Rr Advisors buys $76,852,050 stake in Western Gas Partners LP (WES)

Western Gas Partners LP (WES) : Rr Advisors scooped up 69,000 additional shares in Western Gas Partners LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 1,551,000 shares of Western Gas Partners LP which is valued at $76,852,050.Western Gas Partners LP makes up approximately 11.37% of Rr Advisors’s portfolio.

Other Hedge Funds, Including , Barrington Strategic Wealth Management Group boosted its stake in WES in the latest quarter, The investment management firm added 110 additional shares and now holds a total of 16,438 shares of Western Gas Partners LP which is valued at $814,503. Western Gas Partners LP makes up approx 0.46% of Barrington Strategic Wealth Management Group’s portfolio.Trust Co Of Vermont boosted its stake in WES in the latest quarter, The investment management firm added 396 additional shares and now holds a total of 5,396 shares of Western Gas Partners LP which is valued at $270,070. Western Gas Partners LP makes up approx 0.03% of Trust Co Of Vermont’s portfolio.Mai Capital Management reduced its stake in WES by selling 5,178 shares or 5.82% in the most recent quarter. The Hedge Fund company now holds 83,737 shares of WES which is valued at $4,095,577. Western Gas Partners LP makes up approx 0.33% of Mai Capital Management’s portfolio.

Western Gas Partners LP opened for trading at $50.48 and hit $51.19 on the upside on Monday, eventually ending the session at $51.16, with a gain of 1.21% or 0.61 points. The heightened volatility saw the trading volume jump to 1,85,210 shares. Company has a market cap of $7,296 M.

On the company’s financial health, Western Gas Partners LP reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 3, 2016. Analyst had a consensus of $0.40. The company had revenue of $383.10 million for the quarter, compared to analysts expectations of $413.72 million. The company’s revenue was down -12.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.26 EPS.

Western Gas Partners LP (the Partnership) is a master limited partnership (MLP) that owns operates acquires and develops midstream energy assets. The Partnership is engaged in the business of gathering processing compressing treating and transporting natural gas condensate Natural gas liquids (NGLs) and crude oil for Anadarko Petroleum Corporation (Anadarko) and its consolidated subsidiaries as well as third-party producers and customers. Anadarko is an independent oil and gas exploration and production company engaged in upstream oil and gas business and explores for and produces natural gas crude oil condensate and NGLs. The Partnership’s services include gathering stabilization compression treating and dehydration processing fractionation and storage transportation and marketing.

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