Hite Hedge Asset Management Has Lowered Western Gas Equity Partners (WGP) Holding; U.S. Silica Holdings (SLCA) Shorts Down By 8.25%

June 14, 2018 - By Michael Collier

Western Gas Equity Partners, LP (NYSE:WGP) Logo

U.S. Silica Holdings Inc (NYSE:SLCA) had a decrease of 8.25% in short interest. SLCA’s SI was 13.45M shares in June as released by FINRA. Its down 8.25% from 14.66M shares previously. With 2.40 million avg volume, 6 days are for U.S. Silica Holdings Inc (NYSE:SLCA)’s short sellers to cover SLCA’s short positions. The SI to U.S. Silica Holdings Inc’s float is 16.63%. The stock decreased 2.70% or $0.79 during the last trading session, reaching $28.39. About 1.56 million shares traded. U.S. Silica Holdings, Inc. (NYSE:SLCA) has declined 16.97% since June 14, 2017 and is downtrending. It has underperformed by 29.54% the S&P500. Some Historical SLCA News: ; 23/03/2018 – U.S. Silica Acquires Performance Materials Leader EP Minerals for $750 Million; 19/03/2018 – U.S. SILICA SELLS TRANSLOAD ASSETS TO CIG LOGISTICS FOR $75M; 19/03/2018 – CIG LOGISTICS – TO BUY THREE TRANSLOAD TERMINALS OWNED BY U.S. SILICA IN PERMIAN BASIN AND EAGLE FORD AND MARCELLUS SHALE PLAYS; 14/05/2018 – Fuller & Thaler Asset Buys New 3% Position in U.S. Silica; 24/04/2018 – U.S. SILICA HOLDINGS INC SLCA.N SAYS CONTINUES TO BELIEVE LOCAL SAND PRODUCTION WILL COME ONLINE MUCH SLOWER THAN MANY PREDICT – CONF CALL; 02/05/2018 – U.S. Silica at Citi Global Energy & Utilities Conference May 15; 23/03/2018 – U.S. SILICA BUYS EP MINERALS FOR $750M; 14/05/2018 – U.S. Silica Provides Update On Capital Allocation Plan; 23/03/2018 – U.S. Silica to Buy Mineral-Additives Business for $750 Million; 24/04/2018 – U.S. Silica 1Q Adjusted Ebitda $95.4M

Hite Hedge Asset Management Llc decreased Western Gas Equity Partners (WGP) stake by 25.5% reported in 2018Q1 SEC filing. Hite Hedge Asset Management Llc sold 79,254 shares as Western Gas Equity Partners (WGP)’s stock declined 3.22%. The Hite Hedge Asset Management Llc holds 231,495 shares with $7.67M value, down from 310,749 last quarter. Western Gas Equity Partners now has $8.00 billion valuation. The stock decreased 0.12% or $0.045 during the last trading session, reaching $36.555. About 173,281 shares traded. Western Gas Equity Partners, LP (NYSE:WGP) has declined 18.76% since June 14, 2017 and is downtrending. It has underperformed by 31.33% the S&P500.

U.S. Silica Holdings, Inc. produces and sells commercial silica in the United States. The company has market cap of $2.21 billion. The firm operates through two divisions, Oil & Gas Proppants and Industrial & Specialty Products. It has a 16.04 P/E ratio. It offers whole grain commercial silica products to be used as fracturing sand in connection with oil and natural gas recovery; and resin coated proppants, as well as sells its whole grain silica products in various size distributions, grain shapes, and chemical purity levels for manufacturing glass products.

Among 28 analysts covering U.S. Silica (NYSE:SLCA), 22 have Buy rating, 1 Sell and 5 Hold. Therefore 79% are positive. U.S. Silica had 106 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies upgraded the shares of SLCA in report on Monday, July 11 to “Buy” rating. The firm has “Buy” rating by Goldman Sachs given on Friday, December 16. The stock of U.S. Silica Holdings, Inc. (NYSE:SLCA) has “Buy” rating given on Monday, January 8 by Piper Jaffray. Morgan Stanley maintained U.S. Silica Holdings, Inc. (NYSE:SLCA) on Friday, February 23 with “Overweight” rating. The stock has “Outperform” rating by Cowen & Co on Friday, December 2. The firm has “Buy” rating by Jefferies given on Tuesday, July 4. The firm earned “Overweight” rating on Thursday, March 31 by Piper Jaffray. Wells Fargo maintained the shares of SLCA in report on Wednesday, April 25 with “Outperform” rating. The rating was upgraded by SunTrust to “Buy” on Wednesday, January 13. The rating was downgraded by Barclays Capital on Monday, April 24 to “Equal Weight”.

