Anadarko Petroleum Corporation (NYSE:APC)’s stock turns attractive

by Jack Bibey | Tuesday, Aug 27, 2013 | 612 views

Northern, WI 08/27/2013 (usastockreport) – The shares of Anadarko Petroleum Corporation (NYSE:APC) had recently been more popular among the hedge fund managers which could further be ascertained from its recent surge in prices. This stock had stayed to be the top most popular company in the energy sector to attract heavy flow of investments from the hedge funds. This oil and gas company had recently presented stronger earnings in its quarterly reports and had further raised expectations for the financial performance of the full fiscal year. The analysts on The Wall Street had further commented that the energy sector firm possesses strong potential to present heavy growth in earnings for the next several years.

All such bright prospects of Anadarko Petroleum Corporation (NYSE:APC) had led the stock to turn attractive in the markets and it was observed that there were a total of 65 hedge funds which had long positions in this stock by the beginning of the third quarter. This was observed to be a gain of 8% over the investment by hedge funds for the previous quarter. It is further worth noting there were few hedge funds which had in fact increased their holdings in this stock.

Presently, Mason Capital Management holds the most valuable position in the shares of Anadarko Petroleum Corporation (NYSE:APC) with stock worth $435.8 million comprising of 8.7% of the total portfolio of the fund. Further, Highfields Capital Management of Jonathon Jacobson had made investments of around $397.4 million in this energy sector stock during this quarter. The other funds which had initiated new holding positions in the stock include Corvex Capital, Citadel Investment Group and D E Shaw. All such increased holdings by the hedge fund managers prove to ascertain that the stock of Anadarko Petroleum Corporation (NYSE:APC) has the potential to grow to new heights in the near future.

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