Western Midstream Partners, LP (NYSE:WES) Shares Acquired by Banco Santander S.A.

Banco Santander S.A. increased its position in shares of Western Midstream Partners, LP (NYSE:WES) by 22.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,974 shares of the pipeline company’s stock after purchasing an additional 3,715 shares during the quarter. Banco Santander S.A.’s holdings in Western Midstream Partners were worth $768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Stifel Financial Corp lifted its holdings in shares of Western Midstream Partners by 42.1% during the third quarter. Stifel Financial Corp now owns 108,367 shares of the pipeline company’s stock worth $4,146,000 after purchasing an additional 32,119 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Western Midstream Partners by 6.5% during the third quarter. BNP Paribas Financial Markets now owns 996,018 shares of the pipeline company’s stock worth $38,108,000 after purchasing an additional 60,603 shares during the period. MAI Capital Management lifted its holdings in shares of Western Midstream Partners by 293.1% during the third quarter. MAI Capital Management now owns 29,878 shares of the pipeline company’s stock worth $1,143,000 after purchasing an additional 22,277 shares during the period. Citigroup Inc. lifted its holdings in shares of Western Midstream Partners by 322.1% during the third quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company’s stock worth $15,556,000 after purchasing an additional 310,260 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Western Midstream Partners by 60.1% during the third quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock worth $68,298,000 after purchasing an additional 670,440 shares during the period. Institutional investors and hedge funds own 84.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on WES. UBS Group decreased their target price on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 15th. US Capital Advisors upgraded Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. StockNews.com upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.43.

Western Midstream Partners Stock Up 2.8 %

Shares of WES stock opened at $38.94 on Monday. The stock has a market cap of $14.85 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a twelve month low of $33.39 and a twelve month high of $43.33. The stock has a 50 day moving average of $40.45 and a 200 day moving average of $39.25. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is presently 86.85%.

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.