Western Gas Partners LP (WES) Stock Declined While Magnetar Financial LLC Trimmed Holding

Western Gas Partners, LP (NYSE:WES) LogoInvestors sentiment decreased to 0.92 in 2018 Q2. Its down 0.29, from 1.21 in 2018Q1. It turned negative, as 18 investors sold WES shares while 57 reduced holdings. 17 funds opened positions while 52 raised stakes. 85.41 million shares or 4.43% less from 89.37 million shares in 2018Q1 were reported. Virtu Ltd Liability Co holds 20,260 shares or 0.16% of its portfolio. Cohen Steers Inc stated it has 0.01% of its portfolio in Western Gas Partners, LP (NYSE:WES). Engy Income Partners Ltd Co reported 0.32% in Western Gas Partners, LP (NYSE:WES). Apollo Mgmt LP holds 0.03% or 94,400 shares in its portfolio. C V Starr holds 10.3% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 50,000 shares. Of Vermont has 0.02% invested in Western Gas Partners, LP (NYSE:WES). Regions Financial Corporation has invested 0% in Western Gas Partners, LP (NYSE:WES). Blair William Il invested 0.03% in Western Gas Partners, LP (NYSE:WES). Lucas Cap has 4,312 shares. Signaturefd Limited Liability accumulated 7,725 shares. Lpl Financial Lc has invested 0% of its portfolio in Western Gas Partners, LP (NYSE:WES). Clearbridge Limited Liability Com invested in 0.09% or 2.34 million shares. 120,408 were accumulated by Starr. Envestnet Asset Management holds 0% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 2,004 shares. 33,765 were reported by Janney Montgomery Scott Lc.

Magnetar Financial Llc decreased its stake in Western Gas Partners Lp (WES) by 30.91% based on its latest 2018Q2 regulatory filing with the SEC. Magnetar Financial Llc sold 515,704 shares as the company’s stock declined 0.20% while stock markets rallied. The hedge fund held 1.15 million shares of the public utilities company at the end of 2018Q2, valued at $55.79M, down from 1.67 million at the end of the previous reported quarter. Magnetar Financial Llc who had been investing in Western Gas Partners Lp for a number of months, seems to be less bullish one the $7.05B market cap company. The stock increased 0.33% or $0.15 during the last trading session, reaching $45.42. About 702,711 shares traded. Western Gas Partners, LP (NYSE:WES) has declined 0.02% since December 8, 2017 and is downtrending. It has underperformed by 15.64% the S&P500.

Magnetar Financial Llc, which manages about $13.74B and $5.18 billion US Long portfolio, upped its stake in Ggp Inc by 1.54 million shares to 2.20M shares, valued at $44.97 million in 2018Q2, according to the filing. It also increased its holding in Gramercy Ppty Tr by 7.46M shares in the quarter, for a total of 7.47 million shares, and has risen its stake in Cabot Oil & Gas Corp (NYSE:COG).

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on February, 21. They expect $0.76 earnings per share, up 94.87 % or $0.37 from last year’s $0.39 per share. WES’s profit will be $117.95M for 14.94 P/E if the $0.76 EPS becomes a reality. After $0.39 actual earnings per share reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 94.87 % EPS growth.

More notable recent Western Gas Partners, LP (NYSE:WES) news were published by: Seekingalpha.com which released: “Western Gas Partners, L.P. 2018 Q2 – Results – Earnings Call Slides – Seeking Alpha” on August 01, 2018, also Fool.com with their article: “This Oil Stock Is Lavishing More Cash on Its Shareholders – The Motley Fool” published on November 16, 2018, Seekingalpha.com published: “Western Gas Partners, L.P. (WES) CEO Benjamin Fink on Q2 2018 Results – Earnings Call Transcript – Seeking Alpha” on August 01, 2018. More interesting news about Western Gas Partners, LP (NYSE:WES) were released by: Bizjournals.com and their article: “5 things to know in Texas energy this week – Houston Business Journal” published on November 26, 2018 as well as Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for Western Gas Partners, LP, HCA Healthcare, DHI Group, AEterna Zentaris, Tsakos Energy Navigation, and Acme United — Fundamental Analysis, Key Performance Indications – GlobeNewswire” with publication date: November 16, 2018.

Western Gas Partners, LP (NYSE:WES) Ratings Coverage

Among 7 analysts covering Western Gas Partners (NYSE:WES), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Western Gas Partners had 11 analyst reports since June 12, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 2 by Stifel Nicolaus. Morgan Stanley maintained Western Gas Partners, LP (NYSE:WES) rating on Friday, August 17. Morgan Stanley has “Equal-Weight” rating and $51 target. The firm earned “Buy” rating on Wednesday, November 7 by Bank of America. Wells Fargo maintained the shares of WES in report on Monday, September 24 with “Market Perform” rating. The stock has “Neutral” rating by Bank of America on Monday, October 1. The firm has “Equal-Weight” rating given on Tuesday, June 12 by Barclays Capital. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, October 12. Credit Suisse maintained Western Gas Partners, LP (NYSE:WES) on Monday, November 12 with “Neutral” rating. The firm earned “Buy” rating on Tuesday, July 31 by Citigroup. Barclays Capital maintained the stock with “Equal-Weight” rating in Wednesday, August 29 report.

Western Gas Partners, LP (NYSE:WES) Institutional Positions Chart

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