BNP Paribas Financial Markets Buys 443,950 Shares of Western Midstream Partners, LP $WES

Posted by Geri Gentry on Jun 3rd, 2026

BNP Paribas Financial Markets grew its stake in shares of Western Midstream Partners, LP (NYSE:WES – Free Report) by 42.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,499,691 shares of the pipeline company’s stock after acquiring an additional 443,950 shares during the period. BNP Paribas Financial Markets’ holdings in Western Midstream Partners were worth $59,238,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of WES. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Western Midstream Partners during the third quarter valued at about $300,257,000. Berkley W R Corp purchased a new position in shares of Western Midstream Partners during the third quarter worth about $34,857,000. CIBC Bancorp USA Inc. purchased a new position in shares of Western Midstream Partners during the third quarter worth about $32,153,000. Bank of America Corp DE grew its holdings in shares of Western Midstream Partners by 31.2% during the third quarter. Bank of America Corp DE now owns 1,872,394 shares of the pipeline company’s stock worth $73,566,000 after purchasing an additional 445,663 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of Western Midstream Partners by 21.2% during the fourth quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT now owns 1,540,900 shares of the pipeline company’s stock worth $60,866,000 after purchasing an additional 270,000 shares in the last quarter. 84.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WES has been the subject of several recent analyst reports. Citigroup boosted their price objective on Western Midstream Partners from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. UBS Group boosted their price objective on Western Midstream Partners from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 21st. Wells Fargo & Company boosted their price objective on Western Midstream Partners from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 13th. Wall Street Zen raised Western Midstream Partners from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, US Capital Advisors raised Western Midstream Partners from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.75.

Read Our Latest Stock Report on WES

Insider Buying and Selling at Western Midstream Partners

In related news, Director Robert G. Phillips acquired 1,250 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of $40.19 per share, with a total value of $50,237.50. Following the completion of the purchase, the director owned 5,296 shares in the company, valued at $212,846.24. This trade represents a 30.89% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.04% of the company’s stock.

Western Midstream Partners Stock Performance

NYSE:WES opened at $43.63 on Wednesday. The firm has a market cap of $17.18 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 1.84 and a beta of 0.68. Western Midstream Partners, LP has a fifty-two week low of $36.90 and a fifty-two week high of $48.01. The company has a debt-to-equity ratio of 2.34, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $42.68 and a 200-day moving average price of $41.25.

Western Midstream Partners (NYSE:WES – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The pipeline company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $1.12 billion during the quarter, compared to analyst estimates of $1.01 billion. Western Midstream Partners had a return on equity of 33.89% and a net margin of 29.98%.The business’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Equities research analysts predict that Western Midstream Partners, LP will post 3.41 earnings per share for the current year.

Western Midstream Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Friday, May 1st were paid a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 8.5%. This is a boost from Western Midstream Partners’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Friday, May 1st. Western Midstream Partners’s payout ratio is currently 121.57%.

Western Midstream Partners Company Profile

(Free Report)

Western Midstream Partners, LP (NYSE: WES) is a midstream energy infrastructure company that owns, operates and develops an integrated network of crude oil, natural gas and produced water gathering, processing, transportation and storage assets in the United States. The partnership’s primary offerings include pipeline transportation, fractionation services, natural gas liquids (NGL) logistics and produced water handling. Through its fee-based and commodity-based contracts, Western Midstream provides its customers with essential services that support efficient energy production and distribution.

The company’s asset portfolio spans key onshore basins, including the Delaware Basin in West Texas and southeastern New Mexico, the San Juan Basin in New Mexico and Colorado, and the Denver-Julesburg Basin in Colorado.