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 either a spot or contract basis. Westlake Chemical Partners GP LLC serves as the general partner of the company. The company was founded in 1991 and is headquartered in Houston, Texas.

Westlake Chemical Partners LP

(RTTNews) - Westlake Chemical Partners LP (WLKP) Monday reported net income of $14.99 million or $0.43 per unit for the fourth quarter, slightly higher than $14.29 million or $0.41 per share in the same quarter a year ago.
Revenue for the quarter, however, declined to $290.06 million from $297.27 million in the previous year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Westlake Chemical Partners Q4 Profit Edges Up, But Revenue Declines

The following companies are expected to report earnings prior to market open on 02/24/2025. Visit our Earnings Calendar for a full list of expected earnings releases.
Summit Therapeutics Inc. (SMMT)is reporting for the quarter ending December 31, 2024. The drug company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.08. This value represents a 60.00% decrease compared to the same quarter last year. SMMT missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -14.29%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for SMMT is -76.87 vs. an industry ratio of 0.30.
Domino's Pizza Inc (DPZ)is reporting for the quarter ending December 31, 2024. The restaurant company's consensus earnings per share forecast from the 11 analysts that follow the stock is $4.95. This value represents a 10.49% increase compared to the same quarter last year. In the past year DPZ has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 12.94%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for DPZ is 28.18 vs. an industry ratio of 51.00.
Owens Corning Inc (OC)is reporting for the quarter ending December 31, 2024. The building company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.87. This value represents a 10.59% decrease compared to the same quarter last year. In the past year OC has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 9.23%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for OC is 11.11 vs. an industry ratio of 12.70.
Westlake Corporation (WLK)is reporting for the quarter ending December 31, 2024. The plastics company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.04. This value represents a 44.44% increase compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for WLK is 17.19 vs. an industry ratio of -36.00, implying that they will have a higher earnings growth than their competitors in the same industry.
BioCryst Pharmaceuticals, Inc. (BCRX)is reporting for the quarter ending December 31, 2024. The drug company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.06. This value represents a 78.57% increase compared to the same quarter last year. BCRX missed the consensus earnings per share in the 4th calendar quarter of 2023 by -16.67%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for BCRX is -26.08 vs. an industry ratio of 0.30.
Westlake Chemical Partners LP (WLKP)is reporting for the quarter ending December 31, 2024. The chemical company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.36. This value represents a 12.20% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for WLKP is 15.57 vs. an industry ratio of 16.60.
Clear Channel Outdoor Holdings, Inc. (CCO)is reporting for the quarter ending December 31, 2024. The advertising/marketing company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.01. This value represents a 80.00% decrease compared to the same quarter last year. CCO missed the consensus earnings per share in the 2nd calendar quarter of 2024 by -50%. Zacks Investment Research reports that the Price to Earnings ratio for CCO is 0.00 vs. an industry ratio of -7.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Lincoln Educational Services Corporation (LINC)is reporting for the quarter ending December 31, 2024. The education (school) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.29. This value represents a 9.38% decrease compared to the same quarter last year. LINC missed the consensus earnings per share in the 3rd calendar quarter of 2024 by -7.14%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for LINC is 32.65 vs. an industry ratio of 23.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Freightos Limited (CRGO)is reporting for the quarter ending December 31, 2024. The financial transactions company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.09. This value represents a 50.00% decrease compared to the same quarter last year. CRGO missed the consensus earnings per share in the 2nd calendar quarter of 2024 by -10%. Zacks Investment Research reports that the 2024 Price to Earnings ratio for CRGO is -11.71 vs. an industry ratio of -17.60, implying that they will have a higher earnings growth than their competitors in the same industry.
EuroDry Ltd. (EDRY)is reporting for the quarter ending December 31, 2024. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.07. This value represents a 110.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2024 Price to Earnings ratio for EDRY is -3.78 vs. an industry ratio of 10.60.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for February 24, 2025 : SMMT, DPZ, OC, WLK, BCRX, WLKP, CCO, LINC, CRGO, EDRY

