Patten Patten Inctn Lowers stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Patten Patten Inctn reduced its stake in Anadarko Petroleum Corporation by 5.48% during the most recent quarter end. The investment management company now holds a total of 85,593 shares of Anadarko Petroleum Corporation which is valued at $5,453,986 after selling 4,960 shares in Anadarko Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Anadarko Petroleum Corporation makes up approximately 0.71% of Patten Patten Inctn’s portfolio.

Other Hedge Funds, Including , Morgens Waterfall Vintiadis Co Inc added APC to its portfolio by purchasing 65,000 company shares during the most recent quarter which is valued at $4,141,800. Anadarko Petroleum Corporation makes up approx 3.74% of Morgens Waterfall Vintiadis Co Inc’s portfolio. Searle added APC to its portfolio by purchasing 12,595 company shares during the most recent quarter which is valued at $810,992. Anadarko Petroleum Corporation makes up approx 0.70% of Searle’s portfolio.Raymond James Trust N.a. reduced its stake in APC by selling 397 shares or 2.23% in the most recent quarter. The Hedge Fund company now holds 17,403 shares of APC which is valued at $1,120,579. Anadarko Petroleum Corporation makes up approx 0.10% of Raymond James Trust N.a.’s portfolio.Addison Capital Co reduced its stake in APC by selling 350 shares or 2.76% in the most recent quarter. The Hedge Fund company now holds 12,350 shares of APC which is valued at $795,217. Anadarko Petroleum Corporation makes up approx 0.70% of Addison Capital Co’s portfolio.Advisory Services Network boosted its stake in APC in the latest quarter, The investment management firm added 18 additional shares and now holds a total of 2,852 shares of Anadarko Petroleum Corporation which is valued at $180,988. Anadarko Petroleum Corporation makes up approx 0.03% of Advisory Services Network’s portfolio.

Anadarko Petroleum Corporation closed down -0.67 points or -1.04% at $63.72 with 46,77,665 shares getting traded on Tuesday. Post opening the session at $64.2, the shares hit an intraday low of $63.3 and an intraday high of $64.54 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

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.