Menora Mivtachim Holdings Ltd. Lowers stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Menora Mivtachim Holdings Ltd. reduced its stake in Anadarko Petroleum Corporation by 37.24% during the most recent quarter end. The investment management company now holds a total of 352,937 shares of Anadarko Petroleum Corporation which is valued at $19,157,420 after selling 209,400 shares in Anadarko Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Anadarko Petroleum Corporation makes up approximately 1.02% of Menora Mivtachim Holdings Ltd.’s portfolio.

Other Hedge Funds, Including , Exane Asset Management added APC to its portfolio by purchasing 42,477 company shares during the most recent quarter which is valued at $2,241,511. Anadarko Petroleum Corporation makes up approx 0.80% of Exane Asset Management’s portfolio.Rathbone Brothers Plc reduced its stake in APC by selling 891 shares or 4.28% in the most recent quarter. The Hedge Fund company now holds 19,950 shares of APC which is valued at $1,050,966. Anadarko Petroleum Corporation makes up approx 0.06% of Rathbone Brothers Plc’s portfolio.Daiwa Securities Group reduced its stake in APC by selling 33,030 shares or 37.06% in the most recent quarter. The Hedge Fund company now holds 56,089 shares of APC which is valued at $3,017,588. Anadarko Petroleum Corporation makes up approx 0.02% of Daiwa Securities Group’s portfolio.Capital One National Association reduced its stake in APC by selling 690 shares or 8.8% in the most recent quarter. The Hedge Fund company now holds 7,155 shares of APC which is valued at $390,091. Anadarko Petroleum Corporation makes up approx 0.03% of Capital One National Association’s portfolio.

Anadarko Petroleum Corporation opened for trading at $54.92 and hit $56.25 on the upside on Monday, eventually ending the session at $56.22, with a gain of 1.74% or 0.96 points. The heightened volatility saw the trading volume jump to 25,21,409 shares. Company has a market cap of $28,698 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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