Simplex Trading adds Anadarko Petroleum Corporation (APC) to its portfolio

Anadarko Petroleum Corporation (APC) : Simplex Trading added new position in Anadarko Petroleum Corporation during the most recent quarter end. The investment management firm now holds 6,607 shares of Anadarko Petroleum Corporation which is valued at $419,280 , the company said in a statement filed on Oct 7, 2016 with the SEC.Anadarko Petroleum Corporation makes up approximately 0.05% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Oliver Luxxe Assets added APC to its portfolio by purchasing 3,236 company shares during the most recent quarter which is valued at $205,357. Anadarko Petroleum Corporation makes up approx 0.16% of Oliver Luxxe Assets’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in APC in the latest quarter, The investment management firm added 44,295 additional shares and now holds a total of 332,696 shares of Anadarko Petroleum Corporation which is valued at $21,339,121. Anadarko Petroleum Corporation makes up approx 0.09% of Bnp Paribas Arbitrage Sa’s portfolio.Chevy Chase Trust Holdings boosted its stake in APC in the latest quarter, The investment management firm added 19,498 additional shares and now holds a total of 457,509 shares of Anadarko Petroleum Corporation which is valued at $29,344,627. Anadarko Petroleum Corporation makes up approx 0.16% of Chevy Chase Trust Holdings’s portfolio.Stillwater Investment Management reduced its stake in APC by selling 284 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 15,428 shares of APC which is valued at $989,552. Anadarko Petroleum Corporation makes up approx 0.54% of Stillwater Investment Management’s portfolio.

Anadarko Petroleum Corporation closed down -0.39 points or -0.61% at $63.46 with 26,89,157 shares getting traded on Friday. Post opening the session at $64.05, the shares hit an intraday low of $62.97 and an intraday high of $64.37 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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