Hilton Capital Management Lowers stake in Western Gas Partners LP (WES)

Western Gas Partners LP (WES) : Hilton Capital Management reduced its stake in Western Gas Partners LP by 0.71% during the most recent quarter end. The investment management company now holds a total of 41,740 shares of Western Gas Partners LP which is valued at $2,132,497 after selling 300 shares in Western Gas Partners LP , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Western Gas Partners LP makes up approximately 0.70% of Hilton Capital Management’s portfolio.

Other Hedge Funds, Including , Pointe Capital Management reduced its stake in WES by selling 7,731 shares or 21.86% in the most recent quarter. The Hedge Fund company now holds 27,629 shares of WES which is valued at $1,411,566. Western Gas Partners LP makes up approx 1.02% of Pointe Capital Management’s portfolio.Center Coast Capital Advisors Lp reduced its stake in WES by selling 746,750 shares or 18.68% in the most recent quarter. The Hedge Fund company now holds 3,251,279 shares of WES which is valued at $163,344,257. Western Gas Partners LP makes up approx 4.54% of Center Coast Capital Advisors Lp’s portfolio.Adams Asset Advisors boosted its stake in WES in the latest quarter, The investment management firm added 1,027 additional shares and now holds a total of 28,277 shares of Western Gas Partners LP which is valued at $1,415,264. Western Gas Partners LP makes up approx 0.24% of Adams Asset Advisors’s portfolio.

Western Gas Partners LP closed down -0.11 points or -0.22% at $50.95 with 2,64,200 shares getting traded on Friday. Post opening the session at $50.98, the shares hit an intraday low of $50 and an intraday high of $51.27 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

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