As Western Gas Partners LP (WES) Share Value Declined, Magnetar Financial LLC Decreased Position by $24.75 Million

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 dived, 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. Fincl Bank Of Mellon owns 29,801 shares or 0% of their US portfolio. The Texas-based Rr Advisors Ltd Liability Corporation has invested 6.35% in Western Gas Partners, LP (NYSE:WES). 20,130 are held by Albert D Mason Inc. Carroll Fincl Associate invested in 200 shares or 0% of the stock. Penn Davis Mcfarland Inc reported 5,500 shares. Royal Retail Bank Of Canada holds 0% or 41,410 shares. Cincinnati Insurance reported 56,828 shares. 298,995 were accumulated by Cadence Mngmt Ltd Llc. Duff & Phelps Inv Mgmt invested in 823,000 shares. Moneta Gru Investment Advsr Ltd accumulated 1,650 shares. Van Eck Assocs Corporation accumulated 17,516 shares. Salem Counselors holds 1,000 shares or 0% of its portfolio. Ameriprise Finance reported 17,367 shares stake. Evergreen Cap Mngmt owns 0.7% invested in Western Gas Partners, LP (NYSE:WES) for 153,227 shares. Clearbridge Invs Ltd Company holds 0.09% or 2.34M shares in its portfolio.

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 1.15M 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 $7.05 billion 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 $13.74 billion and $5.18 billion US Long portfolio, upped its stake in Pinnacle Foods Inc Del (NYSE:PF) by 2.69 million shares to 2.70 million shares, valued at $175.36M in 2018Q2, according to the filing. It also increased its holding in Williams Cos Inc Del (NYSE:WMB) by 262,559 shares in the quarter, for a total of 3.09M shares, and has risen its stake in Marathon Pete Corp (NYSE:MPC).

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 $117.95 million 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: Bizjournals.com which released: “Billionaire chairman of D.C. conglomerate backing Wes Anderson’s next film – Washington Business Journal” on December 03, 2018, also Seekingalpha.com with their article: “Western Gas Partners declares $0.965 dividend – Seeking Alpha” published on October 17, 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: Fool.com and their article: “This Oil Stock Is Lavishing More Cash on Its Shareholders – The Motley Fool” published on November 16, 2018 as well as Seekingalpha.com‘s news article titled: “Anadarko unveils 2019 capex outlook, ups dividend, raises stock buybacks – Seeking Alpha” with publication date: November 15, 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. Credit Suisse maintained it with “Neutral” rating and $47 target in Monday, November 12 report. The firm earned “Neutral” rating on Monday, October 1 by Bank of America. The company was maintained on Wednesday, August 29 by Barclays Capital. Barclays Capital maintained it with “Equal-Weight” rating and $49 target in Tuesday, June 12 report. Wells Fargo maintained the stock with “Market Perform” rating in Monday, September 24 report. The stock of Western Gas Partners, LP (NYSE:WES) earned “Buy” rating by Citigroup on Tuesday, July 31. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, August 17. The rating was maintained by Stifel Nicolaus on Thursday, August 2 with “Buy”. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, October 12. The rating was upgraded by Bank of America on Wednesday, November 7 to “Buy”.

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

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.