Western Gas Partners Lp (WES) Files Form 4 Insider Selling : Donald R. Sinclair Sells 10,000 Shares

Western Gas Partners Lp (WES): Donald R. Sinclair , CEO, President & Director of Western Gas Partners Lp sold 10,000 shares on May 31, 2016. The Insider selling transaction was reported by the company on Jun 1, 2016 to the Securities and Exchange Commission. The shares were sold at $50.10 per share for a total value of $501,008.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 26, 2016, Darrell E Hollek (director) purchased 80 shares at $55.21 per share price.On May 14, 2015, James R Crane (director) sold 300,000 shares at $68.52 per share price.Also, On Jan 15, 2015, David J Tudor (director) purchased 400 shares at $63.16 per share price.

Western Gas Partners LP: On Wednesday, Jun 1, 2016 heightened volatility was witnessed in Western Gas Partners LP which led to swings in the share price. The shares opened for trading at $49.33 and hit $50.56 on the upside , eventually ending the session at $50.48, with a gain of 1.30% or 0.65 points. The heightened volatility saw the trading volume jump to 2,45,138 shares. The 52-week high of the share price is $68.97 and the company has a market cap of $7,188 M . The 52-week low of the share price is at $25.4.

Western Gas Partners LP Money Flow Index Chart

Company has been under the radar of several Street Analysts.Western Gas Partners LP is Initiated by Drexel Hamilton to Buy. The Rating was issued on Apr 7, 2016.Western Gas Partners LP is Downgraded by Credit Suisse to Neutral. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Mar 17, 2016.

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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