Western Midstream Partners, LP (NYSE:WES) Shares Bought by HUB Investment Partners LLC

HUB Investment Partners LLC lifted its holdings in Western Midstream Partners, LP (NYSE:WES) by 298.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,800 shares of the pipeline company’s stock after buying an additional 25,313 shares during the quarter. HUB Investment Partners LLC’s holdings in Western Midstream Partners were worth $1,299,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of WES. Harbour Investments Inc. lifted its stake in shares of Western Midstream Partners by 555.6% in the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company’s stock valued at $45,000 after purchasing an additional 1,000 shares during the period. Global Retirement Partners LLC acquired a new stake in shares of Western Midstream Partners in the fourth quarter valued at approximately $51,000. Empowered Funds LLC purchased a new position in shares of Western Midstream Partners during the 4th quarter worth approximately $53,000. Kieckhefer Group LLC purchased a new position in Western Midstream Partners during the fourth quarter worth $58,000. Finally, Farther Finance Advisors LLC boosted its stake in shares of Western Midstream Partners by 34.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company’s stock valued at $74,000 after acquiring an additional 498 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Price Performance

Shares of WES opened at $41.85 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a 52 week low of $33.64 and a 52 week high of $43.33. The stock has a 50 day moving average of $40.77 and a 200-day moving average of $39.41.

Western Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 14th. Shareholders of record on Monday, February 3rd were paid a dividend of $0.875 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $3.50 annualized dividend and a yield of 8.36%. Western Midstream Partners’s payout ratio is 86.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a report on Monday, December 9th. StockNews.com upgraded shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th. Finally, US Capital Advisors raised shares of Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Western Midstream Partners has a consensus rating of “Hold” and an average price target 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.