XTX Topco Ltd Acquires Shares of 13,723 Western Midstream Partners, LP (NYSE:WES)

XTX Topco Ltd purchased a new stake in Western Midstream Partners, LP (NYSE:WES - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,723 shares of the pipeline company's stock, valued at approximately $527,000.

Other large investors have also recently added to or reduced their stakes in the company. Harbour Investments Inc. boosted its holdings in shares of Western Midstream Partners by 555.6% in the 4th quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock worth $45,000 after acquiring an additional 1,000 shares in the last quarter. Global Retirement Partners LLC bought a new position in Western Midstream Partners in the 4th quarter valued at $51,000. Empowered Funds LLC bought a new position in Western Midstream Partners in the 4th quarter valued at $53,000. Kieckhefer Group LLC acquired a new position in Western Midstream Partners in the fourth quarter worth $58,000. Finally, Farther Finance Advisors LLC grew its holdings 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 worth $74,000 after purchasing an additional 498 shares during the last quarter. 84.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com raised Western Midstream Partners from a "hold" rating to a "buy" rating in a report on Saturday, March 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Western Midstream Partners has a consensus rating of "Hold" and an average price target of $38.43.

Western Midstream Partners Trading Up 3.4 %

NYSE:WES traded up $1.27 during trading hours on Thursday, hitting $39.17. The stock had a trading volume of 1,042,222 shares, compared to its average volume of 1,248,205. The business's 50 day moving average is $39.43 and its 200-day moving average is $39.39. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market cap of $14.94 billion, a price-to-earnings ratio of 9.99, a P/E/G ratio of 1.40 and a beta of 2.40. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.33.

Western Midstream Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, May 2nd will be issued a $0.91 dividend. The ex-dividend date is Friday, May 2nd. This is an increase from Western Midstream Partners's previous quarterly dividend of $0.88. This represents a $3.64 dividend on an annualized basis and a dividend yield of 9.29%. Western Midstream Partners's dividend payout ratio (DPR) is 90.32%.

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.