Western Midstream Partners, LP (NYSE:WES) is Terril Brothers Inc.’s 5th Largest Position

Terril Brothers Inc. trimmed its stake in shares of Western Midstream Partners, LP (NYSE:WES) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 367,336 shares of the pipeline company’s stock after selling 7,200 shares during the period. Western Midstream Partners makes up 6.8% of Terril Brothers Inc.’s investment portfolio, making the stock its 5th largest holding. Terril Brothers Inc. owned 0.10% of Western Midstream Partners worth $15,046,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. HighTower Advisors LLC grew its position in Western Midstream Partners by 5.6% during the first quarter. HighTower Advisors LLC now owns 103,505 shares of the pipeline company’s stock valued at $4,240,000 after buying an additional 5,497 shares during the period. Longfellow Investment Management Co. LLC grew its position in Western Midstream Partners by 90.5% during the first quarter. Longfellow Investment Management Co. LLC now owns 985,718 shares of the pipeline company’s stock valued at $40,375,000 after buying an additional 468,303 shares during the period. Nuveen LLC bought a new stake in Western Midstream Partners during the first quarter valued at approximately $292,000. Linscomb Wealth Inc. grew its position in Western Midstream Partners by 4.5% during the first quarter. Linscomb Wealth Inc. now owns 12,068 shares of the pipeline company’s stock valued at $494,000 after buying an additional 518 shares during the period. Finally, Invesco Ltd. grew its position in Western Midstream Partners by 7.1% during the first quarter. Invesco Ltd. now owns 24,417,770 shares of the pipeline company’s stock valued at $1,000,152,000 after buying an additional 1,608,609 shares during the period. 84.82% of the stock is owned by hedge funds and other institutional investors.

Western Midstream Partners Trading Down 1.5%

Shares of WES opened at $37.55 on Tuesday. The company has a market cap of $14.32 billion, a P/E ratio of 11.55 and a beta of 1.13. Western Midstream Partners, LP has a twelve month low of $33.60 and a twelve month high of $43.33. The company’s fifty day simple moving average is $39.08 and its 200-day simple moving average is $39.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 2.08.

Western Midstream Partners (NYSE:WES) last posted its quarterly earnings results on Wednesday, August 6th. The pipeline company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.82 by $0.05. Western Midstream Partners had a net margin of 34.45% and a return on equity of 37.70%. The company had revenue of $942.32 million for the quarter, compared to the consensus estimate of $954.17 million. During the same quarter last year, the firm posted $0.97 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts expect that Western Midstream Partners, LP will post 4.02 EPS for the current year.

Western Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Friday, August 1st will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 9.7%. The ex-dividend date is Friday, August 1st. Western Midstream Partners’s dividend payout ratio is presently 112.00%.

Analyst Ratings Changes

Separately, Mizuho dropped their price target on shares of Western Midstream Partners from $45.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, May 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.80.

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.