International Flavors & Fragrances • Sensient Technologies • Green Plains • NewMarket • Westlake Chemical Partners • Renewable Energy • REX American Resources • Futurefuel • Amyris ...

Former names

WESTLAKE CHEMICAL CORP

SEC CIK

0001262823

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Axiall Canada, Inc. • Axiall, LLC • DaVinci Roofscapes, L.L.C. • Westlake Dimex LLC • Eagle Natrium LLC • Eagle Spinco Inc. • Eagle US 2 LLC • LASCO Fittings, LLC • North American Pipe Corporation • North American Specialty Products LLC ...

IRS number

760346924

WLK stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$111.56

Low target

$95.00

High target

$125.00

Latest filings (excl ownership)

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S-3ASR

Automatic shelf registration

3 Nov 22

Westlake Corporation Reports Third Quarter 2022 Results

3 Nov 22

8-K

Westlake Announces $500 Million Expansion of Existing Share Repurchase Program

3 Aug 22

Westlake Corporation Reports Record Second Quarter 2022 Results

2 Aug 22

8-K

Entry into a Material Definitive Agreement

9 Jun 22

Conflict minerals disclosure

16 May 22

8-K

Submission of Matters to a Vote of Security Holders

4 May 22

Transcripts

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WLK

Earnings call transcript

2022 Q3

4 Nov 22

WLK

Earnings call transcript

2022 Q2

2 Aug 22

WLK

Earnings call transcript

2022 Q1

3 May 22

WLK

Earnings call transcript

2021 Q4

22 Feb 22

WLK

Earnings call transcript

2021 Q3

2 Nov 21

WLK

Earnings call transcript

2021 Q2

3 Aug 21

WLK

Earnings call transcript

2021 Q1

4 May 21

WLK

Earnings call transcript

2020 Q4

23 Feb 21

WLK

Earnings call transcript

2020 Q3

4 Nov 20

WLK

Earnings call transcript

2020 Q2

9 Aug 20

Latest ownership filings

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Johnathan Stevan Zoeller

Financial summary

Financial statements Chart WLK financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.81 bn	1.81 bn	1.81 bn	1.81 bn	1.81 bn	1.81 bn
Cash burn (monthly)	(no burn)	150.33 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	632.02 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.17 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	7.8	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Westlake earnings reports.

Institutional ownership, Q3 2022

WLK institutional ownership history Ownership history

99.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	311	348	-10.6%
Opened positions	31	86	-64.0%
Closed positions	68	62	+9.7%
Increased positions	118	124	-4.8%
Reduced positions	120	102	+17.6%

13F shares	Current	Prev Q	Change
Total value	12.95 bn	13.66 bn	-5.2%
Total shares	126.81 mm	128.04 mm	-1.0%
Total puts	161.10 k	195.00 k	-17.4%
Total calls	236.50 k	193.00 k	+22.5%
Total put/call ratio	0.7	1.0	-32.6%

Largest owners	Shares	Value	Change
TTWF	93.41 mm	$9.07 bn	0.0%
FMR	3.57 mm	$310.07 mm	+19.8%
Vanguard	3.34 mm	$290.43 mm	-7.5%
Victory Capital Management	3.02 mm	$262.26 mm	+5.9%
BLK Blackrock	2.22 mm	$193.03 mm	+7.3%
Dimensional Fund Advisors	2.14 mm	$185.78 mm	-6.1%
Soroban Capital Partners	2.02 mm	$175.64 mm	+1.1%
BAC Bank Of America	967.21 k	$84.03 mm	+2.9%
First Trust Advisors	821.83 k	$71.40 mm	-7.8%
GS Goldman Sachs	801.68 k	$69.65 mm	-3.5%

Largest transactions	Shares	Bought/sold	Change
STT State Street	0.00	-707.54 k	EXIT
FMR	3.57 mm	+590.05 k	+19.8%
PRU Prudential Financial	100.73 k	-439.82 k	-81.4%
Arrowstreet Capital, Limited Partnership	654.87 k	+377.65 k	+136.2%
FHI Federated Hermes	554.02 k	-338.42 k	-37.9%
Vanguard	3.34 mm	-272.20 k	-7.5%
Fort Pitt Capital	130.98 k	-269.59 k	-67.3%
Acadian Asset Management	421.52 k	-264.79 k	-38.6%
Marshall Wace	253.38 k	+253.38 k	NEW
Aqr Capital Management	661.26 k	+247.33 k	+59.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

WLK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
31 Aug 22	Robert F. Buesinger	Common Stock	Sell	Dispose S	No	No	98.94	1,000	98.94 k	10,208
26 Aug 22	Johnathan Stevan Zoeller	Common Stock	Sell	Dispose S	No	No	107.08	542	58.04 k	543
23 Aug 22	Robert F. Buesinger	Common Stock	Gift	Dispose G	No	No	0	572	0.00	11,208
13 Aug 22	David Tsung-Hung Chao	Common Stock	Option exercise	Acquire M	No	No	0	1,763	0.00	9,702
13 Aug 22	David Tsung-Hung Chao	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,763	0.00	0
13 Aug 22	Michael J Graff	Common Stock	Option exercise	Acquire M	No	No	0	1,763	0.00	17,432
13 Aug 22	Michael J Graff	RSU Common Stock	Option exercise	Dispose M	No	No	0	1,763	0.00	0
12 Aug 22	David Tsung-Hung Chao	RSU Common Stock	Grant	Acquire A	No	No	0	1,446	0.00	1,446
12 Aug 22	Michael J Graff	RSU Common Stock	Grant	Acquire A	No	No	0	1,446	0.00	1,446