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Westlake Corporation (WLK)

Basic Materials | Specialty Chemicals | Houston, United States | NYSE
77.04 USD +0.97 (1.275%) ⇧ (July 14, 2026, 4 p.m. EDT)

Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★⯪☆☆☆
Hot Take | July 11, 2026, 7:07 a.m. EDT

Westlake Corporation is currently a value trap disguised as a turnaround story. Despite a 2.85% dividend yield and a forward P/E of 20x, the company is fundamentally broken with negative operating margins, negative free cash flow, and shrinking revenue. The stock has plummeted 41% in the last year and is trading significantly below its 50-day and 200-day moving averages, confirming a strong downtrend that technicals do not support. While hedge funds and analysts are optimistic about the PVC expansion and mid-cap status, the payout ratio exceeds 69% against negative trailing earnings, making the dividend a liability rather than a safety. Options flow shows mixed sentiment with heavy put walls at lower strikes and call interest at higher targets, suggesting the market is waiting for clarity rather than committing to a direction. Until profitability returns and the balance sheet stabilizes, the risk of capital loss outweighs the income.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL_126 ✓0.214849
AutoTheta0.273116
AutoETS0.273265
AutoARIMA0.273266
MSTL0.281384

Forecast horizon: 60 days | Selected: MSTL_126

Forecast Reliability
Score 39%
H-stat 26.70
Ljung-Box p 0.000
Jarque-Bera p 0.156
Excess Kurtosis -1.12
Attribute Value
Sector Basic Materials
Ex Dividend Date 2026-05-26
Last Dividend Date 2026-05-26
Debt to Equity Ratio 70.489
Revenue per Share 85.629
Market Cap 9,870,592,000
Forward P/E 21.04
Beta 0.62
Profit Margins -14.91%
Previous Name Westlake Chemical Corporation
Website https://www.westlake.com

As of July 11, 2026, 7:07 a.m. EDT: Speculators are positioning for high volatility with significant open interest at both ends of the range. Call buyers have established heavy walls at the 100 and 125 strikes for 2026/2027, suggesting a bullish target zone, while put buyers have concentrated significant volume at the 55 and 60 strikes, indicating a perceived floor. Implied volatility is elevated at these OTM strikes compared to the ATM, reflecting uncertainty about whether the stock can recover to analyst targets or if further downside is priced in.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.60% 2.60% 2.00% 1.69%
Dividend History
Date Dividend Yield %
2026-05-27 0.5300 0.603576
