Could Anadarko Petroleum Corporation See a Reversal After Today’s Strong Options Activity?

 Could Anadarko Petroleum Corporation See a Reversal After Today's Strong Options Activity?

In today’s session Anadarko Petroleum Corporation (APC) registered an unusually high (1,044) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious APC increase. With 1,044 contracts traded and 35124 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: APC170120C00065000 closed last at: $2.44 or 11.9% down. About 797,348 shares traded hands. Anadarko Petroleum Corporation (NYSE:APC) has risen 22.58% since April 18, 2016 and is uptrending. It has outperformed by 18.15% the S&P500.

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. Barclays Capital maintained it with “Equal-Weight” rating and $50 target price in Friday, July 29 report. The stock of Anadarko Petroleum Corporation (NYSE:APC) earned “Buy” rating by Drexel Hamilton on Wednesday, June 8. Citigroup maintained the shares of APC in a report on Tuesday, September 13 with “Buy” rating. The company was downgraded on Wednesday, May 4 by Alembic. On Wednesday, November 2 the stock rating was upgraded by Credit Suisse to “Outperform”. The company was downgraded on Wednesday, January 27 by Atlantic Securities. The rating was maintained by Citigroup with “Neutral” on Monday, September 14. Deutsche Bank downgraded the shares of APC in a report on Thursday, January 7 to “Hold” rating. The firm has “Buy” rating by Zacks given on Friday, August 7. Morgan Stanley maintained it with “Overweight” rating and $81 target price in Tuesday, September 13 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 increased to 1.35 in 2016 Q2. Its up 0.46, from 0.89 in 2016Q1. The ratio increased, 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.
American Registered Advisor last reported 10,266 shares in the company. Ar Schmeidler holds 0.17% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC) for 14,600 shares. Bb&T Securities accumulated 0.03% or 35,640 shares. Davis R M accumulated 4,126 shares or 0.01% of the stock. Blackrock Japan Limited has 705,005 shares for 0.13% of their US portfolio. National Bank Of New York Mellon Corp owns 4.84M shares or 0.08% of their US portfolio. Mitchell Incorporated holds 1.06 million shares or 5.67% of its portfolio. Cambrian Partnership holds 142,803 shares or 4.53% of its portfolio. Virginia Retirement System Et Al has 21,700 shares for 0.02% of their US portfolio. Stonebridge Capital Advisors Limited Liability Com last reported 0.49% of its portfolio in the stock. Clifford Swan Invest Counsel Ltd Liability has 4,296 shares for 0.02% of their US portfolio. Airain accumulated 0.06% or 19,581 shares. Shinko Asset Mngmt accumulated 0% or 1,329 shares. Eaton Vance Mngmt last reported 2.45M shares in the company. Vantage Invest Advsr Lc last reported 0% of its portfolio in the stock.

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 is an independent exploration and production company. The company has a market cap of $34.87 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 recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Prnewswire.com which released: “Castleton Commodities International LLC Acquires Certain East Texas Assets …” on November 18, 2016. Also Prnewswire.com published the news titled: “Anadarko Declares Dividend” on November 11, 2016. Bizjournals.com‘s news article titled: “Anadarko expects Texas job losses due to asset sales” with publication date: November 07, 2016 was also an interesting one.

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