Is Anadarko Petroleum Corporation (APC) Going to Burn These Hedge Funds?

Is Anadarko Petroleum Corporation (NYSE:APC) the right pick for your portfolio? Hedge funds are getting more optimistic. The number of bullish hedge fund bets increased by nine recently.

Anadarko Petroleum Corporation (NYSE:APC)

Andarko made headlines recently when the company asked the U.S. Appeals Court in New Orleans to throw out a ruling that the company was liable under the Clean Water Act for the 2010 Gulf of Mexico oil spill.

Now, let’s take a look at the recent action surrounding Anadarko Petroleum Corporation (NYSE:APC).

What does the smart money think about Anadarko Petroleum Corporation (NYSE:APC)?

Heading into Q2, a total of 74 of the hedge funds Insider Monkey tracks held long positions in this stock, a change of 14 percent from the previous quarter. With hedgies’ positions undergoing their usual ebb and flow, there exists a few key hedge fund managers who were upping their holdings substantially.

According to Insider Monkey’s comprehensive database, Highfields Capital Management, managed by Jonathon Jacobson, holds the largest position in Anadarko Petroleum Corporation (NYSE:APC). Highfields Capital Management has a $362.8 million position in the stock, comprising 2.9 percent of its 13F portfolio. On Highfields Capital Management’s heels is Magnetar Capital, managed by Alec Litowitz and Ross Laser, which held a $271.2 million call position; the fund has 4.6 percent of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Kenneth Mario Garschina’s Mason Capital Management, Phill Gross and Robert Atchinson’s Adage Capital Management and Ken Griffin’s Citadel Investment Group.

As aggregate interest increased, specific money managers have been driving this bullishness. Two Sigma Advisors, managed by John Overdeck and David Siegel, established the most valuable position in Anadarko Petroleum Corporation (NYSE:APC). Two Sigma Advisors had 59.3 million invested in the company at the end of the quarter. Vince Maddi and Shawn Brennan’s SIR Capital Management also made a $33.8 million investment in the stock during the quarter. The other funds with brand new APC positions are Kurt Billick’s Bocage Capital, Anand Parekh’s Alyeska Investment Group, and Crispin Odey’s Odey Asset Management Group.

How are insiders trading Anadarko Petroleum Corporation (NYSE:APC)?

Insider buying is best served when the company in focus has experienced transactions within the past six months. Over the latest 180-day time period, Anadarko Petroleum Corporation (NYSE:APC) has seen zero unique insiders purchasing, and five insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Anadarko Petroleum Corporation (NYSE:APC). These stocks are Apache Corporation (NYSE:APA), EOG Resources Inc (NYSE:EOG), Enterprise Products Partners L.P. (NYSE:EPD), Canadian Natural Resource Ltd (USA) (NYSE:CNQ), and Suncor Energy Inc. (USA) (NYSE:SU). This group of stocks are in the independent oil and gas industry and their market caps match APC’s market cap.

Company Name # of Hedge Funds # of Insiders Buying # of Insiders Selling
Apache Corporation (NYSE:APA) 45 2 5
EOG Resources Inc (NYSE:EOG) 57 0 9
Enterprise Products Partners L.P. (NYSE:EPD) 17 0 1
Canadian Natural Resource Ltd (USA) (NYSE:CNQ) 28 0 0
Suncor Energy Inc. (USA) (NYSE:SU) 30 0 0

Of the competitor stocks in the independent oil and gas industry held by funds tracked by Insider Monkey, only EOG Resources Inc is nearly as popular as Andarko. Still nearly 20 more funds hold Andarko than are longĀ EOG Resources Inc (NYSE:EOG).


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