Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Western Midstream Partners LP (NYSE:WES) by 65.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,021 shares of the pipeline company’s stock after purchasing an additional 5,531 shares during the period. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Western Midstream Partners were worth $440,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Executive Wealth Management LLC bought a new position in shares of Western Midstream Partners during the 4th quarter valued at about $25,000. Ffcm LLC lifted its holdings in shares of Western Midstream Partners by 50.0% during the 4th quarter. Ffcm LLC now owns 717 shares of the pipeline company’s stock valued at $30,000 after purchasing an additional 239 shares in the last quarter. Berman Capital Advisors LLC bought a new position in shares of Western Midstream Partners during the 4th quarter valued at about $33,000. Bessemer Group Inc. lifted its stake in Western Midstream Partners by 61.0% in the 4th quarter. Bessemer Group Inc. now owns 800 shares of the pipeline company’s stock valued at $34,000 after acquiring an additional 303 shares in the last quarter. Finally, Advisor Group Inc. lifted its stake in Western Midstream Partners by 25.4% in the 4th quarter. Advisor Group Inc. now owns 1,234 shares of the pipeline company’s stock valued at $52,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 42.58% of the company’s stock.

Shares of NYSE:WES traded up $0.02 during trading on Thursday, hitting $31.85. 2,119 shares of the company were exchanged, compared to its average volume of 1,144,829. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 12.69 and a beta of 1.54. Western Midstream Partners LP has a fifty-two week low of $25.89 and a fifty-two week high of $38.62. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.37.

Western Midstream Partners (NYSE:WES) last posted its quarterly earnings results on Thursday, February 14th. The pipeline company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.65). The company had revenue of $557.79 million for the quarter, compared to analyst estimates of $521.78 million. Western Midstream Partners had a return on equity of 11.72% and a net margin of 19.06%. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. During the same period last year, the firm earned $0.39 EPS. As a group, analysts anticipate that Western Midstream Partners LP will post 2.33 earnings per share for the current year.

Several research firms have commented on WES. ValuEngine upgraded Western Midstream Partners from a “hold” rating to a “buy” rating in a research note on Tuesday, February 19th. Zacks Investment Research upgraded Western Midstream Partners from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research note on Wednesday, February 20th. Wells Fargo & Co restated a “hold” rating on shares of Western Midstream Partners in a research note on Tuesday, February 19th. M Partners boosted their target price on Western Midstream Partners from $42.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, February 15th. Finally, Stifel Nicolaus cut Western Midstream Partners from a “buy” rating to a “hold” rating and cut their target price for the company from $56.00 to $45.00 in a research note on Friday, December 21st. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Western Midstream Partners presently has an average rating of “Hold” and a consensus price target of $47.20.

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Western Midstream Partners Profile

Western Gas Equity Partners, LP, together with its subsidiaries, engages in the gathering, processing, compressing, treating, stabilizing, and transporting natural gas, condensate, natural gas liquids, and crude oil primarily in the United States. It is also involved in the gathering and disposing of produced water; and buying and selling of natural gas.

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Institutional Ownership by Quarter for Western Midstream Partners (NYSE:WES)

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