2026-03-03 0.5300 0.514963
2025-11-25 0.5300 0.843009
2025-08-19 0.5300 0.634275
2025-05-20 0.5250 0.688976
2025-03-04 0.5250 0.490608
2024-11-26 0.5250 0.409548
2024-08-20 0.5250 0.365421
2024-05-20 0.5000 0.312051
2024-02-27 0.5000 0.365497
2023-11-20 0.5000 0.384882
2023-08-24 0.5000 0.385475
2023-05-22 0.3570 0.307308
2023-02-28 0.3570 0.299647
2022-11-23 0.3570 0.335842
2022-08-19 0.3570 0.341137
2022-05-20 0.2980 0.236114
2022-02-28 0.2980 0.270148
2021-11-22 0.2980 0.304299
2021-08-23 0.2980 0.357143
2021-05-24 0.2700 0.267671
2021-03-01 0.2700 0.310238
2020-11-23 0.2700 0.354936
2020-08-24 0.2700 0.451656
2020-05-22 0.2630 0.597591
2020-02-24 0.2630 0.440167
2019-11-25 0.2630 0.372732
2019-08-26 0.2630 0.466147
2019-05-28 0.2500 0.415628
2019-02-26 0.2500 0.346212
2018-11-26 0.2500 0.359919
2018-08-27 0.2500 0.255154
2018-05-29 0.2100 0.178087
2018-02-26 0.2100 0.187182
2017-11-24 0.2100 0.222011
2017-08-30 0.2100 0.275013
2017-05-25 0.1910 0.306433
2017-02-24 0.1910 0.300267
2016-11-29 0.1910 0.351038
2016-08-31 0.1910 0.368584
2016-05-19 0.1820 0.419839
2016-02-25 0.1820 0.420518
2015-12-02 0.1820 0.309576
2015-09-02 0.1820 0.351080
2015-05-27 0.1650 0.235647
2015-03-03 0.1650 0.245280
2014-12-03 0.1650 0.257893
2014-09-03 0.1650 0.168712
2014-05-28 0.1260 0.159212
2014-02-26 0.1260 0.189645
2013-12-04 0.1125 0.197472
2013-09-06 0.1125 0.213858
2013-05-31 0.0940 0.201285
2013-02-27 0.0940 0.217542
2012-11-27 1.9690 5.616888
2012-08-28 0.0940 0.273216
2012-05-31 0.0370 0.135805
2012-03-05 0.0370 0.127170
2011-11-29 0.0370 0.188056
2011-08-31 0.0370 0.161045
2011-06-01 0.0320 0.116980
2011-03-09 0.0320 0.129450
2010-11-30 0.0320 0.169492
2010-08-30 0.0320 0.250882
2010-06-01 0.0290 0.289133
2010-03-15 0.0290 0.254052
2009-12-01 0.0290 0.224719
2009-08-31 0.0290 0.241265
2009-05-26 0.0265 0.258285
2009-03-05 0.0265 0.503324
2008-11-28 0.0265 0.313981
2008-08-26 0.0265 0.279536
2008-05-28 0.0250 0.295508
2008-02-27 0.0250 0.281215
2007-11-27 0.0250 0.262329
2007-08-28 0.0250 0.188822
2007-05-30 0.0200 0.142045
2007-03-01 0.0200 0.135962
2006-11-15 0.0200 0.115976
2006-08-28 0.0200 0.140252
2006-05-24 0.0140 0.091984
2006-02-24 0.0140 0.080948
2005-11-17 0.0140 0.092900
2005-08-26 0.0140 0.103973
2005-05-26 0.0105 0.085540
2005-03-01 0.0105 0.059880
2004-11-18 0.0100 0.067431
Additional Data
dividendRate 2.12
dividendYield 2.75
exDividendDate 2026-05-27
trailingAnnualDividendRate 2.115
trailingAnnualDividendYield 0.027803339
lastDividendValue 0.53
lastDividendDate 2026-05-27
dividendDate 2026-06-11

