Texas Yale Capital Corp. Purchases 36,438 Shares of Western Midstream Partners, LP $WES

Texas Yale Capital Corp. boosted its position in shares of Western Midstream Partners, LP (NYSE:WES) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 575,809 shares of the pipeline company’s stock after acquiring an additional 36,438 shares during the period. Western Midstream Partners accounts for 0.7% of Texas Yale Capital Corp.’s holdings, making the stock its 13th biggest position. Texas Yale Capital Corp. owned 0.15% of Western Midstream Partners worth $22,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mutual Advisors LLC lifted its holdings in shares of Western Midstream Partners by 59.0% during the 2nd quarter. Mutual Advisors LLC now owns 9,793 shares of the pipeline company’s stock valued at $399,000 after purchasing an additional 3,633 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Western Midstream Partners by 9.9% in the second quarter. Stratos Wealth Partners LTD. now owns 5,961 shares of the pipeline company’s stock valued at $231,000 after buying an additional 536 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Western Midstream Partners by 2.6% in the second quarter. Chicago Partners Investment Group LLC now owns 22,598 shares of the pipeline company’s stock worth $904,000 after acquiring an additional 573 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Western Midstream Partners by 215.4% during the second quarter. Stephens Inc. AR now owns 131,361 shares of the pipeline company’s stock worth $5,084,000 after acquiring an additional 89,707 shares during the last quarter. Finally, D.A. Davidson & CO. increased its holdings in shares of Western Midstream Partners by 17.1% during the second quarter. D.A. Davidson & CO. now owns 68,044 shares of the pipeline company’s stock valued at $2,633,000 after acquiring an additional 9,945 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Western Midstream Partners Stock Performance

NYSE WES opened at $43.46 on Monday. Western Midstream Partners, LP has a fifty-two week low of $33.60 and a fifty-two week high of $43.65. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a market capitalization of $17.73 billion, a P/E ratio of 12.86 and a beta of 0.77. The stock has a 50-day simple moving average of $40.43 and a two-hundred day simple moving average of $39.26.

Western Midstream Partners Dividend Announcement

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

Insider Buying and Selling

In other news, SVP Christopher B. Dial sold 5,879 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $42.35, for a total transaction of $248,975.65. Following the sale, the senior vice president directly owned 185,011 shares of the company’s stock, valued at $7,835,215.85. This represents a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Royal Bank Of Canada boosted their target price on shares of Western Midstream Partners from $39.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Friday, November 28th. Wall Street Zen downgraded Western Midstream Partners from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Citigroup assumed coverage on Western Midstream Partners in a research report on Monday, October 20th. They set a “neutral” rating and a $39.00 price target for the company. Wells Fargo & Company cut their price objective on Western Midstream Partners from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Thursday, January 22nd. Finally, Stifel Nicolaus set a $43.00 price objective on Western Midstream Partners in a research note on Thursday, November 6th. 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 company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $41.33.

Western Midstream Partners 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.