Western Midstream Partners, LP (NYSE:WES) Short Interest Down 25.1% in March

Western Midstream Partners, LP (NYSE:WES - Get Free Report) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 4,480,000 shares, a decrease of 25.1% from the February 28th total of 5,980,000 shares. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is presently 3.4 days. Currently, 2.1% of the company's stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. StockNews.com raised Western Midstream Partners from a "hold" rating to a "buy" rating in a research report on Saturday, March 8th. Royal Bank of Canada restated a "sector perform" rating and set a $41.00 target price on shares of Western Midstream Partners in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $38.43.

Hedge Funds Weigh In On Western Midstream Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in WES. Cerity Partners LLC boosted its holdings in shares of Western Midstream Partners by 55.2% during the 3rd quarter. Cerity Partners LLC now owns 29,878 shares of the pipeline company's stock valued at $1,143,000 after acquiring an additional 10,624 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of Western Midstream Partners by 30.0% during the third quarter. D.A. Davidson & CO. now owns 44,704 shares of the pipeline company's stock worth $1,710,000 after purchasing an additional 10,319 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Western Midstream Partners by 14.5% in the 3rd quarter. HighTower Advisors LLC now owns 94,599 shares of the pipeline company's stock valued at $3,619,000 after buying an additional 11,974 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Western Midstream Partners during the third quarter worth about $250,000. Finally, Millburn Ridgefield Corp acquired a new position in shares of Western Midstream Partners in the third quarter worth approximately $86,000. Institutional investors own 84.82% of the company's stock.

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Western Midstream Partners Price Performance

Shares of Western Midstream Partners stock traded down $1.13 during trading on Thursday, reaching $40.48. 260,674 shares of the company's stock were exchanged, compared to its average volume of 1,221,105. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11. Western Midstream Partners has a 1-year low of $33.64 and a 1-year high of $43.33. The company has a market cap of $15.44 billion, a P/E ratio of 10.33, a PEG ratio of 1.40 and a beta of 2.40. The firm's 50-day moving average price is $40.78 and its 200 day moving average price is $39.61.

Western Midstream Partners Announces Dividend

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. This represents a $3.50 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners's dividend payout ratio is 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.