Terril Brothers Inc. Has $9.81 Million Stake in Western Midstream Partners, LP (NYSE:WES)

Terril Brothers Inc. trimmed its holdings in Western Midstream Partners, LP (NYSE:WES) by 0.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,867 shares of the pipeline company’s stock after selling 275 shares during the quarter. Western Midstream Partners comprises about 3.5% of Terril Brothers Inc.’s investment portfolio, making the stock its 9th biggest holding. Terril Brothers Inc.’s holdings in Western Midstream Partners were worth $9,808,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of WES. Principal Securities Inc. bought a new position in shares of Western Midstream Partners in the 4th quarter worth about $141,000. Jump Financial LLC bought a new position in shares of Western Midstream Partners in the 4th quarter worth about $483,000. Wells Fargo & Company MN increased its stake in shares of Western Midstream Partners by 7.6% in the 4th quarter. Wells Fargo & Company MN now owns 1,260,436 shares of the pipeline company’s stock worth $36,880,000 after acquiring an additional 89,444 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Western Midstream Partners by 28.6% during the 4th quarter. Allianz Asset Management GmbH now owns 708,256 shares of the pipeline company’s stock valued at $20,724,000 after purchasing an additional 157,700 shares in the last quarter. Finally, Peapack Gladstone Financial Corp bought a new stake in Western Midstream Partners during the 4th quarter valued at about $248,000. 42.94% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total value of $697,125,000.00. Following the transaction, the insider now owns 165,681,578 shares of the company’s stock, valued at $5,923,116,413.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.04% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on WES shares. Wells Fargo & Company raised their price objective on shares of Western Midstream Partners from $34.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 21st. Morgan Stanley lowered shares of Western Midstream Partners from an “overweight” rating to an “equal weight” rating and set a $42.00 price objective for the company. in a research note on Monday. StockNews.com upgraded shares of Western Midstream Partners from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 3rd. Stifel Nicolaus raised their price objective on shares of Western Midstream Partners from $39.00 to $40.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their price target on shares of Western Midstream Partners from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $35.25.

Western Midstream Partners Stock Performance

Shares of NYSE WES opened at $39.79 on Tuesday. The firm’s 50-day moving average price is $39.37 and its 200-day moving average price is $37.50. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 2.08. The company has a market cap of $15.14 billion, a PE ratio of 11.21, a PEG ratio of 0.73 and a beta of 2.87. Western Midstream Partners, LP has a 52-week low of $25.71 and a 52-week high of $42.80.

Western Midstream Partners (NYSE:WES) last posted its quarterly earnings data on Wednesday, August 7th. The pipeline company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09. The company had revenue of $905.63 million for the quarter, compared to the consensus estimate of $904.94 million. Western Midstream Partners had a net margin of 44.01% and a return on equity of 47.19%. The firm’s revenue was up 22.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 earnings per share. As a group, analysts anticipate that Western Midstream Partners, LP will post 4.16 EPS for the current year.

Western Midstream Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.80%. The ex-dividend date of this dividend was Thursday, August 1st. Western Midstream Partners’s payout ratio is 98.59%.

Western Midstream Partners Company 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.