Western Midstream Partners LP’s recent filing unveils that its Officer Ure Michael acquired Company’s shares for reported $0.66 million on Nov 27 ’24. In the deal valued at $40.01 per share,16,558 shares were bought.
Then, OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares, generating $697,125,000 in total proceeds. Upon selling the shares at $35.75, the 10% Owner now owns 165,681,578 shares.
Before that, OCCIDENTAL PETROLEUM CORP /DE/ sold 19,500,000 shares. Western Midstream Partners LP shares valued at $697,125,000 were divested by the 10% Owner at a price of $35.75 per share. As a result of the transaction, OCCIDENTAL PETROLEUM CORP /DE/ now holds 165,681,578 shares, worth roughly $6.82 billion.
Morgan Stanley downgraded its Western Midstream Partners LP [WES] rating to an Underweight from a an Equal-weight in a research note published on October 25, 2024; the price target was decreased to $40 from $42. Morgan Stanley also remained covering WES and has decreased its forecast on September 16, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Stifel revised its rating on July 10, 2024. It rated WES as “a Hold” which previously was an “a Buy”.
Price Performance Review of WES
On Friday, Western Midstream Partners LP [NYSE:WES] saw its stock fall -4.01% to $41.15. Over the last five days, the stock has lost -2.83%. Western Midstream Partners LP shares have risen nearly 7.08% since the year began. Nevertheless, the stocks have risen 37.63% over the past one year. While a 52-week high of $43.33 was reached on 01/22/25, a 52-week low of $27.84 was recorded on 01/02/25. SMA at 50 days reached $39.85, while 200 days put it at $38.70.
Levels Of Support And Resistance For WES Stock
The 24-hour chart illustrates a support level at 40.38, which if violated will result in even more drops to 39.60. On the upside, there is a resistance level at 42.30. A further resistance level may holdings at 43.44. The Relative Strength Index (RSI) on the 14-day chart is 51.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.06%. Stochastics %K at 64.07% indicates the stock is a holding.
How much short interest is there in Western Midstream Partners LP?
A steep rise in short interest was recorded in Western Midstream Partners LP stocks on 2025-01-15, dropping by 76371.0 shares to a total of 5.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.18 million shares. There was a decline of -1.5%, which implies that there is a negative sentiment for the stock.
