Boston Financial Mangement LLC reduced its stake in Anadarko Petroleum Corporation (NYSE:APC) by 14.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,226 shares of the oil and gas development company’s stock after selling 3,338 shares during the period. Boston Financial Mangement LLC’s holdings in Anadarko Petroleum Corporation were worth $917,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in APC. BlackRock Inc. increased its stake in shares of Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Anadarko Petroleum Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company’s stock worth $2,409,998,000 after buying an additional 1,227,182 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Anadarko Petroleum Corporation by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 7,210,248 shares of the oil and gas development company’s stock worth $447,035,000 after buying an additional 128,487 shares during the last quarter. Finally, Harris Associates L P increased its stake in shares of Anadarko Petroleum Corporation by 1.2% in the first quarter. Harris Associates L P now owns 6,592,778 shares of the oil and gas development company’s stock worth $408,752,000 after buying an additional 78,783 shares during the last quarter. 84.56% of the stock is currently owned by institutional investors.
Shares of Anadarko Petroleum Corporation (NYSE:APC) traded down 0.82% during mid-day trading on Friday, reaching $43.34. The company had a trading volume of 1,412,514 shares. Anadarko Petroleum Corporation has a 52-week low of $42.58 and a 52-week high of $73.33. The stock’s market capitalization is $24.29 billion. The company’s 50-day moving average is $44.64 and its 200 day moving average is $55.69.
Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company 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 firm posted ($0.60) EPS. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.
A number of brokerages have recently commented on APC. Barclays PLC restated an “equal weight” rating and issued a $57.00 target price (down previously from $59.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, April 22nd. Royal Bank Of Canada set a $84.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, April 20th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, April 28th. Stifel Nicolaus reissued a “buy” rating and set a $77.00 target price (up previously from $75.00) on shares of Anadarko Petroleum Corporation in a research note on Wednesday, May 3rd. Finally, Morgan Stanley cut Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 target price for the company. in a research note on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $69.81.
In other Anadarko Petroleum Corporation news, Director Anthony R. Chase bought 1,905 shares of the firm’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the transaction, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter J. Fluor purchased 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, for a total transaction of $1,036,600.00. Following the completion of the transaction, the director now owns 146,750 shares of the company’s stock, valued at $7,606,052.50. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 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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