Cls Investments Lowered Holding in Clorox Co Del (CLX) by $364,021 as Stock Declined; Hite Hedge Asset Management Lowered Position in Western Gas Partners LP (WES) as Shares Rose

June 14, 2018 - By Vivian Currie

Western Gas Partners, LP (NYSE:WES) Logo

Hite Hedge Asset Management Llc decreased its stake in Western Gas Partners Lp (WES) by 49.16% based on its latest 2018Q1 regulatory filing with the SEC. Hite Hedge Asset Management Llc sold 86,004 shares as the company’s stock rose 5.40% while stock markets declined. The hedge fund held 88,960 shares of the public utilities company at the end of 2018Q1, valued at $3.80 million, down from 174,964 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Western Gas Partners Lp for a number of months, seems to be less bullish one the $7.93B market cap company. The stock decreased 0.21% or $0.11 during the last trading session, reaching $51.11. About 207,797 shares traded. Western Gas Partners, LP (NYSE:WES) has declined 9.71% since June 14, 2017 and is downtrending. It has underperformed by 22.28% the S&P500.

Cls Investments Llc decreased its stake in Clorox Co Del (CLX) by 96.82% based on its latest 2018Q1 regulatory filing with the SEC. Cls Investments Llc sold 2,737 shares as the company’s stock declined 6.80% with the market. The institutional investor held 90 shares of the specialty chemicals company at the end of 2018Q1, valued at $12,000, down from 2,827 at the end of the previous reported quarter. Cls Investments Llc who had been investing in Clorox Co Del for a number of months, seems to be less bullish one the $16.56B market cap company. The stock increased 0.71% or $0.9 during the last trading session, reaching $127.89. About 1.06 million shares traded. The Clorox Company (NYSE:CLX) has declined 9.29% since June 14, 2017 and is downtrending. It has underperformed by 21.86% the S&P500. Some Historical CLX News: 19/04/2018 – Mohsenian says some of the challenges Clorox faces are pricing pressures and a shift away from “large established brands towards smaller brands” by consumers; 07/05/2018 – CLOROX CO FILES FOR POTENTIAL DEBT SHELF OFFERING; SIZE NOT DISCLOSED – SEC FILING; 02/05/2018 – Clorox: Taking Aggressive Action to Address Headwinds, Support Margin Improvement Over Time; 02/05/2018 – CLOROX 3Q EPS CONT OPS $1.37; 12/03/2018 – Clorox Estimates Nutranext Acquisition Will Dilute 4Q EPS by 7-11 Cent; 02/05/2018 – Clorox Had Seen FY18 EPS $6.17-$6.37; 27/03/2018 – Green Biologics Partners With Kingsford® Charcoal to Launch New EcoLight™ Natural Charcoal Lighter Fluid; 14/03/2018 – Kingsford® Charcoal And Major League Baseball™ Celebrate That Opening Day Is Back; 16/03/2018 – CAFC: AUTO-KAPS, LLC v. CLOROX COMPANY [RULE 36 JUDGMENT] – Appeal #17-1456 – 2018-03-16; 12/03/2018 – Moody’s Says Clorox’s Announced Acquisition Of Nutranext Is Credit Negative, But Ratings Not Affected

Investors sentiment increased to 1.21 in Q1 2018. Its up 0.46, from 0.75 in 2017Q4. It increased, as 20 investors sold WES shares while 47 reduced holdings. 23 funds opened positions while 58 raised stakes. 89.37 million shares or 0.82% less from 90.11 million shares in 2017Q4 were reported. Us State Bank De reported 29,165 shares or 0% of all its holdings. Mitchell Mcleod Pugh & Williams Inc holds 0.3% or 9,980 shares. Cv Starr & Incorporated Trust reported 180,000 shares stake. Atlantic Trust Gru Limited Liability Company holds 0.14% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 753,327 shares. Zimmer Partners Lp holds 1.04% of its portfolio in Western Gas Partners, LP (NYSE:WES) for 1.35M shares. Guggenheim Ltd Llc reported 0.01% stake. Parametric Portfolio Assocs Lc reported 280,171 shares. Virtu Financial Limited Liability Co holds 25,987 shares or 0.06% of its portfolio. Shikiar Asset Mngmt Inc has invested 0.3% of its portfolio in Western Gas Partners, LP (NYSE:WES). Highstreet Asset Inc invested in 0% or 148 shares. Keybank National Association Oh reported 0% in Western Gas Partners, LP (NYSE:WES). Invesco Limited has 0% invested in Western Gas Partners, LP (NYSE:WES) for 48,264 shares. Jpmorgan Chase & reported 0.02% in Western Gas Partners, LP (NYSE:WES). Comerica State Bank owns 7,919 shares. Signaturefd Limited Com stated it has 0.04% of its portfolio in Western Gas Partners, LP (NYSE:WES).

