Wcg Management Lowers stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Wcg Management reduced its stake in Anadarko Petroleum Corporation by 86.67% during the most recent quarter end. The investment management company now holds a total of 100,000 shares of Anadarko Petroleum Corporation which is valued at $5,276,000 after selling 650,000 shares in Anadarko Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Anadarko Petroleum Corporation makes up approximately 6.05% of Wcg Management’s portfolio.

Anadarko Petroleum Corporation closed down -0.81 points or -1.54% at $51.95 with 50,67,521 shares getting traded on Monday. Post opening the session at $52.62, the shares hit an intraday low of $50.9 and an intraday high of $52.7 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Louisiana State Employees Retirement System reduced its stake in APC by selling 1,600 shares or 4.49% in the most recent quarter. The Hedge Fund company now holds 34,000 shares of APC which is valued at $1,793,840. Anadarko Petroleum Corporation makes up approx 0.09% of Louisiana State Employees Retirement System’s portfolio.Next Financial Group Inc reduced its stake in APC by selling 1,000 shares or 22.01% in the most recent quarter. The Hedge Fund company now holds 3,544 shares of APC which is valued at $186,237. Anadarko Petroleum Corporation makes up approx 0.06% of Next Financial Group Inc’s portfolio.Private Bank Trust Co boosted its stake in APC in the latest quarter, The investment management firm added 185 additional shares and now holds a total of 12,799 shares of Anadarko Petroleum Corporation which is valued at $672,587. Anadarko Petroleum Corporation makes up approx 0.12% of Private Bank Trust Co’s portfolio. Gierl Augustine Investment Management Inc added APC to its portfolio by purchasing 51 company shares during the most recent quarter which is valued at $2,494.

On the company’s financial health, Anadarko Petroleum Corporation reported $-1.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 2, 2016. Analyst had a consensus of $-1.18. The company had revenue of $1674.00 million for the quarter, compared to analysts expectations of $1786.65 million. The company’s revenue was down -27.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.72 EPS.

Many Wall Street Analysts have commented on Anadarko Petroleum Corporation. Anadarko Petroleum Corporation was Upgraded by JP Morgan to ” Overweight” on Apr 15, 2016. Anadarko Petroleum Corporation was Downgraded by Stifel to ” Hold” on Apr 6, 2016. Shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Hold” and Lowered the Price Target to $ 58 from a previous price target of $60 .

Anadarko Petroleum Corporation is an independent exploration and production company. The Company is engaged in the exploration development production and marketing of natural gas oil condensate natural gas liquids (NGLs) and anticipated production of liquefied natural gas (LNG). Its assets include United States onshore resource plays in the Rocky Mountains area the southern United States the Appalachian basin and Alaska. The Company has three segments: Oil and gas exploration and production Midstream and Marketing. Oil and gas exploration and production segment explores for and produces natural gas oil condensate and NGLs and plans for the development and operation of its LNG project. Midstream segment engages in gathering processing treating and transporting oil natural-gas and NGLs production. Marketing segment sells oil natural-gas and NGLs production. The Company is also an independent producer in the deepwater Gulf of Mexico.

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