Magnetar Financial LLC Has Cut Western Gas Partners LP (WES) Position by $24.75 Million as Market Valuation Declined

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. Oppenheimer Asset Mngmt Incorporated reported 10,185 shares. 309,144 are held by First Republic Invest Mgmt. Sumitomo Mitsui Holdg has invested 0% of its portfolio in Western Gas Partners, LP (NYSE:WES). Security Tru holds 5,000 shares. Glob X Mngmt Co Ltd Co has invested 0.78% in Western Gas Partners, LP (NYSE:WES). Chickasaw Cap Mngmt Lc holds 2.98% or 2.93M shares in its portfolio. Mai Cap Management stated it has 0.17% of its portfolio in Western Gas Partners, LP (NYSE:WES). Tiedemann Advsrs Limited Liability reported 38,590 shares or 0.12% of all its holdings. Regions holds 1,252 shares or 0% of its portfolio. 7,800 were reported by Usca Ria. Castleark Ltd Company owns 90,361 shares. Hilton Mngmt Limited Company reported 33,340 shares or 0.26% of all its holdings. 14.96M are held by Tortoise Limited Liability. Hite Hedge Asset Mgmt Ltd Liability Co holds 0.94% or 123,962 shares in its portfolio. Moneta Group Inv Advisors Limited Liability Com accumulated 1,650 shares.

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 $55.79 million, down from 1.67M 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 $5.18B US Long portfolio, upped its stake in Rsp Permian Inc (NYSE:RSPP) by 3.05M shares to 4.98M shares, valued at $219.14 million in 2018Q2, according to the filing. It also increased its holding in Royal Dutch Shell Plc by 375,000 shares in the quarter, for a total of 912,035 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV).

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on February, 21. They expect $0.76 EPS, 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 EPS 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 Bizjournals.com with their article: “Here’s what Anadarko is paying its newly promoted executives – Houston Business Journal” published on November 21, 2018, Seekingalpha.com published: “Western Gas Partners, Western Gas Equity Partners to merge – Seeking Alpha” on November 08, 2018. More interesting news about Western Gas Partners, LP (NYSE:WES) were released by: Globenewswire.com and their article: “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” published on November 16, 2018 as well as Seekingalpha.com‘s news article titled: “Williams Companies Moving Back Into The Delaware Basin – Seeking Alpha” with publication date: November 19, 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 stock of Western Gas Partners, LP (NYSE:WES) has “Buy” rating given on Tuesday, July 31 by Citigroup. Barclays Capital maintained the shares of WES in report on Tuesday, June 12 with “Equal-Weight” rating. The firm earned “Equal-Weight” rating on Wednesday, August 29 by Barclays Capital. The rating was maintained by Bank of America with “Neutral” on Monday, October 1. The firm earned “Market Perform” rating on Monday, September 24 by Wells Fargo. The rating was maintained by Morgan Stanley on Friday, August 17 with “Equal-Weight”. Credit Suisse maintained it with “Neutral” rating and $47 target in Monday, November 12 report. As per Friday, October 12, the company rating was maintained by Barclays Capital. Bank of America upgraded Western Gas Partners, LP (NYSE:WES) on Wednesday, November 7 to “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $64 target in Thursday, August 2 report.

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

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