Anadarko Petroleum Corporation (NYSE:APC) Shorts Decreased by 23.52% After Short Covering


The stock of Anadarko Petroleum Corporation (NYSE:APC) registered a decrease of 23.52% in short interest. APC’s total short interest was 8.17 million shares in September as published by FINRA. Its down 23.52% from 10.69 million shares, reported previously. With 3.48 million shares average volume, it will take short sellers 2 days to cover their APC’s short positions. The short interest to Anadarko Petroleum Corporation’s float is 1.69%. About 27.35 million shares traded hands or 563.83% up from the average. Anadarko Petroleum Corporation (NYSE:APC) has risen 44.29% since February 8, 2016 and is uptrending. It has outperformed by 27.81% the S&P500.

Anadarko Petroleum Corporation is an independent exploration and production company. The company has a market cap of $29.37 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 institutional sentiment is 0.89 in Q2 2016. Its the same as in 2016Q1. The ratio is without change, as 64 funds sold all Anadarko Petroleum Corporation shares owned while 252 reduced positions. only 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.

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.

Out of 23 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 16 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 70% are positive. $97 is the highest target while $4 is the lowest. The $68.72 average target is 19.47% above today’s ($57.52) stock price. Anadarko Petroleum Corporation has been the topic of 38 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Johnson Rice upgraded the stock on September 13 to “Buy” rating.

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