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on July, 24. They expect $0.48 earnings per share, down 2.04% or $0.01 from last year’s $0.49 per share. WES’s profit will be $74.49 million for 26.62 P/E if the $0.48 EPS becomes a reality. After $0.38 actual earnings per share reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 26.32% EPS growth.

Among 19 analysts covering Western Gas Partners (NYSE:WES), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Western Gas Partners had 55 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Friday, April 21 by Macquarie Research. FBR Capital maintained the stock with “Outperform” rating in Monday, September 28 report. RBC Capital Markets maintained Western Gas Partners, LP (NYSE:WES) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $69.0 target. The stock has “Overweight” rating by CapitalOne on Friday, December 16. Morgan Stanley initiated the shares of WES in report on Thursday, February 25 with “Equal-Weight” rating. The rating was maintained by Bank of America with “Neutral” on Tuesday, March 27. The stock has “Neutral” rating by Citigroup on Thursday, April 7. Stifel Nicolaus upgraded Western Gas Partners, LP (NYSE:WES) on Thursday, October 26 to “Buy” rating. CapitalOne initiated the stock with “An Overweight” rating in Thursday, January 14 report. Citigroup downgraded the shares of WES in report on Thursday, November 5 to “Neutral” rating.

More news for Western Gas Partners, LP (NYSE:WES) were recently published by: Prnewswire.com, which released: “Western Gas To Present At Upcoming Bernstein Conference” on May 23, 2018. Seekingalpha.com‘s article titled: “If I Had To Build An Income Portfolio Today – Last Update” and published on June 04, 2018 is yet another important article.

Hite Hedge Asset Management Llc, which manages about $778.61 million and $458.88M US Long portfolio, upped its stake in Dcp Midstream Lp (NYSE:DPM) by 98,839 shares to 208,695 shares, valued at $7.33M in 2018Q1, according to the filing. It also increased its holding in American Midstream Partners (NYSE:AMID) by 169,422 shares in the quarter, for a total of 1.06M shares, and has risen its stake in Energy Transfer Equity LP (NYSE:ETE).

More news for The Clorox Company (NYSE:CLX) were recently published by: Investorplace.com, which released: “5 Consumer Staples Stocks to Buy for Long-Term Gains” on June 13, 2018. Fool.com‘s article titled: “Can Clorox’s Steady Appetite for M&A Deliver Long-Term Growth?” and published on June 05, 2018 is yet another important article.

Analysts await The Clorox Company (NYSE:CLX) to report earnings on August, 2. They expect $1.59 earnings per share, up 3.92% or $0.06 from last year’s $1.53 per share. CLX’s profit will be $205.92 million for 20.11 P/E if the $1.59 EPS becomes a reality. After $1.37 actual earnings per share reported by The Clorox Company for the previous quarter, Wall Street now forecasts 16.06% EPS growth.

Cls Investments Llc, which manages about $6.20B and $3.10B US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VNQI) by 423,909 shares to 423,925 shares, valued at $25.83 million in 2018Q1, according to the filing. It also increased its holding in Ishares Tr (SUB) by 7,308 shares in the quarter, for a total of 51,240 shares, and has risen its stake in Wisdomtree Tr (DTH).

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

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By1 Vivian Currie

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