Anadarko Petroleum Corporation (APC) : Bridges Investment Management Inc scooped up 21,053 additional shares in Anadarko Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 34,581 shares of Anadarko Petroleum Corporation which is valued at $1,817,232.Anadarko Petroleum Corporation makes up approximately 0.32% of Bridges Investment Management Inc’s portfolio.
Anadarko Petroleum Corporation opened for trading at $53.03 and hit $55.46 on the upside on Wednesday, eventually ending the session at $54.78, with a gain of 4.62% or 2.42 points. The heightened volatility saw the trading volume jump to 76,06,778 shares. Company has a market cap of $27,852 M.
Other Hedge Funds, Including , Transamerica Financial Advisors boosted its stake in APC in the latest quarter, The investment management firm added 285 additional shares and now holds a total of 300 shares of Anadarko Petroleum Corporation which is valued at $15,765.Lebenthal Holdingsllc boosted its stake in APC in the latest quarter, The investment management firm added 4,381 additional shares and now holds a total of 15,955 shares of Anadarko Petroleum Corporation which is valued at $838,435. Anadarko Petroleum Corporation makes up approx 0.14% of Lebenthal Holdingsllc’s portfolio.Fisher Asset Management reduced its stake in APC by selling 1,001 shares or 10.12% in the most recent quarter. The Hedge Fund company now holds 8,886 shares of APC which is valued at $466,959. Clean Yield Group added APC to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $83,147. Anadarko Petroleum Corporation makes up approx 0.04% of Clean Yield Group’s portfolio.
On the company’s financial health, Anadarko Petroleum Corporation reported $-0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.51 according to the earnings call on Feb 1, 2016. Analyst had a consensus of $-1.08. The company had revenue of $2053.00 million for the quarter, compared to analysts expectations of $1986.75 million. The company’s revenue was down -35.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.37 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.