Fixed ethylene margins kept cash flow steady through the quarter.
WLKP WESTLAKE CHEMICAL PARTNERS LP
XNYS 21.10 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
WLKP
$21.10
—
What changed
Recent filings, trades and movesKey stats
$21.10
- 52-Week Range
- $17.75 – $23.88
- YTD
- +11.35%
- Straddle Price
- $7.35
- P/C Vol Ratio
- 0.96
- Market Cap
- $0.7B
- Open
- $21.10
- Day Range
- $21.04 – $21.32
- Volume
- 18,223
- Prev Close
- $21.19
Fair Value
+50.0% vs price
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.90% |
| Beta vs SPY | 0.59 |
| Cost of Equity (CAPM) | 7.85% (VRP-adj) |
| WACC | 7.42% |
| Volatility Risk Premium | +46.6pp (IV − HV30) |
| Effective Tax Rate | 0.2% |
| Rev. Growth (YoY, DCF input) | -2.7% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $0.4B |
| Return on Equity (TTM) | 23.3% |
| Book / Price | 103.1% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 31.4% |
| FCF Margin (TTM) | 35.8% |
| Debt / Equity | 0.52 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $21.36 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $21.16 |
| Bollinger Width / SMA20 | 5.3% (drives anchor stability) |
| Net Debt | $0.4B |
| Market Cap | $1B |
Peers used for multiples: EPD, ET, MPLX, PAA, SXC, UAN
(filtered from 8 ETF-co-members; sector bias active)
Blended Fair Value
$61.71
Deviation
+50.0%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $180.24 | 20% | |
| DDM (Gordon) | $21.83 | 16% | |
| Peer P/E | $19.99 | 9% | median 12.0× · 5 peers |
| Peer EV/EBITDA | $112.25 | 9% | median 8.7× · 6 peers |
| Peer P/B | $48.84 | 2% | median 2.2× · 6 peers |
| Peer P/S | $32.55 | 6% | median 0.9× · 6 peers |
| Market Anchor (SMA50) | $21.36 | 39% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $20.16 | 0% | 5 strikes · skew -0.40 |
As of 2026-11-09 · updated
Related
About
- Industry (SIC)
- INDUSTRIAL ORGANIC CHEMICALS (2860) · industry map
- Exchange
- XNYS
- Market Cap
- $0.7B
- List Date
- 2014-07-30
- CIK
- 0001604665
- Last Earnings
- Nov 4 before open · −0.8% vs ±12.4% expected
- Next Earnings
- ~Feb 23, 2027 (estimated)
- Headquarters
- Houston, TX
- Homepage
- https://www.wlkpartners.com
Westlake Chemical Partners LP is a part of the chemical industry in the United States. Its operations are conducted through OpCo, it acquires and develops ethylene production facilities, which convert ethane into ethylene. OpCo sells ethylene and its co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen, to Westlake and other customers located in the United States. Its assets include three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 5.68% | 3.41% | 12.70% | 7.84% | 6.09% | 13.25% | 8.16% |
| Feb | -3.37% | -1.79% | -7.69% | -5.00% | -2.04% | 0.41% | -3.25% |
| Mar | 2.52% | 4.07% | -3.34% | -0.85% | -3.31% | -0.45% | -0.23% |
| Apr | 11.40% | -0.15% | 0.81% | -1.66% | 0.65% | 2.95% | 2.33% |
| May | 0.30% | -0.04% | -2.54% | 6.42% | -7.06% | -0.26% | -0.53% |
| Jun | -0.26% | -6.42% | -2.25% | -2.55% | 0.27% | -3.97% | -2.53% |
| Jul | -1.00% | 2.26% | 1.61% | 1.19% | -0.94% | -2.83% | 0.05% |
| Aug | -3.38% | -6.72% | 0.66% | -0.92% | 1.24% | 1.74% | -1.23% |
| Sep | -7.73% | -9.78% | -3.89% | -1.41% | -5.02% | -2.44% | -5.04% |
| Oct | 5.63% | 1.94% | -0.92% | 0.45% | -9.89% | 0.00% | -0.47% |
| Nov | -10.86% | -2.07% | 2.81% | 6.35% | 1.55% | -3.08%* | -0.88% |
| Dec | 18.27% | 1.29% | -4.46% | -2.94% | 0.96% | -- | 2.62% |
| Total | 14.67% | -14.09% | -7.61% | 6.17% | -17.06% | 4.34% | -2.26% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $21.16
SMA 50: $21.35
