Cullen Frost Bankers Inc. maintained its stake in shares of Western Gas Partners, LP (NYSE:WES) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,647 shares of the pipeline company’s stock at the end of the second quarter. Cullen Frost Bankers Inc.’s holdings in Western Gas Partners, were worth $987,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Hirtle Callaghan & Co LLC acquired a new stake in shares of Western Gas Partners, during the first quarter worth approximately $121,000. Chicago Partners Investment Group LLC boosted its stake in shares of Western Gas Partners, by 60.2% in the second quarter. Chicago Partners Investment Group LLC now owns 2,396 shares of the pipeline company’s stock worth $139,000 after buying an additional 900 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Western Gas Partners, during the first quarter worth about $181,000. Suntrust Banks Inc. purchased a new stake in shares of Western Gas Partners, during the first quarter worth about $201,000. Finally, Reynders McVeigh Capital Management LLC purchased a new stake in shares of Western Gas Partners, during the first quarter worth about $203,000. 54.34% of the stock is owned by institutional investors and hedge funds.

Western Gas Partners, LP (NYSE WES) opened at 51.15 on Tuesday. Western Gas Partners, LP has a 12 month low of $46.85 and a 12 month high of $67.44. The company has a market cap of $7.81 billion, a price-to-earnings ratio of 36.56 and a beta of 1.19. The company’s 50 day moving average is $54.46 and its 200-day moving average is $58.56.

Western Gas Partners, (NYSE:WES) last posted its earnings results on Tuesday, July 25th. The pipeline company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.04. The firm had revenue of $525.45 million for the quarter, compared to analysts’ expectations of $488.21 million. Western Gas Partners, had a net margin of 28.81% and a return on equity of 15.80%. Western Gas Partners,’s revenue for the quarter was up 22.6% compared to the same quarter last year. During the same period last year, the firm earned $0.55 earnings per share. On average, analysts expect that Western Gas Partners, LP will post $1.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, July 31st will be issued a $0.89 dividend. This represents a $3.56 annualized dividend and a yield of 6.96%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from Western Gas Partners,’s previous quarterly dividend of $0.88. Western Gas Partners,’s payout ratio is presently 256.12%.

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A number of analysts have recently issued reports on the stock. TheStreet raised shares of Western Gas Partners, from a “c+” rating to a “b-” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised shares of Western Gas Partners, from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, July 25th. Guggenheim assumed coverage on shares of Western Gas Partners, in a research note on Monday, April 17th. They issued a “buy” rating and a $68.00 price objective for the company. Citigroup Inc. increased their price objective on shares of Western Gas Partners, from $55.00 to $61.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price objective on shares of Western Gas Partners, in a research note on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $61.18.

Western Gas Partners, Company Profile

Western Gas Partners, LP is a master limited partnership (MLP) that acquires, owns, develops and operates midstream energy assets. The Company is engaged in the business of gathering, processing, compressing, treating and transporting natural gas, condensate, natural gas liquids (NGLs) and crude oil in the United States.

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

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