Shorts On Watch: Is Buying Anadarko Petroleum Corporation (NYSE:APC), Having Higher Short Interest a Winning Strategy?

November 23, 2016 - By Louis Casey   ·   0 Comments

Shorts On Watch: Is Buying Anadarko Petroleum Corporation (NYSE:APC), Having Higher Short Interest a Winning Strategy?

The stock of Anadarko Petroleum Corporation (NYSE:APC) registered an increase of 0.99% in short interest. APC’s total short interest was 12.38 million shares in November as published by FINRA. Its up 0.99% from 12.26 million shares, reported previously. With 4.60M shares average volume, it will take short sellers 3 days to cover their APC’s short positions. The short interest to Anadarko Petroleum Corporation’s float is 2.43%. About 1.61 million shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 28.02% since April 21, 2016 and is uptrending. It has outperformed by 22.69% the S&P500.

Anadarko Petroleum Corporation is an independent exploration and production company. The company has a market cap of $36.54 billion. The Company’s divisions include Oil and Gas Exploration & Production; Midstream, and Marketing. It currently has negative earnings. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.

Insitutional Activity: The institutional sentiment increased to 1.35 in Q2 2016. Its up 0.46, from 0.89 in 2016Q1. The ratio is positive, as 64 funds sold all Anadarko Petroleum Corporation shares owned while 252 reduced positions. 50 funds bought stakes while 230 increased positions. They now own 432.86 million shares or 1.84% less from 440.99 million shares in 2016Q1.
First Washington Corp has invested 1.87% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Deutsche Bank Ag has 2.83M shares for 0.11% of their US portfolio. Smithfield Trust last reported 0.04% of its portfolio in the stock. The New York-based Grandfield And Dodd Limited Liability Co has invested 0.06% in Anadarko Petroleum Corporation (NYSE:APC). Blackrock Mngmt Ltd Com has 0.15% invested in the company for 2.16M shares. Bridgewater Assoc L P holds 0.1% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 149,380 shares. Sumitomo Life Insur has 0.14% invested in the company for 18,781 shares. Texas Permanent School Fund has invested 0.12% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Stillwater Invest Limited Liability Corp last reported 15,712 shares in the company. Ig Invest Ltd holds 121,231 shares or 0.03% of its portfolio. Salient Tru Lta has 37,550 shares for 0.21% of their US portfolio. Osterweis Management last reported 1.44% of its portfolio in the stock. Levin Strategies L P accumulated 1.26% or 1.31M shares. Nomura owns 10,427 shares or 0% of their US portfolio. Plante Moran Fin Advisors Limited Liability Corp holds 0.01% or 220 shares in its portfolio.

Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 1 sale for $459,750 net activity. GORDON JOHN R sold 7,500 shares worth $459,750.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Out of 29 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 23 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 79% are positive. Anadarko Petroleum Corporation has been the topic of 59 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs upgraded the shares of APC in a report on Friday, March 11 to “Buy” rating. The rating was downgraded by Alembic to “Neutral” on Wednesday, May 4. The rating was maintained by Macquarie Research on Wednesday, September 14 with “Outperform”. As per Thursday, September 15, the company rating was maintained by Deutsche Bank. JP Morgan upgraded the shares of APC in a report on Friday, April 15 to “Overweight” rating. Tudor Pickering downgraded the stock to “Accumulate” rating in Thursday, November 12 report. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, March 29. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Equal-Weight” rating by Barclays Capital on Friday, July 29. The company was maintained on Wednesday, February 3 by Barclays Capital. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Equal-Weight” rating given on Wednesday, March 9 by Barclays Capital.

APC Company Profile

Anadarko Petroleum Corporation (Anadarko), incorporated on June 12, 1985, is an independent exploration and production company. The Firm is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s divisions include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique. The Midstream segment engages in gathering, processing, treating and transporting Anadarko and third-party oil, natural-gas and NGLs production. The Marketing segment sells Anadarko’s oil, natural-gas and NGLs production, as well as third-party purchased volumes. The Firm has approximately 2.1 billion barrels of oil equivalent (BOE) of proved reserves.

More news for Anadarko Petroleum Corporation (NYSE:APC) were recently published by: Bizjournals.com, which released: “Anadarko closes on $1B asset sale” on November 18, 2016. Prnewswire.com‘s article titled: “Anadarko Declares Dividend” and published on November 11, 2016 is yet another important article.

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By Louis Casey


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