Reliance Trust Co Of Delaware buys $2,681,311 stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Reliance Trust Co Of Delaware scooped up 2,269 additional shares in Anadarko Petroleum Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 42,312 shares of Anadarko Petroleum Corporation which is valued at $2,681,311.Anadarko Petroleum Corporation makes up approximately 0.25% of Reliance Trust Co Of Delaware’s portfolio.

Other Hedge Funds, Including , Sarasin Partners Llp reduced its stake in APC by selling 97,689 shares or 7.24% in the most recent quarter. The Hedge Fund company now holds 1,251,023 shares of APC which is valued at $79,277,328. Anadarko Petroleum Corporation makes up approx 1.27% of Sarasin Partners Llp’s portfolio.Msi Financial Services Inc boosted its stake in APC in the latest quarter, The investment management firm added 36 additional shares and now holds a total of 11,873 shares of Anadarko Petroleum Corporation which is valued at $760,703. Anadarko Petroleum Corporation makes up approx 0.03% of Msi Financial Services Inc’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in APC in the latest quarter, The investment management firm added 18,404 additional shares and now holds a total of 168,534 shares of Anadarko Petroleum Corporation which is valued at $10,797,973. Anadarko Petroleum Corporation makes up approx 0.18% of Gulf International Bank (uk) Ltd’s portfolio.Atria Investments boosted its stake in APC in the latest quarter, The investment management firm added 2,101 additional shares and now holds a total of 5,847 shares of Anadarko Petroleum Corporation which is valued at $372,571. Anadarko Petroleum Corporation makes up approx 0.03% of Atria Investments’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in APC by selling 50,227 shares or 49.13% in the most recent quarter. The Hedge Fund company now holds 52,014 shares of APC which is valued at $3,349,181. Anadarko Petroleum Corporation makes up approx 0.07% of Oregon Public Employees Retirement Fund’s portfolio.

Anadarko Petroleum Corporation closed down -0.7 points or -1.09% at $63.37 with 25,92,322 shares getting traded on Friday. Post opening the session at $64.5, the shares hit an intraday low of $63.17 and an intraday high of $64.73 and the price fluctuated in this range throughout the day.Shares ended Friday 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. Company shares were Reiterated by Barclays on Oct 4, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 60 from a previous price target of $50 .Anadarko Petroleum Corporation was Upgraded by Johnson Rice to ” Buy” on Sep 13, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 70 from a previous price target of $66 .

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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