8,000 Shares in Western Midstream Partners, LP (NYSE:WES) Purchased by F&V Capital Management LLC

F&V Capital Management LLC bought a new stake in Western Midstream Partners, LP (NYSE:WES) during the first quarter, Holdings Channel.com reports. The fund bought 8,000 shares of the pipeline company’s stock, valued at approximately $284,000.

Several other institutional investors also recently added to or reduced their stakes in the business. NBW Capital LLC increased its position in Western Midstream Partners by 25.0% during the fourth quarter. NBW Capital LLC now owns 322,010 shares of the pipeline company’s stock worth $9,422,000 after acquiring an additional 64,370 shares during the period. GraniteShares Advisors LLC bought a new position in shares of Western Midstream Partners during the 4th quarter worth about $1,521,000. Wells Fargo & Company MN raised its position in shares of Western Midstream Partners by 7.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,260,436 shares of the pipeline company’s stock valued at $36,880,000 after buying an additional 89,444 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Western Midstream Partners by 15.8% in the third quarter. JPMorgan Chase & Co. now owns 4,571,428 shares of the pipeline company’s stock valued at $124,480,000 after buying an additional 622,108 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Western Midstream Partners by 104.4% in the fourth quarter. Van ECK Associates Corp now owns 58,015 shares of the pipeline company’s stock valued at $1,698,000 after buying an additional 29,637 shares during the period. 42.94% of the stock is owned by institutional investors.

Western Midstream Partners Trading Down 0.7 %

Shares of Western Midstream Partners stock traded down $0.27 during trading on Wednesday, reaching $39.40. 958,579 shares of the company were exchanged, compared to its average volume of 1,235,338. The business has a 50-day moving average price of $37.02 and a 200-day moving average price of $33.18. Western Midstream Partners, LP has a twelve month low of $25.47 and a twelve month high of $39.89. The firm has a market capitalization of $14.99 billion, a price-to-earnings ratio of 11.11, a P/E/G ratio of 0.71 and a beta of 2.85. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 2.15.

Western Midstream Partners (NYSE:WES) last announced its quarterly earnings results on Wednesday, May 8th. The pipeline company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.62. The firm had revenue of $887.73 million for the quarter, compared to analyst estimates of $868.22 million. Western Midstream Partners had a net margin of 42.50% and a return on equity of 44.76%. The business’s revenue was up 20.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts anticipate that Western Midstream Partners, LP will post 4.1 EPS for the current fiscal year.

Western Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 1st were paid a dividend of $0.875 per share. The ex-dividend date of this dividend was Tuesday, April 30th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.88%. This is a boost from Western Midstream Partners’s previous quarterly dividend of $0.58. Western Midstream Partners’s dividend payout ratio is currently 98.59%.

Wall Street Analyst Weigh In

Several research firms have commented on WES. Mizuho upped their price target on Western Midstream Partners from $34.00 to $39.00 and gave the company a “buy” rating in a report on Tuesday, May 7th. Raymond James reaffirmed a “market perform” rating on shares of Western Midstream Partners in a research report on Tuesday, March 19th. Wells Fargo & Company boosted their price target on shares of Western Midstream Partners from $34.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, May 21st. Citigroup downgraded 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 report on Thursday, February 29th. Finally, StockNews.com lowered shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. 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 MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $31.55.

Western Midstream Partners Profile

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.