Rational Advisors LLC Sells 6,400 Shares of Western Gas Partners, LP (WES)

Rational Advisors LLC reduced its stake in Western Gas Partners, LP (NYSE:WES) by 56.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,850 shares of the pipeline company’s stock after selling 6,400 shares during the quarter. Rational Advisors LLC’s holdings in Western Gas Partners were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in WES. Ladenburg Thalmann Financial Services Inc. raised its holdings in Western Gas Partners by 24.2% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 21,505 shares of the pipeline company’s stock valued at $1,034,000 after acquiring an additional 4,197 shares during the period. Cbre Clarion Securities LLC raised its holdings in Western Gas Partners by 14.0% during the fourth quarter. Cbre Clarion Securities LLC now owns 90,728 shares of the pipeline company’s stock valued at $4,363,000 after acquiring an additional 11,125 shares during the period. Lake Street Advisors Group LLC bought a new stake in Western Gas Partners during the fourth quarter valued at about $251,000. Goldman Sachs Group Inc. raised its holdings in Western Gas Partners by 17.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,181,402 shares of the pipeline company’s stock valued at $249,173,000 after acquiring an additional 761,923 shares during the period. Finally, BP Capital Fund Advisors LLC raised its holdings in Western Gas Partners by 7.9% during the fourth quarter. BP Capital Fund Advisors LLC now owns 135,090 shares of the pipeline company’s stock valued at $6,496,000 after acquiring an additional 9,868 shares during the period. 59.70% of the stock is currently owned by institutional investors.

WES has been the topic of a number of recent analyst reports. TheStreet raised Western Gas Partners from a “c+” rating to a “b-” rating in a report on Wednesday, May 23rd. Zacks Investment Research cut Western Gas Partners from a “hold” rating to a “sell” rating in a report on Wednesday, February 28th. Bank of America decreased their price target on Western Gas Partners from $52.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, March 27th. Deutsche Bank initiated coverage on Western Gas Partners in a report on Thursday, April 19th. They set a “buy” rating and a $53.00 price target on the stock. Finally, Barclays decreased their price target on Western Gas Partners from $53.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 17th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $53.62.

Shares of Western Gas Partners stock opened at $48.67 on Friday. The stock has a market cap of $7.48 billion, a PE ratio of 37.44, a PEG ratio of 3.65 and a beta of 1.14. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.08. Western Gas Partners, LP has a twelve month low of $40.44 and a twelve month high of $57.15.

Western Gas Partners (NYSE:WES) last issued its quarterly earnings data on Tuesday, May 1st. The pipeline company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.10). The firm had revenue of $437.17 million for the quarter, compared to analysts’ expectations of $622.09 million. Western Gas Partners had a net margin of 28.35% and a return on equity of 15.44%. The company’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. analysts anticipate that Western Gas Partners, LP will post 2.24 earnings per share for the current fiscal year.

Western Gas Partners Profile

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

Institutional Ownership by Quarter for Western Gas Partners (NYSE:WES)

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