CFM Wealth Partners LLC Boosts Stock Holdings in Western Midstream Partners, LP (NYSE:WES)

CFM Wealth Partners LLC grew its position in Western Midstream Partners, LP (NYSE:WES - Free Report) by 28.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,944 shares of the pipeline company's stock after purchasing an additional 9,904 shares during the period. CFM Wealth Partners LLC's holdings in Western Midstream Partners were worth $1,841,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its holdings in Western Midstream Partners by 4.1% during the first quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,333,624 shares of the pipeline company's stock worth $54,625,000 after buying an additional 53,027 shares during the last quarter. Jaffetilchin Investment Partners LLC bought a new stake in shares of Western Midstream Partners during the 1st quarter worth approximately $200,000. Creative Financial Designs Inc. ADV acquired a new stake in Western Midstream Partners in the first quarter valued at $72,000. Sequoia Financial Advisors LLC bought a new position in Western Midstream Partners during the first quarter worth about $262,000. Finally, Bessemer Group Inc. acquired a new position in shares of Western Midstream Partners during the 1st quarter worth approximately $41,000. Institutional investors and hedge funds own 84.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded Western Midstream Partners from a "hold" rating to a "buy" rating in a research note on Saturday, March 8th. Mizuho decreased their price target on Western Midstream Partners from $45.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 20th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $39.83.

Western Midstream Partners Trading Up 1.3%

Shares of Western Midstream Partners stock traded up $0.50 during midday trading on Wednesday, reaching $39.08. The company had a trading volume of 735,689 shares, compared to its average volume of 1,197,647. The firm has a market cap of $14.90 billion, a PE ratio of 11.67 and a beta of 1.08. Western Midstream Partners, LP has a fifty-two week low of $33.60 and a fifty-two week high of $43.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a fifty day moving average price of $38.17 and a 200 day moving average price of $39.26.

Western Midstream Partners (NYSE:WES - Get Free Report) last announced its earnings results on Wednesday, May 7th. The pipeline company reported $0.79 earnings per share 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 firm had revenue of $917.12 million for the quarter, compared to the consensus estimate of $926.55 million. During the same period in the prior year, the business earned $1.47 EPS. Western Midstream Partners's quarterly revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Western Midstream Partners, LP will post 4.02 earnings per share for the current year.

Western Midstream Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Friday, May 2nd were issued a $0.91 dividend. This is an increase from Western Midstream Partners's previous quarterly dividend of $0.88. This represents a $3.64 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date of this dividend was Friday, May 2nd. Western Midstream Partners's payout ratio is presently 108.66%.

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.