Hollow Brook Wealth Management adds Western Gas Equity Partners LP (WGP) to its portfolio

Western Gas Equity Partners LP (WGP) : Hollow Brook Wealth Management added new position in Western Gas Equity Partners LP during the most recent quarter end. The investment management firm now holds 61,665 shares of Western Gas Equity Partners LP which is valued at $2,247,689 , the company said in a statement filed on Aug 15, 2016 with the SEC.Western Gas Equity Partners LP makes up approximately 1.53% of Hollow Brook Wealth Management’s portfolio.

Other Hedge Funds, Including , Eagle Global Advisors reduced its stake in WGP by selling 95,842 shares or 31.36% in the most recent quarter. The Hedge Fund company now holds 209,778 shares of WGP which is valued at $7,646,408. Western Gas Equity Partners LP makes up approx 0.22% of Eagle Global Advisors’s portfolio.Glenmede Trust Co Na boosted its stake in WGP in the latest quarter, The investment management firm added 29,147 additional shares and now holds a total of 38,347 shares of Western Gas Equity Partners LP which is valued at $1,404,267. Western Gas Equity Partners LP makes up approx 0.01% of Glenmede Trust Co Na’s portfolio. Monashee Investment Management added WGP to its portfolio by purchasing 10,000 company shares during the most recent quarter which is valued at $368,300. Western Gas Equity Partners LP makes up approx 0.56% of Monashee Investment Management’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.Dividend Assets Capital reduced its stake in WGP by selling 375 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 62,815 shares of WGP which is valued at $2,399,533. Western Gas Equity Partners LP makes up approx 0.07% of Dividend Assets Capital’s portfolio.

Western Gas Equity Partners LP closed down -0.1 points or -0.27% at $36.77 with 1,92,266 shares getting traded on Thursday. Post opening the session at $36.09, the shares hit an intraday low of $36.09 and an intraday high of $36.93 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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