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

Key Points

• Terril Brothers Inc. reduced its stake in Western Midstream Partners, LP by 1.9%, making WES their 5th largest position at 6.8% of their investment portfolio.
• Western Midstream Partners reported an EPS of $0.87, exceeding estimates, with a revenue of $942.32 million for the last quarter.
• The company declared a quarterly dividend of $0.91 per share, yielding approximately 9.7% annually, with a payout ratio currently at 112.00%.

Terril Brothers Inc. trimmed its stake in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) 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 - Get Free Report) 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.