Westlake Chemical Partners LP (NYSE:WLKP) CEO Albert Chao bought 13,681 shares of the firm’s stock in a transaction on Friday, March 20th. The stock was acquired at an average cost of $13.09 per share, with a total value of $179,084.29. Following the transaction, the chief executive officer now owns 155,476 shares in the company, valued at approximately $2,035,180.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Albert Chao also recently made the following trade(s):

  • On Monday, March 23rd, Albert Chao bought 4,780 shares of Westlake Chemical Partners stock. The stock was acquired at an average cost of $13.12 per share, with a total value of $62,713.60.
  • On Wednesday, March 18th, Albert Chao bought 15,974 shares of Westlake Chemical Partners stock. The stock was acquired at an average cost of $11.68 per share, with a total value of $186,576.32.
  • On Monday, March 16th, Albert Chao purchased 7,535 shares of Westlake Chemical Partners stock. The shares were purchased at an average price of $14.21 per share, with a total value of $107,072.35.
  • On Friday, March 13th, Albert Chao purchased 3,580 shares of Westlake Chemical Partners stock. The shares were purchased at an average price of $15.18 per share, with a total value of $54,344.40.

Westlake Chemical Partners stock opened at $16.08 on Thursday. The business has a 50-day simple moving average of $19.72 and a two-hundred day simple moving average of $22.30. The company has a market cap of $452.24 million, a P/E ratio of 9.14, a P/E/G ratio of 0.91 and a beta of 0.64. Westlake Chemical Partners LP has a 52-week low of $10.31 and a 52-week high of $26.48. The company has a quick ratio of 6.07, a current ratio of 6.14 and a debt-to-equity ratio of 0.42.

Westlake Chemical Partners (NYSE:WLKP) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. The business had revenue of $272.80 million during the quarter. Westlake Chemical Partners had a return on equity of 6.31% and a net margin of 5.59%. Research analysts anticipate that Westlake Chemical Partners LP will post 1.93 EPS for the current fiscal year.

A number of equities research analysts have issued reports on the company. Barclays restated a “buy” rating and set a $29.00 price target on shares of Westlake Chemical Partners in a research note on Monday, February 24th. Zacks Investment Research upgraded Westlake Chemical Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, March 18th.

Several institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC bought a new position in shares of Westlake Chemical Partners during the 3rd quarter valued at approximately $100,000. Jane Street Group LLC bought a new position in shares of Westlake Chemical Partners during the 4th quarter valued at approximately $397,000. Raymond James & Associates grew its stake in shares of Westlake Chemical Partners by 69.3% during the 4th quarter. Raymond James & Associates now owns 16,228 shares of the basic materials company’s stock valued at $429,000 after acquiring an additional 6,644 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Westlake Chemical Partners by 62.4% during the 4th quarter. State of Tennessee Treasury Department now owns 16,452 shares of the basic materials company’s stock valued at $435,000 after acquiring an additional 6,321 shares during the period. Finally, Alphasimplex Group LLC bought a new position in shares of Westlake Chemical Partners during the 4th quarter valued at approximately $549,000. Institutional investors and hedge funds own 45.37% of the company’s stock.

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, including propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on a spot or contract basis.

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Insider Buying and Selling by Quarter for Westlake Chemical Partners (NYSE:WLKP)

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