Westlake Corporation
boothcheck covers Westlake Corporation (WLK) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 28, 2026.
- Westlake is a quality cyclical at a loss-making trough: Q1 2026 brought a 169-million-dollar net loss and EBITDA halved to 150 million dollars, yet the price near 80 dollars sits between its asset floor (book value about 66.78 dollars) and its normalized earnings-power value near 98 dollars. - The balance sheet funds the wait: roughly 2.5 billion dollars of cash and a maintained dividend let Westlake execute a 175-million-dollar cost program and target a 600-million-dollar 2026 EBITDA uplift w
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322 institutional managers reported holding WLK in 13F filings for the quarter ended 2026-03-31. Together they hold about 34% of the company; the top 10 hold 21%. 83 opened new positions that quarter. Held by Capital Group (American Funds), Vanguard Group, BlackRock, among others. On the short side, 4.0M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (4.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
WLK's share count is about flat over the past five years ($278.00M of repurchases, offset by issuance). It pays a dividend, and has paid one every year in our records (16 and counting), raised 12 years straight; the current rate is $2.11 a share annually. Cash returned over the past three years: $733.00M in dividends and $123.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at WLK over the trailing three years: 2025: 1 buy totaling $8k. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
WLK's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-04 | -2.5% | -5.4% |
| 2023-11-03 | +6.4% | +11.8% |
| 2024-02-23 | -6.0% | +9.3% |
| 2024-05-03 | +1.5% | -6.7% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
WLK's latest 8-K filings: 2026-08-04 (items 2.02, 7.01, 9.01); 2026-07-29 (items 8.01); 2026-06-15 (items 7.01, 9.01); 2026-05-18 (items 5.07); 2026-05-05 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 28, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.