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Is Anadarko Petroleum Corporation (APC) a Good Stock to Buy?

As industrywide interest jumped, key money managers have been driving this bullishness. Zimmer Partners, managed by Stuart J. Zimmer, created the most outsized position in Anadarko Petroleum Corporation (NYSE:APC). Zimmer Partners had $221.8 million invested in the company at the end of the quarter. Zach Schreiber’s Point State Capital also made a $104.5 million investment in the stock during the quarter. The other funds with brand new APC positions are Daniel S. Och’s OZ Management, John Lykouretzos’s Hoplite Capital Management, and Paul Marshall and Ian Wace’s Marshall Wace LLP.

Let’s go over hedge fund activity in other stocks similar to Anadarko Petroleum Corporation (NYSE:APC). These stocks are Sherwin-Williams Company (NYSE:SHW), LIBERTY GLOBAL PLC (NASDAQ:LBTYK), Manulife Financial Corporation (USA) (NYSE:MFC), and Equinix Inc (NASDAQ:EQIX). This group of stocks’ market valuations are closest to APC’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
SHW 50 2237039 5
LBTYK 56 5713173 -4
MFC 13 197047 -3
EQIX 42 2131549 1

As you can see these stocks had an average of 40 investors holding shares and the average amount invested in these stocks was $2.57 billion. That figure was $3.90 billion in APC’s case. LIBERTY GLOBAL PLC (NASDAQ:LBTYK) is the most popular stock in this table. On the other hand Manulife Financial Corporation (USA) (NYSE:MFC) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks Anadarko Petroleum Corporation (NYSE:APC) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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