Large Outflow of Money Witnessed in Western Gas Equity Partners LP

Western Gas Equity Partners LP (WGP): The stock had negative money flow to the tune of ($2.7 million) on Friday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $1.17 million, whereas, the outflow of money on downticks was $3.87 million and the ratio between the two was 0.3. The block trade had a negative net money flow of ($2.75 million). On the other hand, downticks amounted to $2.75 million of the traded value, which shows distribution in the stock by traders. Western Gas Equity Partners LP (WGP) closed with marginal gains of 7 cents to end the day at $36.84, an increase of 0.19% over the previous days close. The stock recorded 0.82% for the week.


In the past twelve weeks, the net percent change held by company insiders has changed by -28.46% . Institutional Investors own 17.5% of Western Gas Equity Partners LP shares. During last six month period, the net percent change held by insiders has seen a change of -54.41%.

In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (CEO, President & Director) of Western Gas Equity Partners, Lp, Sinclair Donald R. had sold 50,000 shares worth of $1,813,000 in a transaction dated June 17, 2016. In this transaction, 50,000 shares were sold at $36.26 per share.

Western Gas Equity Partners LP (NYSE:WGP): The stock opened at $36.53 and touched an intraday high of $37.12 on Friday. During the day, the stock corrected to an intraday low of $35.81, however, the bulls stepped in and pushed the price higher to close in the green at $37.12 with a gain of 0.95% for the day. The total traded volume for the day was 305,733. The stock had closed at $36.77 in the previous trading session.

Western Gas Equity Partners LP (WGP) : Traders are bullish on Western Gas Equity Partners LP (WGP) as it has outperformed the S&P 500 by a wide margin of 1.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.08%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.59% in the last 1 week, and is up 1.37% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Western Gas Equity Partners, LP (WGP) owns, operates, acquires and develops midstream energy assets. Through its subsidiary Western Gas Partners, LP (WES), the Company 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. WESs assets are located in the Rocky Mountains (Colorado, Utah and Wyoming), the Mid-Continent (Kansas and Oklahoma), North-central Pennsylvania and Texas. WESs operations and activities are managed by its general partner, WES GP, which is its wholly owned subsidiary. Anadarko, which owns its general partner, WGP GP, and an 88.3% limited partner interest, is an oil and gas exploration and production company.

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