Jump Financial LLC Has $708,000 Holdings in Western Midstream Partners, LP (NYSE:WES)

Jump Financial LLC cut its stake in Western Midstream Partners, LP (NYSE:WES - Free Report) by 86.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,418 shares of the pipeline company's stock after selling 121,996 shares during the period. Jump Financial LLC's holdings in Western Midstream Partners were worth $708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harbour Investments Inc. lifted its stake in shares of Western Midstream Partners by 555.6% in the fourth quarter. Harbour Investments Inc. now owns 1,180 shares of the pipeline company's stock valued at $45,000 after buying an additional 1,000 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Western Midstream Partners in the 4th quarter worth approximately $51,000. Empowered Funds LLC bought a new stake in shares of Western Midstream Partners in the 4th quarter worth approximately $53,000. Kieckhefer Group LLC acquired a new stake in shares of Western Midstream Partners during the 4th quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC increased its position 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 valued at $74,000 after purchasing an additional 498 shares during the period. 84.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Western Midstream Partners Price Performance

Western Midstream Partners stock opened at $37.96 on Wednesday. The business has a 50 day simple moving average of $39.48 and a 200 day simple moving average of $39.40. Western Midstream Partners, LP has a one year low of $33.60 and a one year high of $43.33. The company has a market capitalization of $14.47 billion, a PE ratio of 9.68, a price-to-earnings-growth ratio of 1.40 and a beta of 2.40. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 1.11.

Western Midstream Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Friday, May 2nd will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 9.59%. The ex-dividend date of this dividend is Friday, May 2nd. This is an increase from Western Midstream Partners's previous quarterly dividend of $0.88. Western Midstream Partners's payout ratio is currently 86.85%.

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.

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