Western Midstream Partners, LP (NYSE:WES) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC boosted its stake in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,739 shares of the pipeline company's stock after buying an additional 13,545 shares during the quarter. MGO One Seven LLC's holdings in Western Midstream Partners were worth $5,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Western Midstream Partners in the 3rd quarter valued at approximately $409,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Western Midstream Partners in the third quarter valued at $166,000. Tidal Investments LLC grew its stake in shares of Western Midstream Partners by 26.4% in the third quarter. Tidal Investments LLC now owns 13,796 shares of the pipeline company's stock valued at $528,000 after buying an additional 2,879 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Western Midstream Partners by 60.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company's stock valued at $68,298,000 after buying an additional 670,440 shares during the period. Finally, Chickasaw Capital Management LLC lifted its stake in Western Midstream Partners by 1.5% during the 4th quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company's stock worth $259,610,000 after acquiring an additional 99,518 shares in the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

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 equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $38.43.

Western Midstream Partners Stock Down 1.1 %

WES stock traded down $0.42 during mid-day trading on Friday, reaching $38.75. The company had a trading volume of 719,857 shares, compared to its average volume of 1,250,681. The firm has a fifty day simple moving average of $39.34 and a 200 day simple moving average of $39.38. 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 capitalization of $14.78 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 1.40 and a beta of 2.40. Western Midstream Partners, LP has a fifty-two week low of $33.60 and a fifty-two week high of $43.33.

Western Midstream Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Friday, May 2nd will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 9.39%. The ex-dividend date is Friday, May 2nd. This is a boost from Western Midstream Partners's previous quarterly dividend of $0.88. Western Midstream Partners's payout ratio 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.