Ownership Action to Note: Anadarko Petroleum Corp (NYSE:APC) Quarterly Sentiment Change Report

November 24, 2016 - By Pete Kolinski   ·   0 Comments

Ownership Action to Note: Anadarko Petroleum Corp (NYSE:APC) Quarterly Sentiment Change Report

Sentiment for Anadarko Petroleum Corp (NYSE:APC)

Anadarko Petroleum Corp (NYSE:APC) institutional sentiment increased to 1.35 in Q2 2016. Its up 0.46, from 0.89 in 2016Q1. The ratio is more positive, as 280 investment professionals increased or started new stock positions, while 316 sold and trimmed equity positions in Anadarko Petroleum Corp. The investment professionals in our partner’s database now have: 432.86 million shares, down from 440.99 million shares in 2016Q1. Also, the number of investment professionals holding Anadarko Petroleum Corp in their top 10 stock positions decreased from 16 to 15 for a decrease of 1. Sold All: 64 Reduced: 252 Increased: 230 New Position: 50.

Anadarko Petroleum Corporation is an independent exploration and production company. The company has a market cap of $36.34 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.

The stock increased 1.48% or $0.95 on November 23, hitting $65. About 3.40M shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 23.69% since April 22, 2016 and is uptrending. It has outperformed by 18.28% the S&P500.

Analysts await Anadarko Petroleum Corporation (NYSE:APC) to report earnings on February, 6. They expect $-0.46 earnings per share, up 19.30% or $0.11 from last year’s $-0.57 per share. After $-0.89 actual earnings per share reported by Anadarko Petroleum Corporation for the previous quarter, Wall Street now forecasts -48.31% EPS growth.

According to Zacks Investment Research, “Anadarko Petroleum Corporation is one of the world’s largest independent oil and gas exploration and production companies. Majority of the company’s total proved reserves are located in the U.S., primarily in the mid-continent (Kansas, Oklahoma and Texas) area, offshore in the Gulf of Mexico and in Alaska. Most of the company’s production is domestic and the remainder is from Algeria. The company also owns and operates gas gathering systems in its U.S. core producing areas.”

Encompass Capital Advisors Llc holds 9.11% of its portfolio in Anadarko Petroleum Corporation for 577,035 shares. Caymus Capital Partners L.P. owns 886,700 shares or 7.06% of their US portfolio. Moreover, Carmignac Gestion has 6.21% invested in the company for 13.62 million shares. The New York-based Stelliam Investment Management Lp has invested 6.03% in the stock. Mitchell Group Inc, a Texas-based fund reported 1.06 million shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 1 sale for $459,750 net activity.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Ratings analysis reveals 79% of Anadarko Petroleum Corporation’s analysts are positive. Out of 29 Wall Street analysts rating Anadarko Petroleum Corporation, 23 give it “Buy”, 2 “Sell” rating, while 4 recommend “Hold”. The lowest target is $4 while the high is $109. The stock’s average target of $73.65 is 13.31% above today’s ($65) share price. APC was included in 59 notes of analysts from July 21, 2015. Goldman Sachs upgraded Anadarko Petroleum Corporation (NYSE:APC) rating on Friday, March 11. Goldman Sachs has “Buy” rating and $58 price target. As per Wednesday, September 14, the company rating was maintained by CLSA. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Overweight” rating by JP Morgan on Friday, April 15. Nomura maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Tuesday, May 3. Nomura has “Buy” rating and $4 price target. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, September 13 report. Macquarie Research maintained Anadarko Petroleum Corporation (NYSE:APC) rating on Wednesday, September 14. Macquarie Research has “Outperform” rating and $71 price target. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, September 13. The firm has “Equal-Weight” rating by Barclays Capital given on Friday, July 29. The rating was upgraded by Deutsche Bank to “Buy” on Thursday, October 13. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Neutral” rating given on Wednesday, December 9 by JP Morgan.

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.

Another recent and important Anadarko Petroleum Corporation (NYSE:APC) news was published by Bizjournals.com which published an article titled: “Anadarko closes on $1B asset sale” on November 18, 2016.

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By Pete Kolinski

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