Stifel Financial Corp Acquires 32,119 Shares of Western Midstream Partners, LP (NYSE:WES)

Stifel Financial Corp raised its position in Western Midstream Partners, LP (NYSE:WES - Free Report) by 42.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 108,367 shares of the pipeline company's stock after buying an additional 32,119 shares during the quarter. Stifel Financial Corp's holdings in Western Midstream Partners were worth $4,146,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Recurrent Investment Advisors LLC boosted its position in Western Midstream Partners by 5.4% during the third quarter. Recurrent Investment Advisors LLC now owns 1,397,140 shares of the pipeline company's stock worth $53,455,000 after purchasing an additional 71,210 shares in the last quarter. Millburn Ridgefield Corp acquired a new stake in Western Midstream Partners in the 3rd quarter valued at about $86,000. Integrated Wealth Concepts LLC purchased a new position in Western Midstream Partners during the 3rd quarter valued at about $250,000. HighTower Advisors LLC lifted its holdings in shares of Western Midstream Partners by 14.5% in the third quarter. HighTower Advisors LLC now owns 94,599 shares of the pipeline company's stock valued at $3,619,000 after purchasing an additional 11,974 shares in the last quarter. Finally, BBR Partners LLC acquired a new stake in shares of Western Midstream Partners in the third quarter valued at approximately $574,000. Hedge funds and other institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on WES shares. UBS Group reduced their target price 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. Morgan Stanley downgraded Western Midstream Partners from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $42.00 to $40.00 in a research report on Friday, October 25th. Bank of America started coverage on shares of Western Midstream Partners in a research note on Thursday, October 17th. They set an "underperform" rating and a $37.00 price objective for the company. StockNews.com lowered Western Midstream Partners from a "strong-buy" rating to a "buy" rating in a research note on Monday, October 28th. Finally, US Capital Advisors upgraded Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Western Midstream Partners currently has a consensus rating of "Hold" and an average price target of $37.88.

Western Midstream Partners Stock Down 1.4 %

NYSE:WES traded down $0.55 during trading hours on Monday, hitting $39.21. 949,246 shares of the company's stock traded hands, compared to its average volume of 1,239,941. Western Midstream Partners, LP has a twelve month low of $27.44 and a twelve month high of $42.80. The firm has a market cap of $14.92 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.08 and a beta of 2.90. 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 stock's fifty day moving average price is $38.54 and its two-hundred day moving average price is $38.93.

Western Midstream Partners (NYSE:WES - Get Free Report) last posted its quarterly 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). Western Midstream Partners had a return on equity of 46.02% and a net margin of 42.99%. The company had revenue of $883.36 million for the quarter, compared to analyst estimates of $924.83 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. The business's revenue for the quarter was up 13.8% compared to the same quarter last year. On average, research analysts expect that Western Midstream Partners, LP will post 4.03 earnings per share for the current fiscal year.

Western Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Friday, November 1st were issued a dividend of $0.875 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $3.50 annualized dividend and a dividend yield of 8.93%. Western Midstream Partners's dividend payout ratio is 89.29%.

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.