Americana Partners LLC Purchases 13,406 Shares of Western Midstream Partners, LP $WES

Americana Partners LLC increased its position in Western Midstream Partners, LP (NYSE:WES) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,047 shares of the pipeline company’s stock after buying an additional 13,406 shares during the quarter. Americana Partners LLC’s holdings in Western Midstream Partners were worth $6,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of WES. Eagle Bay Advisors LLC bought a new stake in Western Midstream Partners in the 4th quarter worth approximately $27,000. Global Wealth Strategies & Associates bought a new stake in Western Midstream Partners in the 4th quarter worth approximately $35,000. Jones Financial Companies Lllp lifted its position in Western Midstream Partners by 86.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 908 shares of the pipeline company’s stock worth $36,000 after buying an additional 420 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Western Midstream Partners in the 4th quarter worth approximately $40,000. Finally, Fulcrum Asset Management LLP bought a new stake in Western Midstream Partners in the 3rd quarter worth approximately $41,000. Institutional investors own 84.82% of the company’s stock.

Analysts Set New Price Targets

WES has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Western Midstream Partners from $41.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 13th. JPMorgan Chase & Co. lowered their price objective on Western Midstream Partners from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, March 12th. Wall Street Zen upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Stifel Nicolaus set a $46.00 price objective on Western Midstream Partners and gave the company a “buy” rating in a research report on Thursday, May 7th. Finally, Citigroup boosted their price objective on Western Midstream Partners from $39.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Western Midstream Partners currently has a consensus rating of “Hold” and a consensus price target of $43.25.

Western Midstream Partners Trading Up 2.1%

Western Midstream Partners stock opened at $46.25 on Friday. The stock has a market capitalization of $18.21 billion, a PE ratio of 15.11 and a beta of 0.70. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average is $42.28 and its 200 day moving average is $40.98. Western Midstream Partners, LP has a one year low of $36.90 and a one year high of $48.01.

Western Midstream Partners (NYSE:WES) last posted its earnings results on Wednesday, May 6th. The pipeline company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Western Midstream Partners had a return on equity of 33.89% and a net margin of 29.98%.The company had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company earned $0.79 earnings per share. Western Midstream Partners’s revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts predict that Western Midstream Partners, LP will post 3.4 EPS for the current year.

Western Midstream Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Investors of record on Friday, May 1st were given a dividend of $0.93 per share. This is an increase from Western Midstream Partners’s previous quarterly dividend of $0.91. This represents a $3.72 annualized dividend and a dividend yield of 8.0%. The ex-dividend date was Friday, May 1st. Western Midstream Partners’s dividend payout ratio (DPR) is 121.57%.

Insider Activity

In other Western Midstream Partners news, Director Robert G. Phillips bought 1,250 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average price of $40.19 per share, for a total transaction of $50,237.50. Following the completion of the transaction, the director owned 5,296 shares of the company’s stock, valued at $212,846.24. This trade represents a 30.89% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.04% of the company’s stock.

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.