Penbrook Management LLC Makes New $246,000 Investment in Western Midstream Partners, LP (NYSE:WES)

Penbrook Management LLC acquired a new position in Western Midstream Partners, LP (NYSE:WES - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,400 shares of the pipeline company's stock, valued at approximately $246,000.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of Western Midstream Partners by 287.3% during 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 last quarter. Kieckhefer Group LLC bought a new stake in shares of Western Midstream Partners during the fourth quarter worth approximately $58,000. Avondale Wealth Management acquired a new position in Western Midstream Partners in the fourth quarter valued at approximately $77,000. Cedar Mountain Advisors LLC boosted its stake in 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 acquiring an additional 299 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in Western Midstream Partners during the 3rd quarter worth $86,000. Institutional investors own 84.82% of the company's stock.

Western Midstream Partners Stock Up 0.5 %

Shares of WES traded up $0.22 during midday trading on Monday, hitting $40.50. The stock had a trading volume of 820,319 shares, compared to its average volume of 1,379,133. 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 firm has a market cap of $15.41 billion, a price-to-earnings ratio of 10.33, a price-to-earnings-growth ratio of 1.38 and a beta of 2.88. The company has a 50 day simple moving average of $40.04 and a two-hundred day simple moving average of $39.13. Western Midstream Partners, LP has a twelve month low of $27.84 and a twelve month high of $43.33.

Western Midstream Partners (NYSE:WES - Get Free Report) last released its earnings results on Wednesday, November 6th. The pipeline company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.09). The firm had revenue of $883.36 million during the quarter, compared to the consensus estimate of $924.83 million. Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The company's revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, analysts anticipate that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Monday, February 3rd will be given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 8.64%. The ex-dividend date is Monday, February 3rd. Western Midstream Partners's dividend payout ratio (DPR) is currently 89.29%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. UBS Group cut their price target on Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating on the stock in a research note on Friday, November 15th. Bank of America began 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. US Capital Advisors raised Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, November 26th. Morgan Stanley lowered shares of Western Midstream Partners from an "equal weight" rating to an "underweight" rating and reduced their price objective for the stock from $42.00 to $40.00 in a research note on Friday, October 25th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $41.00 price objective on shares of Western Midstream Partners in a report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Western Midstream Partners has an average rating of "Hold" and a consensus 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.