Reliance Trust Co. of Delaware raised its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 0.7% during the second quarter, Holdings Channel reports. The firm owned 31,168 shares of the oil and gas development company’s stock after buying an additional 221 shares during the period. Reliance Trust Co. of Delaware’s holdings in Anadarko Petroleum Corporation were worth $1,413,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Quantitative Investment Management LLC boosted its stake in Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock valued at $9,176,000 after buying an additional 139,700 shares during the period. Homrich & Berg boosted its stake in Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock valued at $561,000 after buying an additional 2,857 shares during the period. Amalgamated Bank boosted its stake in Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock valued at $2,151,000 after buying an additional 2,829 shares during the period. Airain ltd boosted its stake in Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock valued at $4,400,000 after buying an additional 40,878 shares during the period. Finally, Rafferty Asset Management LLC boosted its stake in Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock valued at $1,290,000 after buying an additional 11,937 shares during the period. Institutional investors own 84.70% of the company’s stock.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 46.32 on Monday. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33. The company’s market capitalization is $25.96 billion. The stock has a 50 day moving average price of $45.33 and a 200-day moving average price of $57.28.
Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company earned ($0.60) EPS. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% compared to the same quarter last year. Equities research analysts predict that Anadarko Petroleum Corporation will post ($1.91) earnings per share for the current fiscal year.
APC has been the subject of several recent analyst reports. Citigroup Inc. lowered their price target on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 21st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $81.00 price objective (up from $77.00) on shares of Anadarko Petroleum Corporation in a research note on Friday, May 12th. Royal Bank Of Canada set a $84.00 price objective on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Thursday, April 20th. Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Tuesday, June 6th. Finally, Barclays PLC lowered Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $52.00 to $42.00 in a research note on Wednesday, June 14th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $69.81.
In other news, Chairman R A. Walker acquired 19,300 shares of Anadarko Petroleum Corporation stock in a transaction on Wednesday, May 17th. The stock was bought at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the transaction, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Peter J. Fluor acquired 20,000 shares of Anadarko Petroleum Corporation stock in a transaction on Wednesday, May 17th. The stock was purchased at an average price of $51.83 per share, with a total value of $1,036,600.00. Following the transaction, the director now directly owns 146,750 shares in the company, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 41,205 shares of company stock valued at $2,136,700. 0.45% of the stock is owned by corporate insiders.
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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