Western Midstream Partners, LP (NYSE:WES) Stock Position Boosted by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC increased its stake in Western Midstream Partners, LP (NYSE:WES - Free Report) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,901 shares of the pipeline company's stock after buying an additional 9,094 shares during the period. Daymark Wealth Partners LLC's holdings in Western Midstream Partners were worth $1,610,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in Western Midstream Partners by 287.3% in the third quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company's stock worth $55,000 after acquiring an additional 1,066 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Western Midstream Partners in the 4th quarter valued at $58,000. EverSource Wealth Advisors LLC bought a new position in shares of Western Midstream Partners in the 2nd quarter worth $74,000. Avondale Wealth Management purchased a new stake in shares of Western Midstream Partners during the 4th quarter worth $77,000. Finally, Cedar Mountain Advisors LLC boosted its position in Western Midstream Partners by 16.1% during the third quarter. Cedar Mountain Advisors LLC now owns 2,158 shares of the pipeline company's stock valued at $83,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 84.82% of the company's stock.

Western Midstream Partners Trading Up 1.0 %

WES traded up $0.44 during trading hours on Thursday, reaching $42.42. The company's stock had a trading volume of 938,146 shares, compared to its average volume of 1,107,953. The business's 50-day moving average is $39.49 and its 200-day moving average is $39.12. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market cap of $16.14 billion, a PE ratio of 10.82, a P/E/G ratio of 1.44 and a beta of 2.90. Western Midstream Partners, LP has a fifty-two week low of $27.84 and a fifty-two week high of $43.33.

Western Midstream Partners (NYSE:WES - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.09). Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The business had revenue of $883.36 million for the quarter, compared to analysts' expectations of $924.83 million. During the same quarter in the prior year, the company posted $0.70 earnings per share. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, equities research analysts predict that Western Midstream Partners, LP will post 4.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on WES shares. US Capital Advisors upgraded shares of Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. UBS Group decreased their target price on shares of Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, November 15th. Morgan Stanley lowered shares of Western Midstream Partners from an "equal weight" rating to an "underweight" rating and cut their price target for the stock from $42.00 to $40.00 in a report on Friday, October 25th. Royal Bank of Canada reiterated a "sector perform" rating and set a $41.00 price objective on shares of Western Midstream Partners in a report on Monday, December 9th. Finally, Bank of America initiated coverage on Western Midstream Partners in a research note on Thursday, October 17th. They set an "underperform" rating and a $37.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $37.88.

Western Midstream Partners Company Profile

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.