Western Midstream Partners, LP (NYSE:WES) Shares Acquired by HUB Investment Partners LLC

HUB Investment Partners LLC grew its holdings in Western Midstream Partners, LP (NYSE:WES - Free Report) by 298.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,800 shares of the pipeline company's stock after acquiring an additional 25,313 shares during the period. HUB Investment Partners LLC's holdings in Western Midstream Partners were worth $1,299,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Harbour Investments Inc. raised its position in 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 purchasing an additional 1,000 shares during the period. Global Retirement Partners LLC purchased a new stake in shares of Western Midstream Partners during the 4th quarter valued at about $51,000. Empowered Funds LLC acquired a new position in Western Midstream Partners during the 4th quarter worth approximately $53,000. Kieckhefer Group LLC purchased a new position in Western Midstream Partners in the 4th quarter worth approximately $58,000. Finally, Farther Finance Advisors LLC grew its position in Western Midstream Partners by 34.7% in the fourth quarter. Farther Finance Advisors LLC now owns 1,935 shares of the pipeline company's stock valued at $74,000 after acquiring an additional 498 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. US Capital Advisors raised shares of Western Midstream Partners from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada reissued a "sector perform" rating and issued a $41.00 price objective on shares of Western Midstream Partners in a research report on Monday, December 9th. Finally, 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, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $38.43.

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Western Midstream Partners Stock Down 0.4 %

Western Midstream Partners stock traded down $0.18 during midday trading on Tuesday, hitting $41.19. The stock had a trading volume of 552,686 shares, compared to its average volume of 1,191,487. The business has a fifty day moving average price of $40.82 and a 200 day moving average price of $39.48. Western Midstream Partners, LP has a 12 month low of $33.64 and a 12 month high of $43.33. The stock has a market cap of $15.71 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.40 and a beta of 2.88. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Western Midstream Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Investors of record on Monday, February 3rd were given a dividend of $0.875 per share. The ex-dividend date was Monday, February 3rd. This represents a $3.50 dividend on an annualized basis and a yield of 8.50%. Western Midstream Partners's dividend 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.