Point72 Asset Management LP Has Lifted Its Anadarko Pete Corp (APC) Position by $268.18 Million

May 18, 2018 - By Donald McKee

Anadarko Petroleum Corporation (NYSE:APC) LogoInvestors sentiment increased to 0.88 in Q4 2017. Its up 0.04, from 0.84 in 2017Q3. It increased, as 60 investors sold APC shares while 255 reduced holdings. 91 funds opened positions while 187 raised stakes. 454.79 million shares or 2.87% less from 468.24 million shares in 2017Q3 were reported. Natl Pension Service holds 538,912 shares. Oslo Asset Mgmt As has 426,100 shares. Schwab Charles reported 2.17M shares. Commerzbank Aktiengesellschaft Fi holds 0.21% in Anadarko Petroleum Corporation (NYSE:APC) or 310,695 shares. 28.18 million were reported by State Street Corp. Aperio Group Limited Liability Corporation accumulated 259,068 shares. 104,527 are held by Montgomery Investment Mgmt. Sigma Counselors invested 0.26% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Supplemental Annuity Collective Of Nj has invested 0.14% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Guardian Life Ins Commerce Of America has 1,814 shares. Optimum Invest Advisors stated it has 0.14% in Anadarko Petroleum Corporation (NYSE:APC). 1,700 are held by Duncker Streett Inc. Swiss Commercial Bank stated it has 2.07 million shares or 0.12% of all its holdings. Cullen Frost Bankers holds 0.02% or 9,151 shares in its portfolio. Canada Pension Plan Board owns 374,217 shares or 0.04% of their US portfolio.

Steve Cohen increased its stake in Anadarko Pete Corp (APC) by 722.86% based on its latest 2017Q4 regulatory filing with the SEC. Point72 Asset Management Lp bought 5.06 million shares as the company’s stock rose 14.87% while stock markets declined. The hedge fund run by Steve Cohen held 5.76M shares of the oil & gas production company at the end of 2017Q4, valued at $308.97 million, up from 700,000 at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Anadarko Pete Corp for a number of months, seems to be bullish on the $36.64B market cap company. The stock increased 1.17% or $0.82 during the last trading session, reaching $71.14. About 3.87 million shares traded. Anadarko Petroleum Corporation (NYSE:APC) has risen 1.43% since May 18, 2017 and is uptrending. It has underperformed by 10.12% the S&P500.

Point72 Asset Management Lp, which manages about $23.17B US Long portfolio, decreased its stake in Keysight Technologies Inc (NYSE:KEYS) by 215,885 shares to 106,715 shares, valued at $4.44 million in 2017Q4, according to the filing. It also reduced its holding in Varian Med Sys Inc (NYSE:VAR) by 92,839 shares in the quarter, leaving it with 50,261 shares, and cut its stake in Boyd Gaming Corp (NYSE:BYD).

More important recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Seekingalpha.com which released: “Point72 adds heavy in WYNN, AVGO; trims CMCSA, APC, MU” on May 15, 2018, also Seekingalpha.com published article titled: “Anadarko: Don’t Sell Yet”, Bizjournals.com published: “Anadarko to spend up to $4.5 billion in 2018” on May 17, 2018. More interesting news about Anadarko Petroleum Corporation (NYSE:APC) was released by: Seekingalpha.com and their article: “Oakmark Equity And Income Fund: Q1 2018” with publication date: April 23, 2018.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Among 15 analysts covering Anadarko Petroleum (NYSE:APC), 12 have Buy rating, 1 Sell and 2 Hold. Therefore 80% are positive. Anadarko Petroleum had 34 analyst reports since November 20, 2017 according to SRatingsIntel. Stifel Nicolaus maintained Anadarko Petroleum Corporation (NYSE:APC) on Wednesday, May 2 with “Buy” rating. BMO Capital Markets maintained it with “Outperform” rating and $70 target in Thursday, February 8 report. Piper Jaffray maintained Anadarko Petroleum Corporation (NYSE:APC) on Wednesday, April 18 with “Buy” rating. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Overweight” rating by PiperJaffray on Thursday, December 21. The firm has “Outperform” rating by Credit Suisse given on Wednesday, February 7. The firm has “Buy” rating given on Tuesday, January 23 by Credit Suisse. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Neutral” rating given on Wednesday, January 3 by Citigroup. The firm has “Buy” rating given on Wednesday, March 14 by Piper Jaffray. The company was maintained on Thursday, April 19 by Susquehanna. The stock of Anadarko Petroleum Corporation (NYSE:APC) has “Buy” rating given on Tuesday, December 19 by Seaport Global.

Anadarko Petroleum Corporation (NYSE:APC) Institutional Positions Chart

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