Spot Trading L.l.c Lowers stake in Anadarko Petroleum Corporation (APC)

Anadarko Petroleum Corporation (APC) : Spot Trading L.l.c reduced its stake in Anadarko Petroleum Corporation by 6.93% during the most recent quarter end. The investment management company now holds a total of 179,654 shares of Anadarko Petroleum Corporation which is valued at $9,464,173 after selling 13,384 shares in Anadarko Petroleum Corporation , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Anadarko Petroleum Corporation makes up approximately 1.26% of Spot Trading L.l.c’s portfolio.

Other Hedge Funds, Including , Icm Asset Management Incwa sold out all of its stake in APC during the most recent quarter. The investment firm sold 8,315 shares of APC which is valued $453,417.Verde Servicos Internacionais S.a. reduced its stake in APC by selling 3,550 shares or 3.33% in the most recent quarter. The Hedge Fund company now holds 103,168 shares of APC which is valued at $5,624,719. Anadarko Petroleum Corporation makes up approx 0.47% of Verde Servicos Internacionais S.a.’s portfolio.Next Financial Group Inc reduced its stake in APC by selling 825 shares or 23.28% in the most recent quarter. The Hedge Fund company now holds 2,719 shares of APC which is valued at $152,019. Anadarko Petroleum Corporation makes up approx 0.05% of Next Financial Group Inc’s portfolio.

Anadarko Petroleum Corporation opened for trading at $53.33 and hit $54.25 on the upside on Monday, eventually ending the session at $53.05, with a gain of 0.53% or 0.28 points. The heightened volatility saw the trading volume jump to 45,32,868 shares. Company has a market cap of $27,080 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.

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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