Bluecrest Capital Management Ltd buys $8,685,628 stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Bluecrest Capital Management Ltd scooped up 128,304 additional shares in Anadarko Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 186,547 shares of Anadarko Petroleum Corporation which is valued at $8,685,628.Anadarko Petroleum Corporation makes up approximately 0.76% of Bluecrest Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Veritas Investment Management Llp reduced its stake in APC by selling 7,569 shares or 55.37% in the most recent quarter. The Hedge Fund company now holds 6,100 shares of APC which is valued at $284,016. Anadarko Petroleum Corporation makes up approx 0.06% of Veritas Investment Management Llp’s portfolio.Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in APC in the latest quarter, The investment management firm added 6,476 additional shares and now holds a total of 73,908 shares of Anadarko Petroleum Corporation which is valued at $3,441,156. Anadarko Petroleum Corporation makes up approx 0.09% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio. Capital Fund Management S.a. sold out all of its stake in APC during the most recent quarter. The investment firm sold 1,558,793 shares of APC which is valued $72,577,402.Washington Trust Bank boosted its stake in APC in the latest quarter, The investment management firm added 802 additional shares and now holds a total of 3,083 shares of Anadarko Petroleum Corporation which is valued at $162,659. Anadarko Petroleum Corporation makes up approx 0.04% of Washington Trust Bank’s portfolio.New York State Teachers Retirement System reduced its stake in APC by selling 50,786 shares or 5.57% in the most recent quarter. The Hedge Fund company now holds 860,761 shares of APC which is valued at $45,232,991. Anadarko Petroleum Corporation makes up approx 0.12% of New York State Teachers Retirement System’s portfolio.

Anadarko Petroleum Corporation opened for trading at $45.29 and hit $47.05 on the upside on Tuesday, eventually ending the session at $47.01, with a gain of 4.49% or 2.02 points. The heightened volatility saw the trading volume jump to 40,47,359 shares. Company has a market cap of $23,995 M.

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 Downgraded by Credit Suisse to ” Neutral” on May 4, 2016. Alembic Global Advisors Downgraded Anadarko Petroleum Corporation on May 4, 2016 to ” Neutral”, Price Target of the shares are set at $49.Company shares were Reiterated by UBS on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 64 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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