Large Inflow of Money Witnessed in Western Gas Equity Partners LP

Western Gas Equity Partners LP (NYSE:WGP) : $0.36 million worth of transactions were on upticks in Western Gas Equity Partners LP (NYSE:WGP), compared to $0.06 million on downticks. The ratio between the two was 5.78, whereas, the net money flow stood at a healthy $0.29 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.01million worth of trades. The total money flow into the stock stood at $0.01 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.8%. The stock was trading at $37.07, with a drop of $0.3 over the previous days close. The stock recorded -0.35% for the week.


In an insider trading activity, Sinclair Donald R., director officer (CEO, President & Director) of Western Gas Equity Partners, Lp, unloaded 50,000 shares at an average price of $36.26 on June 17, 2016. The total amount of the transaction was worth $1,813,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing. In the past twelve weeks, the net percent change held by company insiders has changed by -54.41% . Institutional Investors own 13.47% 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%.

The company shares have dropped -37.61% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $61.45 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $40.83 and the 200 Day Moving Average price is recorded at $34.14. Western Gas Equity Partners LP (NYSE:WGP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.38 and $37.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.19, notching a gain of 2.19% for the day. The total traded volume was 761,840 . The stock had closed at $37.37 on the previous day.

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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