Key Points
- Insider purchase: Director Robert Phillips bought 1,250 shares on March 11 at an average price of $40.19 (≈$50,237 total), increasing his stake 30.89% to 5,296 shares, as disclosed in an SEC Form 4.
- The company missed quarterly EPS ($0.47 vs. $0.91 expected) and reported $1.03B revenue vs. $1.06B expected, though revenue rose 11.1% year-over-year; it pays a $0.91 quarterly dividend (annualized $3.64) with a high 8.9% yield and a 121.33% payout ratio, raising sustainability questions.
- Shares trade around $40.95 (52-week range $33.60–$44.74) with a ~$16.1B market cap; analysts hold a consensus “Hold” rating (average target ≈$41.71) and institutional investors own about 84.8% of the stock.
Western Midstream Partners, LP (NYSE:WES - Get Free Report) Director Robert Phillips purchased 1,250 shares of the business's stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $40.19 per share, for a total transaction of $50,237.50. Following the completion of the acquisition, the director directly owned 5,296 shares in the company, valued at $212,846.24. The trade was a 30.89% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Western Midstream Partners Trading Up 0.7%
Western Midstream Partners stock traded up $0.28 during midday trading on Friday, reaching $40.95. The stock had a trading volume of 840,650 shares, compared to its average volume of 1,460,765. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.97. The firm has a market cap of $16.12 billion, a price-to-earnings ratio of 13.64 and a beta of 0.76. Western Midstream Partners, LP has a 52-week low of $33.60 and a 52-week high of $44.74. The company has a fifty day moving average of $41.35 and a 200 day moving average of $39.64.
Western Midstream Partners (NYSE:WES - Get Free Report) last released its earnings results on Wednesday, February 18th. The pipeline company reported $0.47 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.44). Western Midstream Partners had a net margin of 30.52% and a return on equity of 33.14%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company posted $0.85 EPS. The company's quarterly revenue was up 11.1% compared to the same quarter last year. On average, analysts anticipate that Western Midstream Partners, LP will post 4.02 earnings per share for the current fiscal year.
Western Midstream Partners Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Monday, February 2nd were paid a $0.91 dividend. The ex-dividend date was Monday, February 2nd. This represents a $3.64 dividend on an annualized basis and a yield of 8.9%. Western Midstream Partners's dividend payout ratio (DPR) is presently 121.33%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Western Midstream Partners from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of Western Midstream Partners from $39.00 to $41.00 and gave the company an "equal weight" rating in a research report on Friday. Royal Bank Of Canada raised their target price on shares of Western Midstream Partners from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Friday, November 28th. Wall Street Zen lowered Western Midstream Partners from a "buy" rating to a "hold" rating in a report on Saturday, December 27th. Finally, Stifel Nicolaus reduced their price objective on Western Midstream Partners from $43.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 20th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Western Midstream Partners currently has a consensus rating of "Hold" and an average target price of $41.71.
View Our Latest Stock Analysis on WES
Hedge Funds Weigh In On Western Midstream Partners
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alps Advisors Inc. increased its holdings in Western Midstream Partners by 0.9% during the fourth quarter. Alps Advisors Inc. now owns 35,074,357 shares of the pipeline company's stock valued at $1,385,437,000 after buying an additional 299,631 shares during the period. Invesco Ltd. boosted its position in Western Midstream Partners by 0.3% during the 3rd quarter. Invesco Ltd. now owns 24,292,437 shares of the pipeline company's stock valued at $954,450,000 after acquiring an additional 81,183 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Western Midstream Partners by 10.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 9,562,213 shares of the pipeline company's stock valued at $377,707,000 after acquiring an additional 936,376 shares in the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in shares of Western Midstream Partners by 15.8% in the 4th quarter. Tortoise Capital Advisors L.L.C. now owns 8,539,175 shares of the pipeline company's stock valued at $337,297,000 after acquiring an additional 1,163,991 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Western Midstream Partners in the 3rd quarter worth $300,257,000. 84.82% of the stock is currently owned by institutional investors.
About Western Midstream Partners
(
Get Free Report)
Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership's primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.
The company's asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.
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