After Today’s Bullish Options Activity, Is Anadarko Petroleum Corporation’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Anadarko Petroleum Corporation's Near Term Analysis Positive?

In today’s session Anadarko Petroleum Corporation (APC) registered an unusually high (264) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious APC increase. With 264 contracts traded and 494 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: APC161118C00059000 closed last at: $1.84 or 34.8% down. About 1.74 million shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 32.93% since April 5, 2016 and is uptrending. It has outperformed by 30.97% the S&P500.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Out of 29 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 22 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 76% are positive. Anadarko Petroleum Corporation has been the topic of 58 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Neutral” rating on Monday, November 2 by Guggenheim. The firm has “Perform” rating by Oppenheimer given on Thursday, October 29. As per Wednesday, January 27, the company rating was downgraded by Atlantic Securities. The stock has “Overweight” rating given by Morgan Stanley on Tuesday, September 13. The firm has “Overweight” rating by JP Morgan given on Friday, April 15. The firm has “Buy” rating given on Tuesday, January 5 by Citigroup. Barclays Capital maintained the shares of APC in a report on Wednesday, March 9 with “Equal-Weight” rating. Macquarie Research maintained the stock with “Outperform” rating in Wednesday, September 14 report. The firm has “Focus Stock” rating given on Friday, November 13 by Howard Weil. Deutsche Bank downgraded the stock to “Hold” rating in Thursday, January 7 report.

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.”

Insitutional Activity: The institutional sentiment is 0.89 in 2016 Q2. 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.
Tocqueville Asset Mngmt Ltd Partnership has 85,131 shares for 0.06% of their US portfolio. Marshall Wace Llp last reported 4,898 shares in the company. Blackrock Group Ltd has invested 0.21% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Goldman Sachs accumulated 7.35M shares or 0.13% of the stock. Salient Trust Lta accumulated 37,550 shares or 0.21% of the stock. The New York-based Deltec Asset Management Lc has invested 2.15% in Anadarko Petroleum Corporation (NYSE:APC). Intrust Comml Bank Na accumulated 0.34% or 15,750 shares. Metropolitan Life Ins Company Ny, a New York-based fund reported 264,998 shares. Jacobs Co Ca holds 0.16% or 12,827 shares in its portfolio. Tower Cap Limited Company (Trc) accumulated 1,542 shares or 0.01% of the stock. Fukoku Mutual Life accumulated 1,780 shares or 0.02% of the stock. Shikiar Asset Mngmt holds 1.08% or 45,550 shares in its portfolio. Natixis Asset Management reported 5,447 shares or 0.03% of all its holdings. Invesco Limited holds 0.02% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 1.19 million shares. The Tennessee-based Reliant Investment Mngmt Limited Liability Company has invested 1.79% in Anadarko Petroleum Corporation (NYSE:APC).

Anadarko Petroleum Corporation is an independent exploration and production company. The company has a market cap of $34.17 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.

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 important recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Seekingalpha.com which released: “Anadarko Petroleum: What A Difference A Quarter Makes!” on November 07, 2016, also Bizjournals.com published article titled: “Anadarko expects Texas job losses due to asset sales”, Prnewswire.com published: “Anadarko Announces Third-Quarter 2016 Results” on October 31, 2016. More interesting news about Anadarko Petroleum Corporation (NYSE:APC) was released by: Prnewswire.com and their article: “Anadarko Schedules Third-Quarter 2016 Earnings Conference Call for Nov. 1” with publication date: October 18, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment