GSA Capital Partners LLP Purchases Shares of 30,581 Western Midstream Partners, LP (NYSE:WES)

GSA Capital Partners LLP purchased a new position in Western Midstream Partners, LP (NYSE:WES - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,581 shares of the pipeline company's stock, valued at approximately $1,253,000.

Several other large investors also recently bought and sold shares of WES. Princeton Global Asset Management LLC increased its position in Western Midstream Partners by 133.3% in the first quarter. Princeton Global Asset Management LLC now owns 700 shares of the pipeline company's stock worth $29,000 after purchasing an additional 400 shares during the last quarter. Cary Street Partners Financial LLC bought a new position in Western Midstream Partners during the fourth quarter valued at $39,000. Bessemer Group Inc. bought a new position in Western Midstream Partners during the first quarter valued at $41,000. Creative Financial Designs Inc. ADV bought a new position in Western Midstream Partners during the first quarter valued at $72,000. Finally, RE Dickinson Investment Advisors LLC increased its position in Western Midstream Partners by 21.8% during the fourth quarter. RE Dickinson Investment Advisors LLC now owns 2,168 shares of the pipeline company's stock valued at $83,000 after acquiring an additional 388 shares during the last quarter. Institutional investors own 84.82% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Mizuho cut their price objective on shares of Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.83.

Western Midstream Partners Trading Down 3.3%

Shares of NYSE WES traded down $1.34 during mid-day trading on Friday, reaching $39.39. The company had a trading volume of 940,179 shares, compared to its average volume of 799,814. The business's 50-day moving average is $38.98 and its 200-day moving average is $39.36. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 2.08. The stock has a market cap of $15.02 billion, a price-to-earnings ratio of 11.76 and a beta of 1.13. Western Midstream Partners, LP has a 52 week low of $33.60 and a 52 week high of $43.33.

Western Midstream Partners (NYSE:WES - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The pipeline company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.04). Western Midstream Partners had a return on equity of 38.52% and a net margin of 35.79%. The company had revenue of $917.12 million during the quarter, compared to the consensus estimate of $926.55 million. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company's revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts expect that Western Midstream Partners, LP will post 4.02 earnings per share for the current year.

Western Midstream Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Friday, August 1st will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Friday, August 1st. Western Midstream Partners's dividend payout ratio is presently 108.66%.

Western Midstream Partners 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.