Another recent and important U.S. Silica Holdings, Inc. (NYSE:SLCA) news was published by Seekingalpha.com which published an article titled: “US Silica Holdings: Wait For A Pullback” on May 17, 2018.

Investors sentiment increased to 1.78 in 2018 Q1. Its up 1.07, from 0.71 in 2017Q4. It increased, as 9 investors sold WGP shares while 23 reduced holdings. 17 funds opened positions while 40 raised stakes. 38.79 million shares or 2.81% more from 37.73 million shares in 2017Q4 were reported. 98,726 were accumulated by First Trust Advsr L P. 14,825 are owned by Signaturefd. Nbw Lc holds 2.02% or 195,530 shares in its portfolio. Catalyst Cap Advisors has invested 0.22% in Western Gas Equity Partners, LP (NYSE:WGP). Citigroup Inc holds 0.04% of its portfolio in Western Gas Equity Partners, LP (NYSE:WGP) for 1.31 million shares. Moreover, Fincl Service Corp has 0% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 159 shares. 29,266 are owned by Citadel Advsr Ltd Com. Nuveen Asset Mngmt Ltd Liability owns 0% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 11,077 shares. 10,501 were reported by Linscomb Williams. Tortoise Cap Ltd Liability Corp has 0.3% invested in Western Gas Equity Partners, LP (NYSE:WGP) for 1.17M shares. New York-based Clinton Grp Incorporated has invested 0.14% in Western Gas Equity Partners, LP (NYSE:WGP). Advisory Rech accumulated 1.32 million shares. The Netherlands-based Ing Groep Nv has invested 0.09% in Western Gas Equity Partners, LP (NYSE:WGP). Northern Corp reported 0% in Western Gas Equity Partners, LP (NYSE:WGP). Spirit Of America Mgmt Ny owns 209,373 shares for 0.91% of their portfolio.

Among 20 analysts covering Western Gas Equity Partners (NYSE:WGP), 10 have Buy rating, 0 Sell and 10 Hold. Therefore 50% are positive. Western Gas Equity Partners had 43 analyst reports since August 3, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, October 11 report. The rating was downgraded by Zacks on Thursday, August 6 to “Buy”. The firm has “Overweight” rating by JP Morgan given on Wednesday, March 30. The rating was downgraded by Barclays Capital to “Equal-Weight” on Wednesday, January 17. The stock of Western Gas Equity Partners, LP (NYSE:WGP) earned “Equal-Weight” rating by Barclays Capital on Monday, November 2. As per Thursday, November 2, the company rating was maintained by Morgan Stanley. The stock of Western Gas Equity Partners, LP (NYSE:WGP) earned “Equal-Weight” rating by on Monday, October 10. The stock of Western Gas Equity Partners, LP (NYSE:WGP) earned “Neutral” rating by Bank of America on Tuesday, March 27. UBS upgraded the stock to “Buy” rating in Wednesday, January 3 report. On Wednesday, March 7 the stock rating was maintained by Barclays Capital with “Equal-Weight”.

More news for Western Gas Equity Partners, LP (NYSE:WGP) were recently published by: Prnewswire.com, which released: “Anadarko And Western Gas Announce Settlement Of Tangible Equity Units” on June 07, 2018. Globenewswire.com‘s article titled: “New Research Coverage Highlights Wintrust Financial, InfraREIT, Innophos, Western Gas Equity Partners, LP, Getty …” and published on May 21, 2018 is yet another important article.

Analysts await Western Gas Equity Partners, LP (NYSE:WGP) to report earnings on July, 24. They expect $0.44 earnings per share, down 8.33% or $0.04 from last year’s $0.48 per share. WGP’s profit will be $96.33 million for 20.77 P/E if the $0.44 EPS becomes a reality. After $0.46 actual earnings per share reported by Western Gas Equity Partners, LP for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

Hite Hedge Asset Management Llc increased Alliance Holdings Gp Lp (NASDAQ:AHGP) stake by 48,905 shares to 511,846 valued at $12.80M in 2018Q1. It also upped Oasis Midstream Partners Lp stake by 110,486 shares and now owns 402,491 shares. Eqt Corp (NYSE:EQT) was raised too.

Western Gas Equity Partners, LP (NYSE:WGP) Institutional Positions Chart

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