<div id="readability-page-1"><p>Westlake Chemical Partners LP (NYSE:WLKP - Get Free Report)'s share price hit a new 52-week high on Tuesday following a dividend announcement from the company. The company traded as high as $23.60 and last traded at $23.27, with a volume of 28751 shares trading hands. The stock had previously closed at $22.67.The newly announced dividend which will be paid on Monday, June 1st. Stockholders of record on Thursday, May 14th will be given a dividend of $0.4714 per share. This represents a $1.89 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, May 14th. Westlake Chemical Partners's payout ratio is 136.23%.</p><h2>Analyst Ratings Changes</h2><p>Several equities research analysts have recently issued reports on WLKP shares. Weiss Ratings raised shares of Westlake Chemical Partners from a &#34;hold (c)&#34; rating to a &#34;hold (c+)&#34; rating in a research report on Wednesday, April 22nd. Wall Street Zen raised shares of Westlake Chemical Partners from a &#34;buy&#34; rating to a &#34;strong-buy&#34; rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Hold rating,  Based on data from MarketBeat.com, Westlake Chemical Partners presently has a consensus rating of &#34;Hold&#34;.</p><p><b>View Our Latest Report on Westlake Chemical Partners</b></p><h2>Westlake Chemical Partners Trading Up 2.1%</h2><p>The stock has a market capitalization of $815.59 million, a PE ratio of 16.77, a PEG ratio of 0.65 and a beta of 0.52. The company has a quick ratio of 2.74, a current ratio of 2.80 and a debt-to-equity ratio of 0.50. The business's 50-day moving average is $22.26 and its two-hundred day moving average is $20.64. </p><p>Westlake Chemical Partners (NYSE:WLKP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). Westlake Chemical Partners had a net margin of 4.17% and a return on equity of 5.99%.  On average, analysts anticipate that  Westlake Chemical Partners LP will post 1.88 earnings per share for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><p>A number of institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in  Westlake Chemical Partners by 9.1% in the first quarter. Geneos Wealth Management Inc. now owns 6,874 shares of the basic materials company's stock valued at $152,000 after purchasing an additional 572 shares during the period.  Pathway Financial Advisers LLC increased its stake in  Westlake Chemical Partners by 3.1% in the first quarter. Pathway Financial Advisers LLC now owns 106,598 shares of the basic materials company's stock valued at $2,355,000 after purchasing an additional 3,221 shares during the period.  Apollon Wealth Management LLC increased its stake in  Westlake Chemical Partners by 3.4% in the first quarter. Apollon Wealth Management LLC now owns 21,084 shares of the basic materials company's stock valued at $466,000 after purchasing an additional 689 shares during the period.  Virtu Financial LLC acquired a new position in  Westlake Chemical Partners in the fourth quarter valued at $306,000.  Finally, Susquehanna Portfolio Strategies LLC acquired a new position in  Westlake Chemical Partners in the fourth quarter valued at $224,000. 78.28% of the stock is currently owned by institutional investors and hedge funds. </p><h2>Westlake Chemical Partners Company Profile</h2> (Get Free Report)<p>Westlake Chemical Partners LP <span>NYSE: WLKP<span></span></span> is a publicly traded master limited partnership sponsored by Westlake Chemical Corporation. The partnership owns, operates and acquires a portfolio of ethylene and vinyl manufacturing assets throughout the United States and the United Kingdom. As a downstream producer of basic chemicals and intermediates, WLKP supplies key industrial feedstocks to customers in a variety of end markets.  </p><p>WLKP's operations are organized into two primary segments: olefins and vinyls.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Westlake Chemical Partners</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Westlake Chemical Partners Right Now?</h2><p>Before you consider Westlake Chemical Partners, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Westlake Chemical Partners wasn't on the list.</p><p>While Westlake Chemical Partners currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

WLKP

<p>Westlake Chemical Partners (NYSE:WLKP) reached a new 52-week high of $23.60 after announcing a dividend of $0.4714 per share, yielding 8.1%. The stock closed at $23.27 with a trading volume of 28,751 shares. Analysts have given the stock a consensus rating of "Hold". The company reported earnings of $0.40 per share, missing estimates. Institutional investors own 78.28% of the stock. Westlake Chemical operates in the ethylene and vinyl manufacturing sectors, supplying industrial feedstocks.</p>

Westlake Chemical Partners (NYSE:WLKP) Reaches New 52-Week High After Dividend Announcement