Is Markwest Energy Partners LP (MWE) A Good Stock To Buy?

At Insider Monkey we follow around 730 of the best-performing investors and even though many of them lost money in the last several months, the history teaches us that over the long-run they still manage to beat the market, which is why it can be profitable for us to imitate their activity. Of course, even the best money managers can sometimes get it wrong, but following some of their picks gives us a better chance to outperform the crowd than picking a random stock and this is where our research comes in.

Markwest Energy Partners LP (NYSE:MWE) shareholders have witnessed an increase in hedge fund sentiment in recent months. At the end of this article we will also compare MWE to other stocks including Quintiles Transnational Holdings Inc (NYSE:Q), ArcelorMittal (ADR) (NYSE:MT), and Westinghouse Air Brake Technologies Corp (NYSE:WAB) to get a better sense of its popularity.

With all of this in mind, let’s analyze the key action surrounding Markwest Energy Partners LP (NYSE:MWE).

What have hedge funds been doing with Markwest Energy Partners LP (NYSE:MWE)?

Heading into Q4, a total of 17 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 31% from one quarter earlier. With hedgies’ sentiment swirling, there exists a select group of noteworthy hedge fund managers who were increasing their holdings meaningfully (or already accumulated large positions).

Of the funds tracked by Insider Monkey, OZ Management, managed by Daniel S. Och, holds the most valuable position in Markwest Energy Partners LP (NYSE:MWE). OZ Management has a $143.4 million position in the stock, comprising 0.5% of its 13F portfolio. Sitting at the No. 2 spot is Stockbridge Partners, led by Sharlyn C. Heslam, holding a $110.6 million position; 6.3% of its 13F portfolio is allocated to the stock. Other peers that are bullish contain Israel Englander’s Millennium Management, James Dondero’s Highland Capital Management and Curtis Macnguyen’s Ivory Capital (Investment Mgmt).