Looking at the universe of stocks we cover at Dividend Channel, on 2/7/25, Westlake Chemical Partners LP (Symbol: WLKP), Howmet Aerospace Inc (Symbol: HWM), and Hexcel Corp. (Symbol: HXL) will all trade ex-dividend for their respective upcoming dividends. Westlake Chemical Partners LP will pay its quarterly dividend of $0.4714 on 2/25/25, Howmet Aerospace Inc will pay its quarterly dividend of $0.10 on 2/25/25, and Hexcel Corp. will pay its quarterly dividend of $0.17 on 2/14/25. As a percentage of WLKP's recent stock price of $24.84, this dividend works out to approximately 1.90%, so look for shares of Westlake Chemical Partners LP to trade 1.90% lower — all else being equal — when WLKP shares open for trading on 2/7/25. Similarly, investors should look for HWM to open 0.08% lower in price and for HXL to open 0.27% lower, all else being equal.
Below are dividend history charts for WLKP, HWM, and HXL, showing historical dividends prior to the most recent ones declared.
Westlake Chemical Partners LP (Symbol: WLKP):
Howmet Aerospace Inc (Symbol: HWM):
Hexcel Corp. (Symbol: HXL):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 7.59% for Westlake Chemical Partners LP, 0.32% for Howmet Aerospace Inc, and 1.06% for Hexcel Corp..
In Wednesday trading, Westlake Chemical Partners LP shares are currently up about 1.4%, Howmet Aerospace Inc shares are down about 0.7%, and Hexcel Corp. shares are off about 0.9% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: Westlake Chemical Partners, Howmet Aerospace and Hexcel

The IBM board of directors today declared a regular quarterly cash dividend of $1.67 per common share, March 10, 2025 to stockholders of record February 10, 2025. With the payment of the March 10 dividend, IBM will have paid consecutive quarterly dividends every year since 1916.
Hess Midstream, today announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.7012 per Class A share for the quarter ended December 31, 2024, an increase of $0.0166 per Class A share as compared with the third quarter of 2024. This increase is supported by excess adjusted free cash flow after distributions from the reduction in total units following Hess Midstream's accretive $100 million unit repurchase in January 2025 and, on an annualized basis, is significantly above Hess Midstream's targeted 5% growth in annual distributions per Class A share through 2026.The quarterly distribution will be payable on February 14, 2025, to Class A shareholders of record as of the close of business on February 6, 2025.
The Board of Directors of Westlake Chemical Partners has declared a distribution of $0.4714 per unit. This is the 42nd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 25, 2025, to unit holders of record on February 7, 2025.
The board of directors of Kimberly-Clark has declared an increased quarterly dividend of $1.26 per share, a level 3.3 percent higher than its previous regular quarterly payout. The dividend is payable on April 2, 2025, to stockholders of record at the close of business on March 7, 2025. This represents the 53rd consecutive year that the company has increased its dividend to shareholders.
Norfolk Southern announced today a quarterly dividend of $1.35 per share on its common stock. The dividend is payable Feb. 20, 2025, to shareholders of record on Feb. 7, 2025. The company has paid a dividend on its common stock for 170 consecutive quarters since its formation in 1982.
VIDEO: Daily Dividend Report: IBM,HESM,WLKP,KMB,NSC
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Daily Dividend Report: IBM,HESM,WLKP,KMB,NSC

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the FT Energy Income Partners Enhanced Income ETF (Symbol: EIPI), we found that the implied analyst target price for the ETF based upon its underlying holdings is $21.17 per unit.
With EIPI trading at a recent price near $19.25 per unit, that means that analysts see 9.96% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EIPI's underlying holdings with notable upside to their analyst target prices are Plains All American Pipeline LP (Symbol: PAA), Westlake Chemical Partners LP (Symbol: WLKP), and Energy Transfer LP (Symbol: ET). Although PAA has traded at a recent price of $16.75/share, the average analyst target is 21.27% higher at $20.31/share. Similarly, WLKP has 20.27% upside from the recent share price of $22.45 if the average analyst target price of $27.00/share is reached, and analysts on average are expecting ET to reach a target price of $19.38/share, which is 18.34% above the recent price of $16.38. Below is a twelve month price history chart comparing the stock performance of PAA, WLKP, and ET:
Combined, PAA, WLKP, and ET represent 7.83% of the FT Energy Income Partners Enhanced Income ETF. Below is a summary table of the current analyst target prices discussed above:
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
Also see:
Jeremy Grantham Stock Picks
WNRL Historical Stock Prices
Top Ten Hedge Funds Holding PAUG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

