Factory Mutual Insurance Co. continued to hold its position in shares of Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 713,000 shares of the oil and gas development company’s stock at the end of the second quarter. Factory Mutual Insurance Co. owned 0.13% of Anadarko Petroleum Corporation worth $32,327,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in APC. Guardian Life Insurance Co. of America raised its position in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Anadarko Petroleum Corporation by 1.4% in the first quarter. Quadrant Capital Group LLC now owns 3,375 shares of the oil and gas development company’s stock worth $198,000 after buying an additional 48 shares during the last quarter. Honkamp Krueger Financial Services Inc. raised its position in shares of Anadarko Petroleum Corporation by 0.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 13,586 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 51 shares during the last quarter. Albert D Mason Inc. raised its position in shares of Anadarko Petroleum Corporation by 0.5% in the first quarter. Albert D Mason Inc. now owns 13,576 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 65 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Anadarko Petroleum Corporation by 1.1% in the first quarter. IFP Advisors Inc now owns 7,043 shares of the oil and gas development company’s stock worth $437,000 after buying an additional 78 shares during the last quarter. Hedge funds and other institutional investors own 85.12% of the company’s stock.
Shares of Anadarko Petroleum Corporation (APC) opened at 44.91 on Thursday. The stock’s 50 day moving average is $46.15 and its 200 day moving average is $58.39. The firm’s market capitalization is $25.16 billion. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings data on Tuesday, May 2nd. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.34. The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $2.64 billion. Anadarko Petroleum Corporation had a negative net margin of 23.64% and a negative return on equity of 8.94%. On average, equities research analysts forecast that Anadarko Petroleum Corporation will post ($1.18) EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend was Monday, June 12th. Anadarko Petroleum Corporation’s payout ratio is currently -4.45%.
A number of brokerages have issued reports on APC. UBS AG restated a “buy” rating and set a $80.00 target price on shares of Anadarko Petroleum Corporation in a research report on Monday, May 15th. Royal Bank Of Canada set a $78.00 price target on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Saturday, June 17th. Cowen and Company set a $60.00 price target on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, April 28th. Finally, Morgan Stanley downgraded shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price target for the company. in a report on Wednesday, May 3rd. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $73.44.
In related news, Director Anthony R. Chase acquired 1,905 shares of Anadarko Petroleum Corporation stock in a transaction on Thursday, May 18th. The shares were acquired at an average cost of $52.48 per share, with a total value of $99,974.40. Following the transaction, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman R A. Walker acquired 19,300 shares of Anadarko Petroleum Corporation stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $51.82 per share, for a total transaction of $1,000,126.00. Following the completion of the transaction, the chairman now owns 176,718 shares in the company, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 41,205 shares of company stock worth $2,136,700. Insiders own 0.45% of the company’s stock.
Anadarko Petroleum Corporation Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.
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