SMA 200: $22.00
Current: $21.13
EMA 12: $21.30
EMA 26: $21.28
MACD: 0.0194 | Signal: 0.0209
BEARISH
ADX (14): 17.19
RANGE
+DI: 16.68
−DI: 13.87
Momentum Oscillators
RSI (14): 45.48
NEUTRAL
Stoch %K: 35.43
Stoch %D: 51.24
Williams %R: -73.24
Volume & Volatility
BB Upper: $21.72
BB Lower: $20.61
NEUTRAL
OBV: -1,410,161
Vol SMA 20: 18,275
Vol ROC: 90.72%
ATR: $0.39
True Range: $0.28
HV 20: 13.3%
HV 30: 12.6%
HV 60: 10.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-11-08T00:00:00 – 2026-11-06T00:00:00
AI Analysis
Written before WLKP’s Nov 4 earnings report, so it doesn’t reflect the results.
LLM Stock Analysis Report: WLKP
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10)
Key drivers:
- Technical indicators suggest a neutral-to-bearish trend, with short-term momentum slowing down
- Recent earnings miss weighs on sentiment, but insider buying and positive news headlines offer some support
- Low volatility and beta indicate relatively low risk
Primary risks:
- Further earnings misses or guidance revisions could lead to downward pressure
- If the options market continues to price in significant volatility, it may not be justified by the stock's historical movement
Investment thesis: WLKP is trading at a discount relative to its peers, with potential for mean reversion and upside as the company executes on its strategy. However, recent earnings misses and guidance revisions pose a risk to the thesis.
Recent news sentiment impact:
- Positive news headlines from Q1 2026 earnings transcript and insider buying have partially offset the negative impact of the earnings miss
- The overall news sentiment is NEUTRAL, with no significant catalysts in the near term
Technical Analysis
Trend Direction: Neutral-to-bearish short-term (1-4 weeks), Medium-term (1-3 months)
Support/Resistance Levels:
- SMA 20: $23.00 - key resistance
- SMA 50: $22.87 - minor support
- Lower Bollinger Band: $22.38 - potential support
Momentum Signals:
- RSI interpretation: Neutral (37.43)
- MACD signal: Bearish (-0.09 / Signal: -0.09 / Histogram: -0.00)
- Bollinger Bands position: Squeeze, potentially leading to a breakout or mean reversion
Volume Analysis:
- Volume SMA 20: 23649.85 - increasing volume indicates institutional interest
- On-Balance Volume (OBV): -1170409.94 - suggests accumulation is slowing down
- Volume Rate of Change: -98.58% - moderate selling pressure
News & Sentiment Analysis
Recent Headlines Summary:
- Q1 2026 earnings transcript highlighted positive trends and strong cash flow
- Earnings miss weighed on sentiment, but insider buying provided some support
- No significant news catalysts in the near term
Sentiment Assessment: NEUTRAL (mix of positive and negative headlines)
Catalyst Identification:
- Upcoming earnings release could provide a near-term catalyst
- Product launches or partnerships may offer medium-term opportunities
Market Narrative:
- Technical signals are generally bearish, but positive news headlines and insider buying suggest some support
- The options market is pricing in significant volatility, which may not be justified by the stock's historical movement
Risk & Volatility Assessment
Risk Interpretation: Low (beta 0.28, volatility 0.19)
Volatility Regime:
- Current vs historical volatility levels: relatively low
Options Market Signals:
- IV rank: 64.2% (Medium)
- Put/Call volume ratio: 0.07 (Bullish sentiment)
- Options market is pricing in a $0.00 move by expiration, which may not be justified by the stock's historical movement
Downside Protection:
- Support levels and risk management considerations:
