15,887 Shares in Western Midstream Partners, LP $WES Bought by Lido Advisors LLC

Lido Advisors LLC bought a new stake in Western Midstream Partners, LP (NYSE:WES) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,887 shares of the pipeline company’s stock, valued at approximately $654,000.

Several other institutional investors have also recently bought and sold shares of WES. Jefferies Financial Group Inc. acquired a new stake in Western Midstream Partners during the 4th quarter worth approximately $5,455,000. Goldman Sachs Group Inc. increased its position in Western Midstream Partners by 10.9% in the 4th 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 during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of Western Midstream Partners by 21.2% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,540,900 shares of the pipeline company’s stock valued at $60,866,000 after acquiring an additional 270,000 shares during the last quarter. SageGuard Financial Group LLC acquired a new position in shares of Western Midstream Partners during the fourth quarter worth $1,777,000. Finally, GraniteShares Advisors LLC acquired a new position in shares of Western Midstream Partners during the fourth quarter worth $2,695,000. Institutional investors and hedge funds own 84.82% of the company’s stock.

Western Midstream Partners Stock Down 0.1%

Shares of NYSE:WES opened at $47.03 on Thursday. The business’s 50 day simple moving average is $44.69 and its two-hundred day simple moving average is $42.85. The firm has a market cap of $18.52 billion, a P/E ratio of 15.37, a PEG ratio of 1.96 and a beta of 0.68. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.09 and a current ratio of 1.09. Western Midstream Partners, LP has a 52-week low of $36.90 and a 52-week high of $48.63.

Western Midstream Partners (NYSE:WES) last announced its quarterly earnings data on Wednesday, May 6th. The pipeline company reported $0.85 EPS 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 firm had revenue of $1.12 billion during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the firm posted $0.79 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, research analysts forecast that Western Midstream Partners, LP will post 3.49 EPS for the current fiscal year.

Western Midstream Partners Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.93 per share. The ex-dividend date is Friday, July 31st. This represents a $3.72 dividend on an annualized basis and a yield of 7.9%. Western Midstream Partners’s payout ratio is 121.57%.

Wall Street Analyst Weigh In

WES has been the topic of several recent research reports. Wells Fargo & Company lifted their target price on Western Midstream Partners from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Wall Street Zen raised Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. UBS Group raised their price objective on Western Midstream Partners from $45.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Morgan Stanley upgraded Western Midstream Partners from an “underweight” rating to an “equal weight” rating and set a $51.00 target price on the stock in a report on Wednesday, June 10th. Finally, Stifel Nicolaus set a $46.00 target price on shares of Western Midstream Partners and gave the company a “buy” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.25.

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.