Monashee Investment Management adds Western Gas Equity Partners LP (WGP) to its portfolio

Western Gas Equity Partners LP (WGP) : Monashee Investment Management added new position in Western Gas Equity Partners LP during the most recent quarter end. The investment management firm now holds 10,000 shares of Western Gas Equity Partners LP which is valued at $368,300 , the company said in a statement filed on Aug 2, 2016 with the SEC.Western Gas Equity Partners LP makes up approximately 0.56% of Monashee Investment Management’s portfolio.

Other Hedge Funds, Including , Quantbot Technologies Lp added WGP to its portfolio by purchasing 738 company shares during the most recent quarter which is valued at $27,181.Quadrant Capital Group reduced its stake in WGP by selling 64 shares or 6.59% in the most recent quarter. The Hedge Fund company now holds 907 shares of WGP which is valued at $33,886. Western Gas Equity Partners LP makes up approx 0.02% of Quadrant Capital Group’s portfolio.Lucas Capital Management boosted its stake in WGP in the latest quarter, The investment management firm added 12,568 additional shares and now holds a total of 94,949 shares of Western Gas Equity Partners LP which is valued at $3,547,295. Western Gas Equity Partners LP makes up approx 2.45% of Lucas Capital Management’s portfolio.Wealthtrust-arizona boosted its stake in WGP in the latest quarter, The investment management firm added 150 additional shares and now holds a total of 200 shares of Western Gas Equity Partners LP which is valued at $7,630.Mai Capital Management reduced its stake in WGP by selling 3,085 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 123,736 shares of WGP which is valued at $4,737,851. Western Gas Equity Partners LP makes up approx 0.38% of Mai Capital Management’s portfolio.

Western Gas Equity Partners LP (WGP) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $36.87 and reached the intraday high at $37.05. The bulls started the profit booking and pushed the shares to intraday low of $36.37. The trading session was marked by a volume range of 1,40,429 shares exchanging hands. The 52-week high of the shares is $56.63 and the 52-week low is $19.211. The market cap of the company stands at $8,017 M and there are 21,89,22,300 shares in public circulation.

On the company’s financial health, Western Gas Equity Partners LP reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.27. The company had revenue of $383.14 million for the quarter, compared to analysts expectations of $407.02 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 $-0.19 EPS.

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. WES’s assets are located in the Rocky Mountains (Colorado Utah and Wyoming) the Mid-Continent (Kansas and Oklahoma) North-central Pennsylvania and Texas. WES’s 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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