This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

10 Top Hedge Fund Stock Buys

8. Anadarko Petroleum

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Anadarko Petroleum (APC - Get Report) is engaged in the exploration and production of oil and natural gas. The Company's three operating segments are oil and gas exploration and production, midstream and Marketing.

Anadarko is among the top five equity holdings of John Paulson. Paulson bought another 7.8 million shares during the fourth quarter, bringing his total holding in the company to 21.28 million.

Shumway Capital took a fresh exposure to the company as well, buying 1.3 million shares.

Oil and exploration companies are poised to benefit from higher oil prices and are gearing up to raise output. Anadarko said Thursday it will increase capital spending to $5.6 to $6 billion in 2011 up from $5.2 billion in 2010 as it develops projects in Africa and the U.S.

It plans to allocate 10% of its capital to developing the Eagleford and Marcellus shale plays in the U.S. The company expects to announce a joint-venture agreement in the Eagleford soon.

Output is expected to increase to 244 million barrels of oil equivalent (mmboe) to 248 mmboe in 2011. It projects a 10% increase in liquid volumes that will deliver higher margins.

The company's operations in Algeria have not been disrupted by protests in that country, but Anadarko has halted operations in the Ivory Coast.

16 analysts rate the stock a buy, 12 a hold. There are currently no sell ratings on the stock.
4 of 11

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
APC $66.44 3.60%
LYB $90.52 2.40%
WMB $41.55 1.30%
AAPL $110.76 0.34%
FB $93.98 2.10%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs