Supplemental Annuity Collective Trust of NJ continued to hold its position in shares of Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,000 shares of the oil and gas development company’s stock at the end of the second quarter. Supplemental Annuity Collective Trust of NJ’s holdings in Anadarko Petroleum Corporation were worth $272,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clean Yield Group purchased a new position in shares of Anadarko Petroleum Corporation during the first quarter valued at about $105,000. Assetmark Inc. raised its position in shares of Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares in the last quarter. 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 valued at $134,000 after buying an additional 15 shares in the last quarter. Winch Advisory Services LLC raised its position in shares of Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares in the last quarter. Finally, Financial Architects Inc raised its position in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares in the last quarter. 84.70% of the stock is owned by hedge funds and other institutional investors.
Anadarko Petroleum Corporation (NYSE APC) opened at 44.89 on Friday. The stock’s market capitalization is $25.15 billion. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33. The company’s 50-day moving average price is $45.16 and its 200 day moving average price is $56.70.
Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS 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 during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company posted ($0.60) earnings per share. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities research analysts predict that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.45%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is -5.14%.
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Several brokerages have recently issued reports on APC. UBS AG reissued a “buy” rating and issued a $80.00 target price on shares of Anadarko Petroleum Corporation in a research report on Monday, May 15th. BidaskClub lowered Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Mitsubishi UFJ Financial Group raised Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a research report on Thursday, July 27th. Royal Bank Of Canada set a $78.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Finally, Bank of America Corporation decreased their target price on Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating for the company in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.81.
In other Anadarko Petroleum Corporation news, Chairman R A. Walker purchased 19,300 shares of the stock in a transaction on Wednesday, May 17th. The shares were bought at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the acquisition, the chairman now owns 176,718 shares in the company, valued at $9,157,526.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Peter J. Fluor purchased 20,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was acquired at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the completion of the acquisition, the director now owns 146,750 shares of the company’s stock, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 41,205 shares of company stock worth $2,136,700. 0.45% of the stock is owned by corporate insiders.
About Anadarko Petroleum Corporation
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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