Merriman Wealth Management adds Anadarko Petroleum Corporation (APC) to its portfolio

Anadarko Petroleum Corporation (APC) : Merriman Wealth Management added new position in Anadarko Petroleum Corporation during the most recent quarter end. The investment management firm now holds 51,610 shares of Anadarko Petroleum Corporation which is valued at $2,885,515 , the company said in a statement filed on Jul 8, 2016 with the SEC.Anadarko Petroleum Corporation makes up approximately 0.80% of Merriman Wealth Management’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx boosted its stake in APC in the latest quarter, The investment management firm added 8,332 additional shares and now holds a total of 132,124 shares of Anadarko Petroleum Corporation which is valued at $7,387,053. Anadarko Petroleum Corporation makes up approx 0.15% of Exxonmobil Investment Management Inc Tx’s portfolio.Patten Patten Inctn reduced its stake in APC by selling 2,226 shares or 2.4% in the most recent quarter. The Hedge Fund company now holds 90,553 shares of APC which is valued at $5,062,818. Anadarko Petroleum Corporation makes up approx 0.69% of Patten Patten Inctn’s portfolio.Triangle Securities Wealth Management reduced its stake in APC by selling 2,235 shares or 25.88% in the most recent quarter. The Hedge Fund company now holds 6,400 shares of APC which is valued at $357,824. Anadarko Petroleum Corporation makes up approx 0.26% of Triangle Securities Wealth Management’s portfolio.Curian Capital reduced its stake in APC by selling 71,898 shares or 65.64% in the most recent quarter. The Hedge Fund company now holds 37,630 shares of APC which is valued at $2,103,893. Anadarko Petroleum Corporation makes up approx 0.15% of Curian Capital’s portfolio.Kistler-tiffany Companies reduced its stake in APC by selling 45 shares or 9.2% in the most recent quarter. The Hedge Fund company now holds 444 shares of APC which is valued at $24,824. Anadarko Petroleum Corporation makes up approx 0.01% of Kistler-tiffany Companies’s portfolio.

Anadarko Petroleum Corporation closed down -1.32 points or -2.30% at $56.1 with 48,56,777 shares getting traded on Wednesday. Post opening the session at $57.43, the shares hit an intraday low of $55.49 and an intraday high of $57.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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 Initiated by Credit Agricole to “Underperform” on Jun 22, 2016. Anadarko Petroleum Corporation was Resumed by Piper Jaffray to “Overweight” on Jun 10, 2016. Anadarko Petroleum Corporation was Initiated by Drexel Hamilton to “Buy” on Jun 8, 2016.

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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