Nikko Asset Management Americas buys $21,859,031 stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Nikko Asset Management Americas scooped up 92,400 additional shares in Anadarko Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 400,936 shares of Anadarko Petroleum Corporation which is valued at $21,859,031.Anadarko Petroleum Corporation makes up approximately 2.02% of Nikko Asset Management Americas’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab reduced its stake in APC by selling 196,419 shares or 31.82% in the most recent quarter. The Hedge Fund company now holds 420,877 shares of APC which is valued at $22,946,214. Anadarko Petroleum Corporation makes up approx 0.07% of Nordea Investment Management Ab’s portfolio.Capstone Asset Management Co boosted its stake in APC in the latest quarter, The investment management firm added 55,685 additional shares and now holds a total of 199,993 shares of Anadarko Petroleum Corporation which is valued at $11,219,607. Anadarko Petroleum Corporation makes up approx 0.33% of Capstone Asset Management Co’s portfolio.Next Financial Group Inc reduced its stake in APC by selling 825 shares or 23.28% in the most recent quarter. The Hedge Fund company now holds 2,719 shares of APC which is valued at $152,019. Anadarko Petroleum Corporation makes up approx 0.05% of Next Financial Group Inc’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.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.

Anadarko Petroleum Corporation opened for trading at $53.36 and hit $54.79 on the upside on Wednesday, eventually ending the session at $54.52, with a gain of 1.24% or 0.67 points. The heightened volatility saw the trading volume jump to 40,51,080 shares. Company has a market cap of $27,828 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.

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.

Leave a Reply

Anadarko Petroleum Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Anadarko Petroleum Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.