Terril Brothers Inc. Decreases Stake in Western Midstream Partners, LP (NYSE:WES)

Terril Brothers Inc. reduced its holdings in Western Midstream Partners, LP (NYSE:WES) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 221,500 shares of the pipeline company’s stock after selling 3,200 shares during the period. Western Midstream Partners makes up 2.3% of Terril Brothers Inc.’s holdings, making the stock its 14th biggest position. Terril Brothers Inc.’s holdings in Western Midstream Partners were worth $6,481,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC purchased a new position in shares of Western Midstream Partners in the third quarter worth about $27,000. Fortitude Family Office LLC purchased a new position in shares of Western Midstream Partners in the fourth quarter worth about $43,000. UMB Bank n.a. purchased a new position in shares of Western Midstream Partners in the fourth quarter worth about $74,000. Turtle Creek Wealth Advisors LLC purchased a new position in shares of Western Midstream Partners in the fourth quarter worth about $80,000. Finally, IFP Advisors Inc lifted its stake in shares of Western Midstream Partners by 14.4% in the third quarter. IFP Advisors Inc now owns 3,952 shares of the pipeline company’s stock worth $108,000 after buying an additional 496 shares in the last quarter. 42.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Western Midstream Partners

In other Western Midstream Partners news, Director Lisa A. Stewart acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $34.87 per share, for a total transaction of $87,175.00. Following the completion of the acquisition, the director now owns 30,730 shares of the company’s stock, valued at approximately $1,071,555.10. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Kenneth F. Owen purchased 7,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was bought at an average price of $33.96 per share, for a total transaction of $237,720.00. Following the completion of the purchase, the director now directly owns 32,730 shares of the company’s stock, valued at $1,111,510.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lisa A. Stewart purchased 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The stock was purchased at an average price of $34.87 per share, with a total value of $87,175.00. Following the purchase, the director now directly owns 30,730 shares of the company’s stock, valued at $1,071,555.10. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Western Midstream Partners Trading Down 0.0 %

Shares of WES traded down $0.01 during trading on Friday, reaching $35.87. 702,558 shares of the company traded hands, compared to its average volume of 858,312. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.40. The stock has a market cap of $13.65 billion, a PE ratio of 13.80 and a beta of 2.83. The stock has a 50-day simple moving average of $34.50 and a 200-day simple moving average of $30.42. Western Midstream Partners, LP has a twelve month low of $24.89 and a twelve month high of $36.79.

Western Midstream Partners (NYSE:WES) last announced its quarterly earnings data on Wednesday, February 21st. The pipeline company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The business had revenue of $858.21 million during the quarter, compared to analyst estimates of $850.23 million. Western Midstream Partners had a net margin of 32.72% and a return on equity of 33.58%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, analysts anticipate that Western Midstream Partners, LP will post 3.47 earnings per share for the current year.

Western Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 1st will be issued a $0.875 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 9.76%. This is a boost from Western Midstream Partners’s previous quarterly dividend of $0.58. Western Midstream Partners’s payout ratio is 88.46%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Western Midstream Partners from an “underperform” rating to a “peer perform” rating in a research report on Thursday, April 18th. Stifel Nicolaus raised their price objective on shares of Western Midstream Partners from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Citigroup cut shares of Western Midstream Partners from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $30.00 to $34.00 in a research report on Thursday, February 29th. Finally, Raymond James restated a “market perform” rating on shares of Western Midstream Partners in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Western Midstream Partners currently has an average rating of “Hold” and an average target price of $30.64.

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.