Western Gas Partners LP (WES) : Tortoise Capital Advisors L.l.c. reduced its stake in Western Gas Partners LP by 1.54% during the most recent quarter end. The investment management company now holds a total of 12,705,534 shares of Western Gas Partners LP which is valued at $629,559,210 after selling 198,654 shares in Western Gas Partners LP , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Western Gas Partners LP makes up approximately 4.40% of Tortoise Capital Advisors L.l.c.’s portfolio.
Other Hedge Funds, Including , Oppenheimerfunds boosted its stake in WES in the latest quarter, The investment management firm added 692,718 additional shares and now holds a total of 3,699,289 shares of Western Gas Partners LP which is valued at $183,299,770. Western Gas Partners LP makes up approx 0.23% of Oppenheimerfunds’s portfolio.Segall Bryant Hamill boosted its stake in WES in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 7,600 shares of Western Gas Partners LP which is valued at $376,580. Western Gas Partners LP makes up approx 0.01% of Segall Bryant Hamill’s portfolio.Alps Advisors Inc reduced its stake in WES by selling 316,799 shares or 6.16% in the most recent quarter. The Hedge Fund company now holds 4,828,546 shares of WES which is valued at $246,690,415. Western Gas Partners LP makes up approx 2.18% of Alps Advisors Inc’s portfolio.
Western Gas Partners LP opened for trading at $49.74 and hit $50.46 on the upside on Tuesday, eventually ending the session at $50.35, with a gain of 1.12% or 0.56 points. The heightened volatility saw the trading volume jump to 2,41,991 shares. Company has a market cap of $7,181 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.