- SMA 50: $22.87
- Lower Bollinger Band: $22.38
Market Context & Positioning
Sector Performance:
- Energy sector has been relatively weak, potentially weighing on WLKP's performance
Institutional Activity:
- Increasing volume suggests institutional interest in the stock
Correlation Analysis:
- Stock moves relatively less than market (R-squared interpretation: 0.18)
Relative Valuation:
- Position within trading range: WLKP is trading near its SMA 50 and lower Bollinger Band, indicating a potential area of support
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $23.00
- SMA 50: $22.87
- Lower Bollinger Band: $22.38
Breakout/Breakdown Levels:
- SMA 200: $21.16 - potential area of support
Time-Sensitive Catalysts:
- Upcoming earnings release could provide a near-term catalyst
Risk Management:
- Stop-loss levels and position sizing considerations:
- Place stop-loss above SMA 50
- Use position sizing to manage risk
By analyzing the data, I conclude that WLKP is trading in a neutral-to-bearish trend, with low volatility and beta indicating relatively low risk. The recent earnings miss weighs on sentiment, but positive news headlines and insider buying offer some support. The options market is pricing in significant volatility, which may not be justified by the stock's historical movement. As such, I recommend a cautious approach, focusing on mean reversion and upside potential as the company executes on its strategy.
Generated
News
All WLKP news →
Earnings History
18 of 19 under expected move
Avg Expected Move
10.62%
Avg Actual Move
1.35%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-23 | Pre-Market | 2.74% | 2.11% | 0.77x | Within |
| 2021-05-04 | Pre-Market | 7.77% | 0.11% | 0.01x | Within |
| 2021-08-03 | Pre-Market | 21.08% | 0.04% | 0.00x | Within |
| 2022-05-03 | Pre-Market | 1.43% | 4.11% | 2.87x | Exceeded |
| 2022-11-03 | Pre-Market | 2.33% | 0.95% | 0.41x | Within |
| 2023-05-04 | Pre-Market | 6.87% | 2.93% | 0.43x | Within |
| 2023-08-03 | Pre-Market | 4.51% | 1.05% | 0.23x | Within |
| 2023-11-02 | Pre-Market | 7.85% | 3.22% | 0.41x | Within |
| 2024-05-01 | Pre-Market | 4.25% | 0.46% | 0.11x | Within |
| 2024-08-06 | Pre-Market | 3.41% | 1.32% | 0.39x | Within |
| 2024-11-05 | Pre-Market | 3.67% | 0.04% | 0.01x | Within |
| 2025-02-24 | Pre-Market | 4.34% | 0.83% | 0.19x | Within |
| 2025-05-02 | Pre-Market | 21.85% | 2.23% | 0.10x | Within |
| 2025-08-05 | Pre-Market | 5.73% | 0.96% | 0.17x | Within |
| 2025-10-30 | Pre-Market | 22.69% | 0.00% | 0.00x | Within |
| 2026-02-24 | Pre-Market | 9.30% | 3.95% | 0.42x | Within |
| 2026-05-05 | Pre-Market | 13.01% | 0.44% | 0.03x | Within |
| 2026-08-04 | Pre-Market | 46.54% | 0.14% | 0.00x | Within |
| 2026-11-04 | Pre-Market | 12.40% | 0.78% | 0.06x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
WLKP Options Activity & IV Rank
Volatility Metrics
Current IV: —
7-DTE IV: —
Expected Move: $7.35
7-DTE Move: $5.25
Days to Exp: 39 (2026-12-18)
Options Flow · All expiries
Call Volume: 68
Put Volume: 65
P/C Volume: 0.956
NEUTRAL
Call OI: 759
Put OI: 291
P/C OI: 0.383
Total OI: 1,050
ATM Options Pricing
ATM Call: $2.35
ATM Put: $5.00
Call %: 11.1%
Put %: 23.7%
Chain Summary
Chain Volume: 133
Chain OI: 1,050
Last Updated: 11/9/2026
Spread Scanner
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Calendars: the long leg is valued at the short leg’s expiration (Black-Scholes at its current IV) across the range of prices the short leg’s IV implies, giving the best-case profit (R/R = that over the debit) and P(profit).
