GSA Capital Partners LLP Sells 41,434 Shares of Western Midstream Partners, LP (NYSE:WES)

GSA Capital Partners LLP trimmed its holdings in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 43.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,860 shares of the pipeline company's stock after selling 41,434 shares during the period. GSA Capital Partners LLP's holdings in Western Midstream Partners were worth $2,099,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in WES. Eagle Bay Advisors LLC purchased a new position in Western Midstream Partners in the 1st quarter valued at about $29,000. Farther Finance Advisors LLC raised its holdings in Western Midstream Partners by 287.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,437 shares of the pipeline company's stock valued at $55,000 after acquiring an additional 1,066 shares in the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Western Midstream Partners in the second quarter valued at approximately $74,000. Triad Wealth Partners LLC acquired a new position in shares of Western Midstream Partners in the 2nd quarter valued at $78,000. Finally, Cedar Mountain Advisors LLC lifted its holdings in shares of Western Midstream Partners by 16.1% in 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. Hedge funds and other institutional investors own 42.94% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on WES. Stifel Nicolaus boosted their price objective on shares of Western Midstream Partners from $39.00 to $40.00 and gave the stock a "hold" rating in a research report on Friday, August 9th. Bank of America initiated coverage on Western Midstream Partners in a report on Thursday, October 17th. They set an "underperform" rating and a $37.00 target price on the stock. Morgan Stanley lowered Western Midstream Partners from an "equal weight" rating to an "underweight" rating and lowered their price target for the stock from $42.00 to $40.00 in a research report on Friday, October 25th. Royal Bank of Canada upped their price target on shares of Western Midstream Partners from $38.00 to $41.00 and gave the stock a "sector perform" rating in a research report on Wednesday, October 16th. Finally, StockNews.com cut shares of Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $38.13.

Western Midstream Partners Stock Up 1.6 %

WES stock traded up $0.57 during trading on Wednesday, hitting $36.77. 1,419,347 shares of the stock traded hands, compared to its average volume of 1,237,182. 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 $13.99 billion, a price-to-earnings ratio of 9.45, a price-to-earnings-growth ratio of 0.68 and a beta of 2.88. Western Midstream Partners, LP has a 1 year low of $26.81 and a 1 year high of $42.80. The firm's 50 day moving average is $38.39 and its two-hundred day moving average is $38.54.

Western Midstream Partners (NYSE:WES - Get Free Report) last issued its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.09). The company had revenue of $883.36 million during the quarter, compared to analysts' expectations of $924.83 million. Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The company's revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 EPS. On average, sell-side analysts anticipate that Western Midstream Partners, LP will post 4.13 EPS for the current year.

Western Midstream Partners Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Friday, November 1st will be issued a $0.875 dividend. This represents a $3.50 annualized dividend and a yield of 9.52%. The ex-dividend date is Friday, November 1st. Western Midstream Partners's dividend payout ratio is 89.29%.

Western Midstream Partners 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.