Moody National Bank Trust Division Lowers Stock Holdings in Western Midstream Partners, LP (NYSE:WES)

Moody National Bank Trust Division lowered its position in shares of Western Midstream Partners, LP (NYSE:WES) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,293 shares of the pipeline company’s stock after selling 593 shares during the period. Moody National Bank Trust Division’s holdings in Western Midstream Partners were worth $280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Adams Asset Advisors LLC raised its holdings in shares of Western Midstream Partners by 0.7% in the 4th quarter. Adams Asset Advisors LLC now owns 323,781 shares of the pipeline company’s stock valued at $12,443,000 after acquiring an additional 2,139 shares in the last quarter. Kieckhefer Group LLC bought a new position in shares of Western Midstream Partners in the fourth quarter worth approximately $58,000. Wealth Enhancement Advisory Services LLC raised its stake in Western Midstream Partners by 9.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 35,838 shares of the pipeline company’s stock valued at $1,371,000 after purchasing an additional 3,050 shares in the last quarter. Avondale Wealth Management bought a new stake in Western Midstream Partners during the fourth quarter valued at approximately $77,000. Finally, Chickasaw Capital Management LLC grew its stake in Western Midstream Partners by 1.5% in the 4th quarter. Chickasaw Capital Management LLC now owns 6,755,387 shares of the pipeline company’s stock worth $259,610,000 after buying an additional 99,518 shares in the last quarter. Institutional investors own 84.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Western Midstream Partners from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 28th. Royal Bank of Canada restated a “sector perform” rating and set a $41.00 price target on shares of Western Midstream Partners in a research report on Monday, December 9th. UBS Group cut their price objective on Western Midstream Partners from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Friday, November 15th. US Capital Advisors raised Western Midstream Partners from a “hold” rating to a “moderate buy” rating in a report on Tuesday, November 26th. Finally, Bank of America assumed coverage on Western Midstream Partners in a research note on Thursday, October 17th. They issued an “underperform” rating and a $37.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $37.88.

Western Midstream Partners Stock Performance

Shares of WES stock opened at $41.18 on Thursday. 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, LP has a fifty-two week low of $27.49 and a fifty-two week high of $42.80. The company has a market capitalization of $15.67 billion, a P/E ratio of 10.51, a PEG ratio of 1.08 and a beta of 2.90. The stock has a 50 day moving average price of $38.96 and a two-hundred day moving average price of $39.09.

Western Midstream Partners (NYSE:WES) last announced its quarterly earnings results on Wednesday, November 6th. The pipeline company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.09). Western Midstream Partners had a net margin of 42.99% and a return on equity of 46.02%. The firm had revenue of $883.36 million for the quarter, compared to analysts’ expectations of $924.83 million. During the same period in the previous year, the company earned $0.70 EPS. The company’s quarterly revenue was up 13.8% on a year-over-year basis. Analysts expect that Western Midstream Partners, LP will post 4.03 earnings per share for the current year.

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.