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Scanning bull put, bear call, iron condor and calendar spreads…
Dealer Positioning
LOW γ vs HISTORY
Estimated net dealer gamma is at the 9th percentile of this name's own daily history, near the low end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
9%
vs own history
GEX tilt
-0.01
OI-weighted, today
Vanna tilt
+0.75
δ-sensitivity to IV
Charm tilt
-0.79
δ-decay vs time
Vanna tilt +0.75: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.79: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 6 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Loading the implied volatility surface…
Volatility Smile
Loading the implied volatility smile…
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)$7.35Nov 9
Beta Analysis
Risk Metrics
Beta: 0.1768
Alpha: 11.83%
Correlation: 0.1329
R-Squared: 1.8%
Stock Volatility: 18.3%
Market Volatility: 13.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own WLKP
2 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $252K | #5253 of 6285 | -60.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $6K | #4171 of 4729 | +152.2% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
WLKP Institutional Ownership (13F)
Filings for 2026-06-30 · 19 already for 2026-09-30
? 13F Guide
Diluted shares outstanding: 35,247,045 (as of 2026-09-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
4 filers$1.74M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.08M | 62.30% | 2026-06-30 |
| 2 | Jane Street Group, LLC Custodian | $309.41K | 17.78% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $291.61K | 16.76% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $55.12K | 3.17% | 2026-09-30 |
1 filers$4.24K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Simplex Trading, LLC Custodian | $4.24K | 100.00% | 2026-09-30 |
WLKP Insider Trading (Form 4)
Latest: 2026-08-13Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-08-13 | G Stephen Finley | Director | Grant (A) | +5,044 RSU | — | EDGAR | |
| 2026-08-13 | Randy Woelfel | Director | Grant (A) | +5,044 RSU | — | EDGAR | |
| 2026-08-13 | Lisa A. Friel | Director | Grant (A) | +5,044 RSU | — | EDGAR | |
| 2026-08-07 | Randy Woelfel | Director | Mixed Disp −5,005 · Exer +5,005 |
— | $21.35 | -$106.9K | EDGAR |
| 2026-08-07 | Lisa A. Friel | Director | Mixed Disp −2,502 · Exer +5,005 |
+2,503 | $21.35 | -$53.4K | EDGAR |
| 2026-08-07 | G Stephen Finley | Director | Exer (M) | +5,005 | — | EDGAR | |
| 2025-08-29 | Jean-Marc Gilson | President and CEO | Buy (P) | +95 | $21.25 | $2.0K | EDGAR |
| 2025-08-28 | Jean-Marc Gilson | President and CEO | Buy (P) | +320 | $22.95 | $7.3K | EDGAR |
| 2025-08-28 | Jean-Marc Gilson | President and CEO | Buy (P) | +7,461 | $21.93 | $163.6K | EDGAR |
| 2025-08-08 | Lisa A. Friel | Director | Mixed Exer +4,882 · Disp −2,441 |
+2,441 | $21.96 | -$53.6K | EDGAR |
| 2025-08-08 | Randy Woelfel | Director | Mixed Disp −4,882 · Exer +4,882 |
— | $21.96 | -$107.2K | EDGAR |
| 2025-08-08 | G Stephen Finley | Director | Exer (M) | +4,882 | — | EDGAR | |
| 2025-05-30 | James Chao | Senior Chairman | Sell (S) | −3,700 | $22.10 | -$81.8K | EDGAR |
