Dividend Flows Summary: Westlake Chemical Partners LP (NYSE:WLKP) gearing towards $0.34 dividends on Nov 29, 2016.

Dividend Flows Summary: Westlake Chemical Partners LP (NYSE:WLKP) gearing towards $0.34 dividends on Nov 29, 2016.

Westlake Chemical Partners LP (NYSE:WLKP) is expected to pay $0.34 on Nov 29, 2016. The indicated annual dividend is $1.34. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Westlake Chemical Partners LP’s current price of $20.05, the dividend is 1.67%. This dividend’s record date is Nov 14, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.50% or $0.1 on November 7, hitting $20.05. Westlake Chemical Partners LP (NYSE:WLKP) has risen 10.83% since April 5, 2016 and is uptrending. It has outperformed by 8.88% the S&P500.

Westlake Chemical Partners LP is a limited partnership formed by Westlake Chemical Corporation . The company has a market cap of $511.69 million. The Firm operates, acquires and develops ethylene production facilities and other assets. It has a 12.82 P/E ratio. The Company’s business and activities are conducted through Westlake Chemical OpCo LP (OpCo).

Insitutional Activity: The institutional sentiment decreased to 0.68 in 2016 Q2. Its down 0.60, from 1.28 in 2016Q1. The ratio dropped, as 58 funds sold all Westlake Chemical Partners LP shares owned while 94 reduced positions. 37 funds bought stakes while 67 increased positions. They now own 41.72 million shares or 14.19% less from 48.62 million shares in 2016Q1.
The California-based Schwab Charles Investment Mngmt Inc has invested 0.01% in Westlake Chemical Partners LP (NYSE:WLKP). Raymond James And holds 0% or 19,335 shares in its portfolio. Zebra Capital Mngmt Limited Liability Company has 25,171 shares for 0.38% of their US portfolio. Moreover, U S Global has 0.5% invested in Westlake Chemical Partners LP (NYSE:WLKP) for 21,100 shares. Virginia Retirement Et Al, a Virginia-based fund reported 84,500 shares. Canada Pension Plan Invest Board accumulated 0.01% or 54,681 shares. Vanguard Group Inc Inc owns 3.73 million shares or 0.01% of their US portfolio. Moreover, Peak6 Invests Limited Partnership has 0% invested in Westlake Chemical Partners LP (NYSE:WLKP) for 4,838 shares. Center Coast Cap Advsr Lp, a Texas-based fund reported 18,000 shares. Moreover, Bessemer Inc has 0% invested in Westlake Chemical Partners LP (NYSE:WLKP) for 700 shares. Citigroup holds 265,636 shares or 0.01% of its portfolio. Rs Management Limited Liability Corporation holds 66,881 shares or 0.03% of its portfolio. Laurion Management L P last reported 0% of its portfolio in the stock. Tiaa Cref Invest Limited Liability last reported 0.01% of its portfolio in the stock. Dimensional Fund Advsrs Lp holds 0.03% of its portfolio in Westlake Chemical Partners LP (NYSE:WLKP) for 1.27M shares.

Westlake Chemical Partners LP (NYSE:WLKP) Ratings Coverage

Out of 2 analysts covering Westlake Chemical Partners (NYSE:WLKP), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Westlake Chemical Partners has been the topic of 2 analyst reports since August 5, 2015 according to StockzIntelligence Inc. FBR Capital initiated it with “Outperform” rating and $28 target price in Friday, September 9 report. The firm has “Equal Weight” rating given on Wednesday, August 5 by Barclays Capital.

More notable recent Westlake Chemical Partners LP (NYSE:WLKP) news were published by: Reuters.com which released: “BRIEF-Westlake Chemical Partners LP reports Q3 net income attributable to …” on November 08, 2016, also Businesswire.com with their article: “Westlake Chemical Partners LP Announces Third Quarter 2016 Earnings” published on November 08, 2016, Businesswire.com published: “Westlake Chemical Partners LP Announces Third Quarter Distribution” on October 31, 2016. More interesting news about Westlake Chemical Partners LP (NYSE:WLKP) were released by: Prnewswire.com and their article: “Westlake Chemical Partners LP Announces Second Quarter Distribution” published on July 28, 2016 as well as Businesswire.com‘s news article titled: “Westlake Chemical Partners Selects Angela Minas to Join Board of Directors” with publication date: October 11, 2016.

WLKP Company Profile

Westlake Chemical Partners LP, incorporated on March 14, 2014, is a limited partnership formed by Westlake Chemical Corporation (Westlake). The Firm operates, acquires and develops ethylene production facilities and other assets. The Company’s business and activities are conducted through Westlake Chemical OpCo LP (OpCo). OpCo sells ethylene to Westlake and others, as well as sells co-products of ethylene production, including propylene, crude butadiene, pyrolysis gasoline and hydrogen. OpCo’s assets include approximately three ethylene production facilities, which primarily convert ethane into ethylene. OpCo owns approximately two natural gas liquids processing facilities at Westlake’s Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately 2.7 billion pounds.

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