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WLK Westlake Chemical

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
CEO
Albert Chao
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Axiall Canada, Inc. • Axiall Corporation • Axiall Holdco, Inc. • Axiall Limited Partnership • Axiall Noteco, Inc. • Axiall Taiwan Ltd. • Axiall, LLC • DaVinci Roofscapes, L.L.C. • Eagle Natrium LLC • Eagle Spinco Inc. ...
IRS number
760346924

WLK stock data

(
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Calendar

3 Aug 21
25 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
24 Aug 21 Johnathan Stevan Zoeller Common Stock Payment of exercise Dispose F No No 84.06 236 19.84K 750
20 Aug 21 Johnathan Stevan Zoeller Common Stock Option exercise Acquire M No No 0 986 0 986
20 Aug 21 Johnathan Stevan Zoeller RSU Common Stock Option exercise Dispose M No No 0 986 0 0
14 Aug 21 John Tsung-chen Chao Common Stock Option exercise Acquire M No No 0 2,400 0 6,196
14 Aug 21 John Tsung-chen Chao RSU Common Stock Option exercise Dispose M No No 0 2,400 0 0
14 Aug 21 David Tsung-Hung Chao Common Stock Option exercise Acquire M No No 0 2,400 0 7,939
14 Aug 21 David Tsung-Hung Chao RSU Common Stock Option exercise Dispose M No No 0 2,400 0 0
14 Aug 21 Marius Haas Common Stock Option exercise Acquire M No No 0 2,400 0 7,286
14 Aug 21 Marius Haas RSU Common Stock Option exercise Dispose M No No 0 2,400 0 0
14 Aug 21 Michael J Graff Common Stock Option exercise Acquire M No No 0 2,400 0 15,669

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

98.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 269 234 +15.0%
Opened positions 61 44 +38.6%
Closed positions 26 31 -16.1%
Increased positions 88 84 +4.8%
Reduced positions 73 67 +9.0%
13F shares
Current Prev Q Change
Total value 10.92B 10.67B +2.4%
Total shares 126.45M 127.7M -1.0%
Total puts 129.5K 56.3K +130.0%
Total calls 83.3K 65.2K +27.8%
Total put/call ratio 1.6 0.9 +80.0%
Largest owners
Shares Value Change
TTWF 93.41M $7.62B 0.0%
Vanguard 4M $360.18M +7.2%
Victory Capital Management 3.07M $276.13M -1.3%
Capital World Investors 2.61M $235.15M -0.0%
Dimensional Fund Advisors 2.28M $205.26M -2.3%
FMR 2.05M $184.9M +103.7%
TROW T. Rowe Price 2.04M $184.08M -44.3%
BLK Blackrock 1.69M $151.89M -2.5%
GS Goldman Sachs 1.13M $101.91M +40.4%
Millennium Management 678.93K $61.17M -51.9%
Largest transactions
Shares Bought/sold Change
Assenagon Asset Management 41.59K -1.68M -97.6%
TROW T. Rowe Price 2.04M -1.63M -44.3%
FMR 2.05M +1.04M +103.7%
Millennium Management 678.93K -731.26K -51.9%
Mirae Asset Global Investments 540.84K +540.84K NEW
Balyasny Asset Management 29.04K -491.55K -94.4%
Citadel Advisors 474.51K -367.87K -43.7%
MS Morgan Stanley 563.21K +331.28K +142.8%
GS Goldman Sachs 1.13M +325.72K +40.4%
Vanguard 4M +269.4K +7.2%

Financial report summary

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Risks
  • We and Boral, Aalberts and Dimex must obtain certain approvals and governmental and regulatory consents to consummate the Acquisitions, which, if delayed, not granted or granted with unacceptable conditions, may jeopardize or delay the consummation of the Acquisitions, result in additional expenditures of money and resources and/or reduce the anticipated benefits of the transactions.
  • Failure to consummate the Acquisitions could negatively impact our share price and our future business and financial results.
  • While the Acquisitions are pending, each of the Boral Target Companies, LASCO and Dimex will be subject to business uncertainties that could adversely affect our businesses.
  • We may not realize all of the anticipated benefits of the Acquisitions or those benefits may take longer to realize than expected. We may also encounter significant unexpected difficulties in integrating our business with the businesses of the Boral Target Companies, LASCO and Dimex.
  • The Acquisitions may result in significant charges or other liabilities that could adversely affect the financial results of the combined company.
  • Our level of debt, including that incurred in connection with the Acquisitions, could adversely affect our ability to operate our business.
Management Discussion
  • Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
  • We are a vertically-integrated global manufacturer and marketer of basic chemicals, vinyls, polymers and building products. Our two principal operating segments are Vinyls and Olefins. We use the majority of our internally-produced basic chemicals to produce higher value-added chemicals, polymers and building products.
  • Consumption of the basic chemicals that we manufacture in the commodity portions of our vinyls and olefins processes has increased significantly since we began operations in 1986. Our vinyls and olefins products are some of the most widely used chemicals in the world and are upgraded into a wide variety of higher value-added chemical products used in many end-markets. Chlor-alkali and petrochemicals are typically manufactured in large volume by a number of different producers using widely available technologies. The chlor-alkali and petrochemical industries exhibit cyclical commodity characteristics, and margins are influenced by changes in the balance between supply and demand and the resulting operating rates, the level of general economic activity and the price of raw materials. Due to the significant size of new plants, capacity additions are built in large increments and typically require several years of demand growth to be absorbed. The cycle is generally characterized by periods of tight supply, leading to high operating rates and margins, followed by a decline in operating rates and margins primarily as a result of excess new capacity additions.
Content analysis
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