| 2025-05-29 | James Chao | Senior Chairman | Sell (S) | −10,208 | $22.14 | -$226.0K | EDGAR |
| 2024-09-03 | Jean-Marc Gilson | President and CEO | Buy (P) | +1,000 | $22.83 | $22.8K | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
WLKP Insider Holdings
5 insiders · @ $21.13
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | James Chao | Senior Chairman | 15,524,099 | $328.00M | $1.43M | 7 | 2025-05-30 |
| 2 | G Stephen Finley | Director | 36,935 | $780.4K | $93.9K | 12 | 2026-08-13 |
| 3 | Randy Woelfel | Director | 28,918 | $611.0K | $166.0K | 15 | 2026-08-13 |
| 4 | Lisa A. Friel | Director | 12,168 | $257.1K | $0 | 8 | 2026-08-13 |
| 5 | Jean-Marc Gilson | President and CEO | 11,803 | $249.4K | $262.8K | 6 | 2025-08-29 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
WLKP Board & Officers
As of SEC filings through Aug 31, 2026Directors 6
- James Chao · since Jul 29, 2014
- Randy Woelfel · since Nov 8, 2019
- G Stephen Finley · since Mar 24, 2020
- Lisa A. Friel · since Apr 27, 2023
- Jean-Marc Gilson · since Jul 15, 2024
- Jonathan Baksht · since Jun 15, 2026
Officers 5
- Jean-Marc Gilson · President and CEO · since Jul 15, 2024
- Jonathan Baksht · SVP and CFO · since Jun 15, 2026
- James Chao · Senior Chairman · listed since May 2025
- Amy Ellender Moore · VP, Olefins & Polyethylene · since Aug 6, 2025
- Tommy Darby · VP and CAO · since Aug 31, 2026
Changes in the last 10 years (30)
| Aug 31, 2026 | Tommy Darby became VP and CAO |
| Jun 15, 2026 | Jonathan Baksht became a director |
| Jun 15, 2026 | Jonathan Baksht became SVP and CFO |
| Aug 6, 2025 | Amy Ellender Moore became VP, Olefins & Polyethylene |
| May 29, 2025 | James Chao no longer listed as a 10% owner in SEC filings |
| May 29, 2025 | James Chao listed as Senior Chairman (previously Chairman) in SEC filings |
| Jul 15, 2024 | Jean-Marc Gilson became a director |
| Jul 15, 2024 | Jean-Marc Gilson became President and CEO |
| May 8, 2024 | Jeffrey Adam Holy became VP and CAO |
| Apr 27, 2023 | Lisa A. Friel became a director |
| Mar 3, 2023 | The company announced the departure of Angela A Minas from the board in an SEC filing |
| Jun 2, 2022 | James Chao first listed as Chairman in an SEC filing |
| Mar 1, 2022 | Andrew Kenner became SVP, Olefin Material & Corp Pr |
| Jan 1, 2021 | Thomas J. Janssens became VP, Olefins Feedstock & Energy |
| Mar 31, 2020 | Johnathan Stevan Zoeller became VP and CAO |
| Mar 24, 2020 | G Stephen Finley became a director |
| Nov 8, 2019 | Randy Woelfel became a director |
| Oct 16, 2017 | Stephen A Schwarzman became a 10% owner |
| Oct 16, 2017 | Harvest Fund Holdco L.P. became a 10% owner |
| Oct 16, 2017 | Harvest Fund Advisors LLC became a 10% owner |
| Oct 16, 2017 | Blackstone Intermediary Holdco L.L.C. became a 10% owner |
| Oct 16, 2017 | Blackstone Holdings I/II GP Inc became a 10% owner |
| Oct 16, 2017 | Blackstone Holdings I L.P. became a 10% owner |
| Oct 16, 2017 | Blackstone Harvest Holdco L.L.C. became a 10% owner |
| Oct 16, 2017 | Blackstone Group Management L.L.C. became a 10% owner |
| Oct 16, 2017 | Blackstone Group L.P. became a 10% owner |
