XTX Topco Ltd Grows Stock Holdings in Western Midstream Partners, LP (NYSE:WES)

XTX Topco Ltd grew its position in Western Midstream Partners, LP (NYSE:WES) by 68.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,681 shares of the pipeline company’s stock after buying an additional 11,630 shares during the quarter. XTX Topco Ltd’s holdings in Western Midstream Partners were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GSA Capital Partners LLP acquired a new position in Western Midstream Partners in the 1st quarter valued at about $1,967,000. Wells Fargo & Company MN lifted its holdings in Western Midstream Partners by 7.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,260,436 shares of the pipeline company’s stock worth $36,880,000 after buying an additional 89,444 shares in the last quarter. DRW Securities LLC purchased a new position in Western Midstream Partners in the 4th quarter valued at approximately $1,550,000. BNP Paribas Financial Markets grew its stake in shares of Western Midstream Partners by 174.3% in the first quarter. BNP Paribas Financial Markets now owns 417,302 shares of the pipeline company’s stock worth $14,835,000 after acquiring an additional 265,143 shares in the last quarter. Finally, Miller Howard Investments Inc. NY increased its position in shares of Western Midstream Partners by 3.2% during the first quarter. Miller Howard Investments Inc. NY now owns 1,418,703 shares of the pipeline company’s stock worth $50,435,000 after acquiring an additional 44,176 shares during the period. Hedge funds and other institutional investors own 42.94% of the company’s stock.

Western Midstream Partners Stock Down 0.7 %

WES stock opened at $38.72 on Friday. The stock has a market cap of $14.73 billion, a P/E ratio of 10.91, a PEG ratio of 0.75 and a beta of 2.87. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 2.08. Western Midstream Partners, LP has a twelve month low of $26.14 and a twelve month high of $42.80. The company’s 50 day moving average is $39.21 and its two-hundred day moving average is $37.65.

Western Midstream Partners (NYSE:WES) last announced its quarterly earnings results on Wednesday, August 7th. The pipeline company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.88 by $0.09. The firm had revenue of $905.63 million for the quarter, compared to analyst estimates of $904.94 million. Western Midstream Partners had a net margin of 44.01% and a return on equity of 47.19%. Western Midstream Partners’s revenue for the quarter was up 22.7% compared to the same quarter last year. During the same period last year, the business earned $0.64 EPS. Research analysts expect that Western Midstream Partners, LP will post 4.16 earnings per share for the current fiscal year.

Western Midstream Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Investors of record on Thursday, August 1st were paid a dividend of $0.875 per share. The ex-dividend date of this dividend was Thursday, August 1st. This represents a $3.50 dividend on an annualized basis and a yield of 9.04%. Western Midstream Partners’s dividend payout ratio is presently 98.59%.

Insiders Place Their Bets

In other news, major shareholder Petroleum Corp /De/ Occidental sold 19,500,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $35.75, for a total transaction of $697,125,000.00. Following the transaction, the insider now directly owns 165,681,578 shares in the company, valued at $5,923,116,413.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.04% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on WES shares. Royal Bank of Canada boosted their target price on Western Midstream Partners from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 27th. StockNews.com downgraded Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Stifel Nicolaus raised their target price on shares of Western Midstream Partners from $39.00 to $40.00 and gave the company a “hold” rating in a report on Friday, August 9th. UBS Group boosted their price target on shares of Western Midstream Partners from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley downgraded shares of Western Midstream Partners from an “overweight” rating to an “equal weight” rating and set a $42.00 price objective on the stock. in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Western Midstream Partners currently has a consensus rating of “Hold” and a consensus price target of $36.75.

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.