EIPI's Underlying Holdings Imply 10% Gain Potential

High-yielding stocks can be attractive at face value, but remember, low trading prices can sway yield numbers—and at the end of the day, you'd still want your dividend stocks to increase in value, not decrease. Today, I scanned the market for high-yielding stocks trading near 52-week lows and added a couple of surprise screening criteria to signal I'm getting the ones with the highest chances of going up.
If that's something you're interested in, read on.
How I Screened For The Following Stocks
Using Barchart Screener, I added two basic filters:
Annual Dividend Yield (%): Set to 5% or higher. On average, a dividend yield of 2% to 5% is considered good. But what fun would that be if we aim for average rates? That’s why I set the screener to look for stocks that have 5% or more yields.
Percent From Low: Set to a maximum of 20% above the 1-year or 52-week low. For this scan, I wanted stocks trading near their annual low point. That assures me that the resulting companies will have ample room for capital appreciation, at least from a historical trading perspective.
These two metrics are rather common and can be found on pretty much any financial market data site, available for everyone to see. But that’s not enough for me. What would be the point of presenting stock analyses that anyone and their grandma can get from a 30-second Google search?
Thankfully, Barchart has a feature that allows me to screen my results with even further granularity using analysis tools available only on the site. Barchart Opinion is an exclusive analysis tool that runs stocks through 13 technical analysis indicators to form a composite view of the stock’s current direction and directional momentum or strength.
So, I added the following filters:
Overall Buy/Hold/Sell Signal: Set it to “Buy” because I want buy-rated stocks.
Overall Opinion Direction: Set to Strengthening to Top 1%. This filter indicates the potential continuation of the stock’s current direction. So, the stronger it is, the longer the trend will likely go.
Overall Opinion Strength: Set to Strong to Top 1%. The opinion strength interprets technical analysis information to predict how much momentum the stock has behind its current direction, a potential predictor of how high it could go.
Overall Opinion Strength %: Set to greater than 99%. This way, I only get 100% strength value stocks, giving me more confidence about my picks.
With this combination of filters, I can get a list of high-dividend stocks that essentially use their 52-week lows as springboards for a strong upward jump.
After clicking “See Results,” I got five hits out of thousands of stocks from major indices and OTC markets.
Then, I arranged the list from highest to lowest dividend yields and took the top three.
So, let’s start with:
Kimbell Royalty Partners (KRP)
Kimbell Royalty Partners purchases and owns various oil and mineral assets and earns through royalty assets. The company owns mineral and royalty interests across approximately 17 million gross acres in 28 states, including ownership in more than 129,000 gross wells, and owns interests in all major onshore oil and gas basins in the United States.
Kimbell Royalty pays 49 cents per share in quarterly dividends, totaling $1.96 annually. This translates to an impressive 11.66%, earning it the top spot on this list. It also has a 100% strong buy signal overall from Barchart Opinion. KRP stock trades at 19.90% above its 52-week low, making it a potentially cheap buy.
Westlake Chemical Partners LP (WLKP)
Westlake Chemical Partners is a petrochemical company that produces and markets ethylene and develops and operates ethylene production facilities in Kentucky and Louisiana. These facilities produce approximately 3.7 billion pounds of ethylene annually.
WLKP stock pays 47.14 cents in quarterly dividends, which equates to roughly $1.89 annually and an 8.18% yield. Another attractive factor is that it’s trading 10.14% above its 52-week low, and its direction is “strengthening,” according to Barchart Opinion.
Enterprise Products Partners LP (EPD)
Enterprise Products Partners is a frequent member of my highest-yielding stocks list. The company operates as a midstream energy services provider, which means it connects natural gas, crude oil, and refined products producers to consumers in the northern United States and international markets.
EPD stock pays 52.5 cents quarterly or $2.10 annually, translating to a respectable 7.10% yield and earning it the third spot in this list. While the stock is making some headway in improving performance, it is still trading at 15.42% above its 52-week low. Given its positive strength and direction based on Barchart Opinion, it still has a lot of room for growth.
Final Thoughts
Barchart Opinion can be a powerful tool when looking for top-shelf, high-yield stocks to buy, especially when combined with the 52-week low filter. Try it for yourself sometimes—along with your typical due diligence, of course—and you might be pleasantly surprised with the results.
On the date of publication, Rick Orford did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 High Dividend Stocks Beginning To Breakout Off Their 52-Week Lows

Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.
On Thursday, Entravision Communications' Chief Executive Officer, Michael J. Christenson, made a $167,250 buy of EVC, purchasing 100,000 shares at a cost of $1.67 a piece. Entravision Communications is trading off about 8.1% on the day Thursday.
And on Wednesday, SVP Andrew Kenner purchased $111,500 worth of Westlake Chemical Partners, purchasing 5,000 shares at a cost of $22.30 a piece. Before this latest buy, Kenner bought WLKP on 12 other occasions during the past twelve months, for a total cost of $1.93M at an average of $22.24 per share. Westlake Chemical Partners is trading up about 1.3% on the day Thursday. So far Kenner is in the green, up about 1.7% on their buy based on today's trading high of $22.69.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Thursday 3/7 Insider Buying Report: EVC, WLKP

Looking at the universe of stocks we cover at Dividend Channel, on 2/1/24, Wells Fargo & Co (Symbol: WFC), Norfolk Southern Corp (Symbol: NSC), and Westlake Chemical Partners LP (Symbol: WLKP) will all trade ex-dividend for their respective upcoming dividends. Wells Fargo & Co will pay its quarterly dividend of $0.35 on 3/1/24, Norfolk Southern Corp will pay its quarterly dividend of $1.35 on 2/20/24, and Westlake Chemical Partners LP will pay its quarterly dividend of $0.4714 on 2/20/24. As a percentage of WFC's recent stock price of $50.35, this dividend works out to approximately 0.70%, so look for shares of Wells Fargo & Co to trade 0.70% lower — all else being equal — when WFC shares open for trading on 2/1/24. Similarly, investors should look for NSC to open 0.57% lower in price and for WLKP to open 1.99% lower, all else being equal.
Below are dividend history charts for WFC, NSC, and WLKP, showing historical dividends prior to the most recent ones declared.
Wells Fargo & Co (Symbol: WFC):
Norfolk Southern Corp (Symbol: NSC):
Westlake Chemical Partners LP (Symbol: WLKP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.78% for Wells Fargo & Co, 2.27% for Norfolk Southern Corp, and 7.98% for Westlake Chemical Partners LP.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Wells Fargo & Co shares are currently up about 0.1%, Norfolk Southern Corp shares are up about 1.8%, and Westlake Chemical Partners LP shares are up about 1.7% on the day.
Also see:
FINW Next Earnings Date
Top Ten Hedge Funds Holding BSJG
Funds Holding HTWR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Ex-Dividend Reminder: Wells Fargo, Norfolk Southern and Westlake Chemical Partners

As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
At Westlake Chemical Partners, a filing with the SEC revealed that on Monday, SVP, Olefin Material, Andrew Kenner purchased 10,000 shares of WLKP, at a cost of $22.02 each, for a total investment of $220,180. Investors can pick up WLKP even cheaper than Kenner did, with the stock changing hands as low as $21.45 in trading on Wednesday -- that's 2.6% below Kenner's purchase price. Westlake Chemical Partners is trading trading flat on the day Wednesday. Before this latest buy, Kenner bought WLKP at 11 other times during the past twelve months, for a total investment of $1.61M at an average of $22.45 per share.
And also on Monday, CEO William H. Lenehan bought $198,450 worth of Four Corners Property Trust, buying 9,000 shares at a cost of $22.05 a piece. Before this latest buy, Lenehan purchased FCPT at 2 other times during the past year, for a total investment of $448,210 at an average of $26.02 per share. Four Corners Property Trust is trading up about 0.7% on the day Wednesday. Bargain hunters can pick up FCPT even cheaper than Lenehan did, with shares trading as low as $21.70 at last check today which is 1.6% below Lenehan's purchase price.
VIDEO: Wednesday 11/8 Insider Buying Report: WLKP, FCPT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Westlake Chemical Partners LP

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