Terril Brothers Inc. Has $14.39 Million Stock Position in Western Midstream Partners, LP (NYSE:WES)

Terril Brothers Inc. increased its stake in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 38.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 374,536 shares of the pipeline company's stock after purchasing an additional 104,000 shares during the quarter. Western Midstream Partners makes up approximately 4.4% of Terril Brothers Inc.'s portfolio, making the stock its 9th largest position. Terril Brothers Inc. owned about 0.10% of Western Midstream Partners worth $14,393,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Kayne Anderson Capital Advisors LP grew its stake in shares of Western Midstream Partners by 23.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 6,228,448 shares of the pipeline company's stock valued at $238,300,000 after buying an additional 1,184,597 shares in the last quarter. Duff & Phelps Investment Management Co. grew its position in Western Midstream Partners by 6,986.8% in the third quarter. Duff & Phelps Investment Management Co. now owns 708,683 shares of the pipeline company's stock worth $27,114,000 after acquiring an additional 698,683 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Western Midstream Partners by 60.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company's stock worth $68,298,000 after purchasing an additional 670,440 shares during the last quarter. ING Groep NV raised its holdings in shares of Western Midstream Partners by 81.0% during the 3rd quarter. ING Groep NV now owns 746,587 shares of the pipeline company's stock valued at $28,564,000 after purchasing an additional 334,187 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of Western Midstream Partners by 322.1% in the 3rd quarter. Citigroup Inc. now owns 406,587 shares of the pipeline company's stock valued at $15,556,000 after purchasing an additional 310,260 shares during the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

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Analysts Set New Price Targets

Several equities analysts have weighed in on the company. US Capital Advisors upgraded Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a report on Tuesday, November 26th. UBS Group decreased their target price on Western Midstream Partners from $40.00 to $37.00 and set a "neutral" rating for the company in a research report on Friday, November 15th. StockNews.com lowered shares of Western Midstream Partners from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $41.00 target price on shares of Western Midstream Partners in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $38.43.

Western Midstream Partners Stock Performance

Shares of NYSE WES traded down $0.32 during trading hours on Wednesday, reaching $38.39. The stock had a trading volume of 2,624,553 shares, compared to its average volume of 1,399,495. The company has a market cap of $14.64 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 1.40 and a beta of 2.88. Western Midstream Partners, LP has a twelve month low of $33.39 and a twelve month high of $43.33. The business's fifty day moving average is $40.51 and its two-hundred day moving average is $39.24. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were issued a $0.875 dividend. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a dividend yield of 9.12%. Western Midstream Partners's payout ratio is presently 86.85%.

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.