Clearbridge Investments LLC Lifted Its Position in Anadarko Pete Corp (APC) as Share Price Declined

February 5, 2018 - By Stephen Andrade

Investors sentiment increased to 0.84 in 2017 Q3. Its up 0.02, from 0.82 in 2017Q2. It improved, as 54 investors sold APC shares while 267 reduced holdings. 93 funds opened positions while 178 raised stakes. 468.24 million shares or 0.20% less from 469.17 million shares in 2017Q2 were reported. Dupont Management Corp stated it has 5,236 shares or 0.01% of all its holdings. Aviva Public Ltd Company reported 0.09% stake. Rocky Mountain Advisers Ltd Liability has 0.05% invested in Anadarko Petroleum Corporation (NYSE:APC) for 250 shares. Parkside Bancorp & stated it has 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Hm Payson & stated it has 0.03% in Anadarko Petroleum Corporation (NYSE:APC). Loring Wolcott Coolidge Fiduciary Llp Ma has invested 0.01% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC). Jane Street Grp Inc Ltd Limited Liability Company stated it has 0% in Anadarko Petroleum Corporation (NYSE:APC). Nationwide Fund Advsr reported 1.12M shares. Benjamin F Edwards reported 13,063 shares. Walleye Trading Lc reported 91,866 shares. Bridgewater Lp reported 27,112 shares. Patten Patten Incorporated Tn owns 84,859 shares. 36,424 were accumulated by Cognios Cap Ltd Liability Com. Da Davidson & stated it has 0.09% in Anadarko Petroleum Corporation (NYSE:APC). Fukoku Mutual Life Insurance reported 0.02% of its portfolio in Anadarko Petroleum Corporation (NYSE:APC).

Clearbridge Investments Llc increased its stake in Anadarko Pete Corp (APC) by 1% based on its latest 2017Q3 regulatory filing with the SEC. Clearbridge Investments Llc bought 285,438 shares as the company’s stock declined 20.17% while stock markets rallied. The institutional investor held 28.72M shares of the oil & gas production company at the end of 2017Q3, valued at $1.40B, up from 28.44M at the end of the previous reported quarter. Clearbridge Investments Llc who had been investing in Anadarko Pete Corp for a number of months, seems to be bullish on the $32.34 billion market cap company. The stock decreased 3.68% or $2.26 during the last trading session, reaching $59.11. About 8.90M shares traded or 60.14% up from the average. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since February 5, 2017 and is uptrending. It has underperformed by 8.41% the S&P500.

Clearbridge Investments Llc, which manages about $103.98B US Long portfolio, decreased its stake in Nustar Energy Lp (NYSE:NS) by 244,210 shares to 1.99 million shares, valued at $80.88 million in 2017Q3, according to the filing. It also reduced its holding in Raytheon Co (NYSE:RTN) by 589,564 shares in the quarter, leaving it with 2.89M shares, and cut its stake in Astrazeneca Plc (NYSE:AZN).

More notable recent Anadarko Petroleum Corporation (NYSE:APC) news were published by: Seekingalpha.com which released: “Potential regulatory clampdown weighs on Colorado drillers after explosions” on January 29, 2018, also Nasdaq.com with their article: “Why Earnings Season Could Be Great for Anadarko Petroleum (APC)” published on February 02, 2018, Denverpost.com published: “OSHA cites four employers, including Anadarko Petroleum, in explosion that …” on January 26, 2018. More interesting news about Anadarko Petroleum Corporation (NYSE:APC) were released by: Seekingalpha.com and their article: “ConocoPhillips swings to Q4 profit; shares little changed premarket” published on February 01, 2018 as well as Chron.com‘s news article titled: “Anadarko in talks for supplying LNG to China`” with publication date: January 09, 2018.

Anadarko Petroleum Corporation (NYSE:APC) Ratings Coverage

Among 39 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 32 have Buy rating, 2 Sell and 5 Hold. Therefore 82% are positive. Anadarko Petroleum Corporation had 125 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, December 20, the company rating was maintained by RBC Capital Markets. As per Thursday, January 11, the company rating was maintained by BMO Capital Markets. The company was upgraded on Friday, April 15 by JP Morgan. On Monday, November 6 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was maintained by IBERIA Capital Partners on Monday, November 2 with “Outperform”. The rating was maintained by Stifel Nicolaus on Monday, May 29 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, January 29. The company was maintained on Tuesday, September 13 by Citigroup. The company was maintained on Monday, October 16 by Cowen & Co. On Tuesday, September 13 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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