1 week Ago By Defense World Staff
Westlake Chemical Partners LP ( NYSE:WLKP – Get Free Report ) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $24.47 and last traded at $24.
30, with a volume of 6022 shares traded. The stock had previously closed at $24.28.
Westlake Chemical Partners Stock Performance The firm has a 50 day moving average price of $23.50 and a 200 day moving average price of $22.92.
The stock has a market cap of $862.30 million, a PE ratio of 13.98 and a beta of 1.
10. The company has a quick ratio of 4.46, a current ratio of 4.
53 and a debt-to-equity ratio of 0.48. Westlake Chemical Partners ( NYSE:WLKP – Get Free Report ) last posted its quarterly earnings results on Tuesday, November 5th.
The basic materials company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.36 by $0.
15. Westlake Chemical Partners had a net margin of 5.40% and a return on equity of 7.
31%. The business had revenue of $277.00 million during the quarter, compared to analyst estimates of $244.
16 million. During the same quarter in the previous year, the business posted $0.37 EPS.
As a group, research analysts forecast that Westlake Chemical Partners LP will post 1.55 earnings per share for the current year. Westlake Chemical Partners Cuts Dividend Institutional Investors Weigh In On Westlake Chemical Partners Hedge funds and other institutional investors have recently added to or reduced their stakes in the business.
International Assets Investment Management LLC boosted its holdings in Westlake Chemical Partners by 2,141.0% in the third quarter. International Assets Investment Management LLC now owns 32,763 shares of the basic materials company’s stock valued at $734,000 after purchasing an additional 31,301 shares during the last quarter.
Pathway Financial Advisers LLC boosted its stake in shares of Westlake Chemical Partners by 2,178.0% in the third quarter. Pathway Financial Advisers LLC now owns 2,230,436 shares of the basic materials company’s stock worth $49,984,000 after buying an additional 2,132,523 shares during the last quarter.
JPMorgan Chase & Co. raised its position in Westlake Chemical Partners by 267.0% during the third quarter.
JPMorgan Chase & Co. now owns 98,437 shares of the basic materials company’s stock valued at $2,206,000 after acquiring an additional 71,615 shares in the last quarter. Hilltop Holdings Inc.
raised its position in Westlake Chemical Partners by 2.7% during the third quarter. Hilltop Holdings Inc.
now owns 27,216 shares of the basic materials company’s stock valued at $610,000 after acquiring an additional 711 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its holdings in Westlake Chemical Partners by 22.
0% in the third quarter. Glenmede Trust Co. NA now owns 55,478 shares of the basic materials company’s stock valued at $1,243,000 after acquiring an additional 10,000 shares during the period.
78.28% of the stock is currently owned by hedge funds and other institutional investors. About Westlake Chemical Partners ( Get Free Report ) 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. Read More Five stocks we like better than Westlake Chemical Partners How to Invest in the Best Canadian Stocks Bloom Energy: Powering the Future With Decentralized Energy Using the MarketBeat Dividend Tax Calculator Dividend Powerhouses: Blue-Chip Stocks Built for the Long Haul 3 Home Improvement Stocks that Can Upgrade Your Portfolio Why Traders Are Buying the Dip on Johnson & Johnson Stock 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.
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