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. reduced its position in shares of Western Midstream Partners, LP (NYSE:WES - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,336 shares of the pipeline company's stock after selling 7,200 shares during the quarter. Western Midstream Partners accounts for approximately 6.8% of Terril Brothers Inc.'s investment portfolio, making the stock its 5th biggest holding. Terril Brothers Inc. owned approximately 0.10% of Western Midstream Partners worth $15,046,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Princeton Global Asset Management LLC increased its holdings in Western Midstream Partners by 133.3% in the 1st quarter. Princeton Global Asset Management LLC now owns 700 shares of the pipeline company's stock valued at $29,000 after purchasing an additional 400 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in Western Midstream Partners in the 4th quarter valued at approximately $39,000. Bessemer Group Inc. acquired a new stake in Western Midstream Partners in the 1st quarter valued at approximately $41,000. Creative Financial Designs Inc. ADV acquired a new stake in Western Midstream Partners in the 1st quarter valued at approximately $72,000. Finally, State of Wyoming increased its holdings in Western Midstream Partners by 40.6% in the 4th quarter. State of Wyoming now owns 3,323 shares of the pipeline company's stock valued at $128,000 after purchasing an additional 960 shares during the last quarter. 84.82% of the stock is owned by hedge funds and other institutional investors.

Western Midstream Partners Stock Down 0.3%

Shares of NYSE:WES traded down $0.11 during trading on Friday, hitting $38.53. The company's stock had a trading volume of 1,428,591 shares, compared to its average volume of 1,322,091. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.30 and a current ratio of 1.30. The business has a 50 day moving average price of $39.14 and a two-hundred day moving average price of $39.15. The company has a market capitalization of $14.69 billion, a PE ratio of 11.86 and a beta of 1.13. Western Midstream Partners, LP has a fifty-two week low of $33.60 and a fifty-two week high of $43.33.

Western Midstream Partners (NYSE:WES - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The pipeline company reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates 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 firm had revenue of $942.32 million during the quarter, compared to analysts' expectations of $954.17 million. During the same period in the previous year, the company earned $0.97 earnings per share. Western Midstream Partners's quarterly revenue was up 4.1% compared to the same quarter last year. As a group, research analysts expect that Western Midstream Partners, LP will post 4.02 EPS for the current fiscal year.

Western Midstream Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 1st were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date of this dividend was Friday, August 1st. Western Midstream Partners's dividend payout ratio is presently 112.00%.

Analyst Ratings Changes

Separately, Mizuho dropped their target price on shares of Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, May 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Western Midstream Partners has a consensus rating of "Hold" and an average price target of $39.80.

About Western Midstream Partners

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.