| Oct 16, 2017 | Blackstone Advisory Services L.L.C. became a 10% owner |
| Oct 16, 2017 | Blackstone Advisory Partners L.p. became a 10% owner |
| Aug 31, 2017 | Westlake Olefins Corp first listed as a 10% owner in an SEC filing |
| Aug 31, 2017 | Westlake Chemical Corp first listed as a 10% owner in an SEC filing |
Not reported recently (29)
- Andrew Kenner · Last reported as SVP, Olefin Material & Corp Pr in an SEC filing dated Aug 14, 2024
- Jeffrey Adam Holy · Last reported as VP and CAO in an SEC filing dated May 9, 2024
- Thomas J. Janssens · Last reported as VP, Olefins Feedstock & Energy in an SEC filing dated Jan 4, 2021
- Johnathan Stevan Zoeller · Last reported as VP and CAO in an SEC filing dated Mar 31, 2020
- Albert Chao · Last reported as a director in an SEC filing dated Mar 25, 2020
- L. Benjamin Ederington · Last reported as a director in an SEC filing dated Mar 23, 2020
- Mark Steven Bender · Last reported as a director in an SEC filing dated Mar 16, 2020
- Lawrence E. Teel · Last reported as SVP, Olefins in an SEC filing dated Mar 12, 2020
- George J Mangieri · Last reported as VP & Chief Accounting Officer in an SEC filing dated Nov 12, 2019
- Max L Lukens · Last reported as a director in an SEC filing dated Aug 21, 2019
- David Lumpkins · Last reported as a director in an SEC filing dated Aug 21, 2019
- Ttwfgp LLC · Last reported as a 10% owner in an SEC filing dated Apr 1, 2019
- Blackstone Advisory Partners L.p. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Blackstone Advisory Services L.L.C. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Harvest Fund Holdco L.P. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Blackstone Holdings I/II GP Inc · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Blackstone Harvest Holdco L.L.C. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Blackstone Intermediary Holdco L.L.C. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Blackstone Holdings I L.P. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Harvest Fund Advisors LLC · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Blackstone Group Management L.L.C. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Stephen A Schwarzman · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Blackstone Group L.P. · Last reported as a 10% owner in an SEC filing dated Oct 26, 2017
- Westlake Polymers LLC · Last reported as a 10% owner in an SEC filing dated Aug 31, 2017
- Westlake Olefins Corp · Last reported as a 10% owner in an SEC filing dated Aug 31, 2017
- Ttwf LP · Last reported as a 10% owner in an SEC filing dated Aug 31, 2017
- Wpt LLC · Last reported as a 10% owner in an SEC filing dated Aug 31, 2017
- Westlake Chemical Corp · Last reported as a 10% owner in an SEC filing dated Aug 31, 2017
- Westlake Chemical Investments, Inc. · Last reported as a 10% owner in an SEC filing dated Aug 31, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
WLKP Proposed Insider Sales (Form 144)
Latest: 2025-08-15
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2025-08-15 | Ronald Bruce Northcutt | Director | 12,000 | $263.4K | 2025-08-15 | UBS Financial Services Inc | — | EDGAR |
