Carmignac Gestion buys $580.3 Million stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Carmignac Gestion scooped up 7,572,162 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 13, 2016. The investment management firm now holds a total of 12,161,068 shares of Anadarko Petroleum Corporation which is valued at $580.3 Million.Anadarko Petroleum Corporation makes up approximately 5.48% of Carmignac Gestion’s portfolio.

Other Hedge Funds, Including , Ashford Capital Management Inc reduced its stake in APC by selling 356 shares or 6.51% in the most recent quarter. The Hedge Fund company now holds 5,112 shares of APC which is valued at $243,945. Anadarko Petroleum Corporation makes up approx 0.06% of Ashford Capital Management Inc’s portfolio.Jefferies Group reduced its stake in APC by selling 345,208 shares or 99.88% in the most recent quarter. The Hedge Fund company now holds 400 shares of APC which is valued at $19,088.Agf Investments boosted its stake in APC in the latest quarter, The investment management firm added 19,006 additional shares and now holds a total of 73,935 shares of Anadarko Petroleum Corporation which is valued at $3.4 Million. Anadarko Petroleum Corporation makes up approx 0.04% of Agf Investments’s portfolio.Klingenstein Fields Co boosted its stake in APC in the latest quarter, The investment management firm added 32,965 additional shares and now holds a total of 43,540 shares of Anadarko Petroleum Corporation which is valued at $2 Million. Anadarko Petroleum Corporation makes up approx 0.10% of Klingenstein Fields Co’s portfolio.Ingalls Snyder reduced its stake in APC by selling 5,050 shares or 12.57% in the most recent quarter. The Hedge Fund company now holds 35,134 shares of APC which is valued at $1.9 Million. Anadarko Petroleum Corporation makes up approx 0.11% of Ingalls Snyder’s portfolio.

Anadarko Petroleum Corporation opened for trading at $50.77 and hit $52.28 on the upside on Wednesday, eventually ending the session at $52.09, with a gain of 3.68% or 1.85 points. The heightened volatility saw the trading volume jump to 62,74,351 shares. Company has a market cap of $26,588 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.

Investors should note that on May 10, 2016, Anadarko Petroleum Corporation announced a cash dividend of $0.0500. The company’s management has announced Jun 6, 2016 as the ex-dividend date and fixed the record date on Jun 8, 2016. The payable date has been fixed on Jun 22, 2016.

Many Wall Street Analysts have commented on Anadarko Petroleum Corporation. Anadarko Petroleum Corporation was Downgraded by Scotia Howard Weil to ” Sector Outperform” on May 16, 2016. 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.

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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