Western Midstream Partners, LP (NYSE:WES) Position Increased by Terril Brothers Inc.

Terril Brothers Inc. boosted its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 38.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 374,536 shares of the pipeline company’s stock after purchasing an additional 104,000 shares during the period. Western Midstream Partners makes up about 4.4% of Terril Brothers Inc.’s portfolio, making the stock its 9th biggest position. Terril Brothers Inc. owned approximately 0.10% of Western Midstream Partners worth $14,393,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. grew its position in Western Midstream Partners by 3.0% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 58,670 shares of the pipeline company’s stock worth $2,255,000 after purchasing an additional 1,709 shares during the last quarter. IFP Advisors Inc grew its position in Western Midstream Partners by 30.0% during the 4th quarter. IFP Advisors Inc now owns 7,187 shares of the pipeline company’s stock worth $276,000 after purchasing an additional 1,657 shares during the last quarter. Howard Capital Management Inc. purchased a new stake in shares of Western Midstream Partners in the 4th quarter valued at $2,557,000. Dividend Assets Capital LLC boosted its holdings in shares of Western Midstream Partners by 8.9% in the 4th quarter. Dividend Assets Capital LLC now owns 65,652 shares of the pipeline company’s stock valued at $2,523,000 after acquiring an additional 5,352 shares during the last quarter. Finally, Hardy Reed LLC boosted its holdings in shares of Western Midstream Partners by 26.9% in the 4th quarter. Hardy Reed LLC now owns 18,850 shares of the pipeline company’s stock valued at $724,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Western Midstream Partners Stock Performance

NYSE:WES opened at $40.54 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The company has a fifty day moving average of $40.48 and a two-hundred day moving average of $39.19. The stock has a market capitalization of $15.43 billion, a PE ratio of 10.34, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a fifty-two week low of $33.25 and a fifty-two week high of $43.33.

Western Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were given a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 8.63%. The ex-dividend date was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio is presently 86.85%.

Analyst Ratings Changes

WES has been the topic of several recent research reports. US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. StockNews.com cut shares of Western Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday. UBS Group decreased their target price on shares of Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $41.00 target price on shares of Western Midstream Partners in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $38.43.

About Western Midstream Partners

Western Midstream Partners, LP, together with its subsidiaries, operates as a midstream energy company primarily in the United States. It is involved in gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, natural gas liquids (NGLs), and crude oil; and gathering and disposing produced water.