Western Midstream Partners (NYSE:WES) Hits New 52-Week Low – Should You Sell?

by · The Cerbat Gem

Shares of Western Midstream Partners, LP (NYSE:WES – Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $33.60 and last traded at $35.91, with a volume of 1231830 shares traded. The stock had previously closed at $34.99.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Western Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, March 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.43.

View Our Latest Analysis on WES

Western Midstream Partners Trading Up 1.9 %

The company has a market cap of $13.95 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 1.40 and a beta of 2.40. The firm has a fifty day moving average price of $39.85 and a 200 day moving average price of $39.43. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.11.

Western Midstream Partners Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 14th. Stockholders of record on Monday, February 3rd were given a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 9.57%. The ex-dividend date of this dividend was Monday, February 3rd. Western Midstream Partners’s dividend payout ratio (DPR) is presently 86.85%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of WES. Invesco Ltd. grew its holdings in Western Midstream Partners by 6.6% during the fourth quarter. Invesco Ltd. now owns 22,809,161 shares of the pipeline company’s stock worth $876,556,000 after purchasing an additional 1,406,362 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Western Midstream Partners by 23.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,273,186 shares of the pipeline company’s stock valued at $279,509,000 after buying an additional 1,366,341 shares during the last quarter. Stifel Financial Corp boosted its stake in shares of Western Midstream Partners by 624.5% during the 4th quarter. Stifel Financial Corp now owns 785,096 shares of the pipeline company’s stock worth $30,171,000 after acquiring an additional 676,729 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Western Midstream Partners by 60.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,785,105 shares of the pipeline company’s stock worth $68,298,000 after acquiring an additional 670,440 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Western Midstream Partners by 83.1% during the 4th quarter. Barclays PLC now owns 1,404,381 shares of the pipeline company’s stock worth $53,971,000 after acquiring an additional 637,266 shares during the last quarter. 84.82% of the stock is currently owned by institutional investors and hedge funds.

About Western Midstream Partners

(Get Free Report)

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.

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