Western Midstream Partners (NYSE:WES) SVP Christopher Dial Sells 5,879 Shares

Western Midstream Partners, LP (NYSE:WES) SVP Christopher Dial sold 5,879 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $42.35, for a total transaction of $248,975.65. Following the transaction, the senior vice president directly owned 185,011 shares of the company’s stock, valued at approximately $7,835,215.85. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Western Midstream Partners Stock Performance

Shares of Western Midstream Partners stock traded up $1.11 during trading on Friday, hitting $43.46. 1,333,444 shares of the stock were exchanged, compared to its average volume of 1,235,185. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.43 and a current ratio of 1.43. Western Midstream Partners, LP has a 12 month low of $33.60 and a 12 month high of $43.65. The stock’s fifty day moving average is $40.36 and its 200 day moving average is $39.27. The stock has a market cap of $17.73 billion, a PE ratio of 12.86 and a beta of 0.77.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 13th. Stockholders of record on Monday, February 2nd will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 8.4%. The ex-dividend date of this dividend is Monday, February 2nd. Western Midstream Partners’s payout ratio is 107.69%.

Analyst Upgrades and Downgrades

Several research firms recently commented on WES. Stifel Nicolaus set a $43.00 target price on Western Midstream Partners in a research report on Thursday, November 6th. Wall Street Zen lowered Western Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, December 27th. Wells Fargo & Company decreased their price target on shares of Western Midstream Partners from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 22nd. Royal Bank Of Canada increased their price objective on Western Midstream Partners from $39.00 to $42.00 and gave the company a “sector perform” rating in a research report on Friday, November 28th. Finally, Citigroup began coverage on Western Midstream Partners in a report on Monday, October 20th. They issued a “neutral” rating and a $39.00 target price on the stock. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $41.33.

Institutional Investors Weigh In On Western Midstream Partners

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. increased its stake in shares of Western Midstream Partners by 0.9% in the fourth quarter. Alps Advisors Inc. now owns 35,074,357 shares of the pipeline company’s stock worth $1,385,437,000 after acquiring an additional 299,631 shares during the last quarter. Invesco Ltd. grew its stake in shares of Western Midstream Partners by 0.3% in the 3rd quarter. Invesco Ltd. now owns 24,292,437 shares of the pipeline company’s stock valued at $954,450,000 after buying an additional 81,183 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Western Midstream Partners by 10.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 9,562,213 shares of the pipeline company’s stock valued at $377,707,000 after acquiring an additional 936,376 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Western Midstream Partners in the third quarter valued at approximately $300,257,000. Finally, Morgan Stanley increased its stake in shares of Western Midstream Partners by 98.1% during the 4th quarter. Morgan Stanley now owns 5,446,475 shares of the pipeline company’s stock worth $215,136,000 after purchasing an additional 2,696,439 shares during the last quarter. Hedge funds and other institutional investors own 84.82% of the company’s stock.

Western Midstream Partners Company Profile

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.