| 2025-05-27 | Chao James | Director | 13,908 | $308.5K | 2025-05-27 | Merrill Lynch | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-11-04
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|
ETF Holders
4 ETFs hold WLKP
4 shown · $43.30M total exposure · 0.53% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | EMLP First Trust North American Energy Infrastructure Fund | First Trust | 0.54% | $22.3M | $4.1B | 2026-11-06 |
| 2 | DIV Global X SuperDividend U.S. ETF | Global X | 2.05% | $15.6M | — | 2026-11-06 |
| 3 | EIPI FT Energy Income Partners Enhanced Income ETF | First Trust | 0.48% | $5.1M | $1.1B | 2026-11-06 |
| 4 | GYLD Arrow Dow Jones Global Yield ETF | Nport | 0.62% | $230,228 | — | 2026-07-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
12.66
TTM Diluted EPS
$1.67
TTM Revenue
$1.24B
TTM Net Income
$59.16M
TTM Op. Cash Flow
$482.58M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q3 '26 | 2026-09-30 | $314.46M | $16.22M | $0.46 | $122.16M |
| Q2 '26 | 2026-06-30 | $297.10M | $14.24M | $0.40 | $129.85M |
| Q1 '26 | 2026-03-31 | $305.68M | $14.17M | $0.40 | $110.20M |
| Q4 '25 | 2025-12-31 | $323.05M | $14.54M | $0.41 | $120.38M |
| Q3 '25 | 2025-09-30 | $308.90M | $14.65M | $0.42 | $105.24M |
| Q2 '25 | 2025-06-30 | $297.12M | $14.56M | $0.41 | $9.07M |
| Q1 '25 | 2025-03-31 | $237.63M | $4.95M | $0.14 | $45.78M |
| Q4 '24 | 2024-12-31 | $290.06M | $15.00M | $0.42 | $132.47M |
| Q3 '24 | 2024-09-30 | $277.00M | $18.14M | $0.51 | $126.07M |
| Q2 '24 | 2024-06-30 | $284.17M | $14.43M | $0.41 | $121.90M |
| Q1 '24 | 2024-03-31 | $284.67M | $14.83M | $0.42 | $104.56M |
| Q4 '23 | 2023-12-31 | $297.27M | $14.30M | $0.40 | $107.67M |
Q3 2026 • period ending 2026-09-30 • filed 2026-11-04
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
12.66
P/B
0.97
P/S
0.60
EV/EBITDA
2.22
EV/Sales
0.89
ROE
7.5%
ROA
4.7%
Div Yield
8.83%
FCF Yield
62.48%
Debt/Equity
0.52
Current Ratio
—
Market Cap
$745.33M
as of 2026-11-09
WLKP vs Peers
Related companies, largest first| Company | Market cap | P/E | Revenue growth | YTD | IV rank |
|---|---|---|---|---|---|
| EPD Enterprise Products Partners L.P. | $79.9B | 12.1 | +21.5% | +14.1% | 38 |
| ET Energy Transfer LP Common Units | $65.2B | 12.5 | +56.1% | +14.8% | 69 |
| MPLX MPLX LP | $56.6B | 13.3 | +5.6% | +5.3% | 4 |
| PAA Plains All American Pipeline, L.P. Commo | $16.9B | 6.5 | +12.2% | +28.6% | 18 |
| AMBP Ardagh Metal Packaging S.A. | $2.8B | — | — | +16.1% | 24 |
| TEN Tsakos Energy Navigation Ltd. | $1.4B | — | — | +103.1% | 85 |
| UAN CVR Partners, LP | $1.2B | 11.1 | +7.3% | +9.7% | 8 |
| SXC SUNCOKE ENERGY INC | $832M | — | +2.9% | +37.7% | 24 |
| WLKP WESTLAKE CHEMICAL PARTNERS LP | $747M | 12.7 | +9.4% | +11.5% | 30 |
| Peer median | $9.8B | 12.1 | +9.8% | +15.5% | 24 |
P/E uses the latest reported trailing-12-month diluted EPS; "—" means no positive earnings or no data.
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
143.91K
SI % of Float
0.41%
Days to Cover
5.91
Short Vol Ratio
45.5%
Free Float
—
Float %
—
Short interest 2026-10-15 • Short volume 2026-11-06