Info Dump

Attribute Value
52 Week Change -0.05181539
Address1 2,801 Post Oak Boulevard
Address2 Suite 600
All Time High 162.64
All Time Low 5.15
Ask 0.0
Ask Size 100
Audit Risk 7
Average Analyst Rating 2.3 - Buy
Average Daily Volume10 Day 1,222,400
Average Daily Volume3 Month 1,137,891
Average Volume 1,137,891
Average Volume10Days 1,222,400
Beta 0.616
Bid 0.0
Bid Size 200
Board Risk 9
Book Value 66.716
City Houston
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 2
Country United States
Crypto Tradeable 0
Currency USD
Current Price 77.04
Current Ratio 2.17
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 78.0
Day Low 75.275
Debt To Equity 70.489
Display Name Westlake
Dividend Date 1,781,136,000
Dividend Rate 2.12
Dividend Yield 2.75
Earnings Call Timestamp End 1,777,993,200
Earnings Call Timestamp Start 1,777,993,200
Earnings Timestamp 1,777,984,200
Earnings Timestamp End 1,785,846,600
Earnings Timestamp Start 1,785,846,600
Ebitda 706,000,000
Ebitda Margins 0.06432
Enterprise To Ebitda 20.225
Enterprise To Revenue 1.301
Enterprise Value 14,278,591,488
Eps Current Year 3.57104
Eps Forward 3.66192
Eps Trailing Twelve Months -12.7
Esg Populated 0
Ex Dividend Date 1,779,840,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 85.9338
Fifty Day Average Change -8.893799
Fifty Day Average Change Percent -0.10349593
Fifty Two Week Change Percent -5.181539
Fifty Two Week High 124.23
Fifty Two Week High Change -47.190002
Fifty Two Week High Change Percent -0.37985995
Fifty Two Week Low 56.33
Fifty Two Week Low Change 20.71
Fifty Two Week Low Change Percent 0.36765486
Fifty Two Week Range 56.33 - 124.23
Financial Currency USD
First Trade Date Milliseconds 1,092,317,400,000
Five Year Avg Dividend Yield 1.58
Float Shares 33,051,876
Forward Eps 3.66192
Forward P E 21.038143
Free Cashflow -22,000,000
Full Exchange Name NYSE
Full Time Employees 14,600
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.063140005
Gross Profits 693,000,000
Has Pre Post Market Data 1
Held Percent Insiders 0.74304
Held Percent Institutions 0.35227
Implied Shares Outstanding 128,122,944
Industry Specialty Chemicals
Industry Disp Specialty Chemicals
Industry Key specialty-chemicals
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,779,840,000
Last Dividend Value 0.53
Last Fiscal Year End 1,767,139,200
Last Split Date 1,395,187,200
Last Split Factor 2:1
Long Business Summary Westlake Corporation manufactures and markets performance and essential materials, and housing and infrastructure products in the United States, Canada, Germany, China, Mexico, Brazil, France, Italy, and internationally. It operates through two segments, Performance and Essential Materials and The Housing and Infrastructure Products. The Performance and Essential Materials segment offers ethylene, polyethylene, chlor-alkali, chlorinated derivative products, ethylene dichloride, vinyl chloride monomer, polyvinyl chloride (PVC), epoxy specialty resins, and base epoxy resins and intermediaries. The Housing and Infrastructure Products segment provides residential PVC sidings; PVC trim and mouldings; architectural stone veneers; windows; PVC decking; polymer composite and cement roof tiles; PVC pipes and fittings for various water, sewer, electrical, and industrial applications; and PVC compounds for various housing, medical, and automobile products. This segment also offers consumer and commercial products, such as landscape edging; industrial, home, and office matting; marine dock edging; and masonry joint controls. It offers its products to chemical processors; plastics fabricators; small construction contractors; municipalities; and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, wind turbines, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. Westlake Corporation was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.
Long Name Westlake Corporation
Market us_market
Market Cap 9,870,592,000
Market State PRE
Max Age 86,400
Message Board Id finmb_701143
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-15
Net Income To Common -1,630,000,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 9,746,312,350
Number Of Analyst Opinions 15
Open 77.1
Operating Cashflow 448,000,000
Operating Margins -0.05807
Overall Risk 6
Payout Ratio 0.694
Peg Ratio 1.7
Phone 713 960 9111
Pre Market Change -0.48999786
Pre Market Change Percent -0.63603044
Pre Market Price 76.55
Pre Market Time 1,784,118,726
Prev Name Westlake Chemical Corporation
Previous Close 76.07
Price Eps Current Year 21.573547
Price Hint 2
Price To Book 1.1547455
Price To Sales Trailing12 Months 0.89928865
Profit Margins -0.14914
Quick Ratio 1.519
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.33333
Region US
Regular Market Change 0.970001
Regular Market Change Percent 1.27514
Regular Market Day High 78.0
Regular Market Day Low 75.275
Regular Market Day Range 75.275 - 78.0
Regular Market Open 77.1
Regular Market Previous Close 76.07
Regular Market Price 77.04
Regular Market Time 1,784,059,202
Regular Market Volume 759,650
Return On Assets -0.00953
Return On Equity -0.15952
Revenue Growth -0.068
Revenue Per Share 85.629
Sand P52 Week Change 0.2043345
Sector Basic Materials
Sector Disp Basic Materials
Sector Key basic-materials
Share Holder Rights Risk 7
Shares Outstanding 128,122,944
Shares Percent Shares Out 0.038
Shares Short 4,867,899
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 3,741,497
Short Name Westlake Corporation
Short Percent Of Float 0.148
Short Ratio 4.49
Source Interval 15
State TX
Symbol WLK
Target High Price 127.0
Target Low Price 85.0
Target Mean Price 102.2
Target Median Price 105.0
Total Cash 2,476,000,000
Total Cash Per Share 19.325
Total Debt 6,380,000,256
Total Revenue 10,976,000,000
Tradeable 0
Trailing Annual Dividend Rate 2.115
Trailing Annual Dividend Yield 0.027803339
Trailing Eps -12.7
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 87.5463
Two Hundred Day Average Change -10.506302
Two Hundred Day Average Change Percent -0.12000851
Type Disp Equity
Volume 759,650
Website https://www.westlake.com
Zip 77,056