Viking Global Investors Lp buys $423,545,809 stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Viking Global Investors Lp scooped up 6,949,514 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 15, 2016. The investment management firm now holds a total of 7,802,981 shares of Anadarko Petroleum Corporation which is valued at $423,545,809.Anadarko Petroleum Corporation makes up approximately 1.67% of Viking Global Investors Lp’s portfolio.

Other Hedge Funds, Including , Patten Group reduced its stake in APC by selling 2,145 shares or 7.18% in the most recent quarter. The Hedge Fund company now holds 27,748 shares of APC which is valued at $1,506,161. Anadarko Petroleum Corporation makes up approx 0.69% of Patten Group’s portfolio.Capital Innovations reduced its stake in APC by selling 500 shares or 2.88% in the most recent quarter. The Hedge Fund company now holds 16,875 shares of APC which is valued at $915,975. Anadarko Petroleum Corporation makes up approx 2.56% of Capital Innovations’s portfolio.Rhumbline Advisers boosted its stake in APC in the latest quarter, The investment management firm added 50,412 additional shares and now holds a total of 787,931 shares of Anadarko Petroleum Corporation which is valued at $42,768,895. Anadarko Petroleum Corporation makes up approx 0.12% of Rhumbline Advisers’s portfolio. Gratus Capital added APC to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $579,480. Anadarko Petroleum Corporation makes up approx 0.08% of Gratus Capital’s portfolio.State Of New Jersey Common Pension Fund D reduced its stake in APC by selling 115,000 shares or 22.12% in the most recent quarter. The Hedge Fund company now holds 405,000 shares of APC which is valued at $21,335,400. Anadarko Petroleum Corporation makes up approx 0.09% of State Of New Jersey Common Pension Fund D’s portfolio.

Anadarko Petroleum Corporation opened for trading at $53.12 and hit $54.02 on the upside on Thursday, eventually ending the session at $53.54, with a gain of 0.13% or 0.07 points. The heightened volatility saw the trading volume jump to 51,95,640 shares. Company has a market cap of $27,330 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.

Investors should note that on Aug 2, 2016, Anadarko Petroleum Corporation announced a cash dividend of $0.0500. The company’s management has announced Sep 12, 2016 as the ex-dividend date and fixed the record date on Sep 14, 2016. The payable date has been fixed on Sep 28, 2016.

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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