Anchor Capital Advisors buys $45,321,816 stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Anchor Capital Advisors scooped up 497,241 additional shares in Anadarko Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 860,323 shares of Anadarko Petroleum Corporation which is valued at $45,321,816.Anadarko Petroleum Corporation makes up approximately 1.16% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Trust Co Fsbmo reduced its stake in APC by selling 960 shares or 5.62% in the most recent quarter. The Hedge Fund company now holds 16,116 shares of APC which is valued at $880,578. Anadarko Petroleum Corporation makes up approx 0.01% of Tiaa Cref Trust Co Fsbmo’s portfolio. Searle sold out all of its stake in APC during the most recent quarter. The investment firm sold 12,595 shares of APC which is valued $706,580.Dnb Asset Management As boosted its stake in APC in the latest quarter, The investment management firm added 150,790 additional shares and now holds a total of 1,973,297 shares of Anadarko Petroleum Corporation which is valued at $110,327,035. Anadarko Petroleum Corporation makes up approx 2.29% of Dnb Asset Management As’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in APC by selling 855,929 shares or 74.8% in the most recent quarter. The Hedge Fund company now holds 288,401 shares of APC which is valued at $16,124,500. Anadarko Petroleum Corporation makes up approx 0.07% of Bnp Paribas Arbitrage Sa’s portfolio.

Anadarko Petroleum Corporation closed down -1.41 points or -2.68% at $51.27 with 54,53,744 shares getting traded on Thursday. Post opening the session at $52.39, the shares hit an intraday low of $51.06 and an intraday high of $53.1 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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