Anadarko Petroleum Corporation (APC) : Dnb Asset Management As scooped up 893,756 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 11, 2016. The investment management firm now holds a total of 1,822,507 shares of Anadarko Petroleum Corporation which is valued at $89,138,817.Anadarko Petroleum Corporation makes up approximately 1.84% of Dnb Asset Management As’s portfolio.
Anadarko Petroleum Corporation closed down -0.55 points or -1.11% at $48.91 with 44,29,114 shares getting traded on Friday. Post opening the session at $49.25, the shares hit an intraday low of $48.28 and an intraday high of $49.85 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Capstone Asset Management Co boosted its stake in APC in the latest quarter, The investment management firm added 93,669 additional shares and now holds a total of 144,308 shares of Anadarko Petroleum Corporation which is valued at $7,058,104. Anadarko Petroleum Corporation makes up approx 0.20% of Capstone Asset Management Co’s portfolio.British Columbia Investment Management Corp reduced its stake in APC by selling 12,696 shares or 6.7% in the most recent quarter. The Hedge Fund company now holds 176,691 shares of APC which is valued at $8,398,123. Anadarko Petroleum Corporation makes up approx 0.08% of British Columbia Investment Management Corp’s portfolio.First American Bank reduced its stake in APC by selling 9,513 shares or 31.08% in the most recent quarter. The Hedge Fund company now holds 21,095 shares of APC which is valued at $1,002,645. Anadarko Petroleum Corporation makes up approx 0.10% of First American Bank’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.