Everence Capital Management Inc. purchased a new stake in shares of Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,410 shares of the oil and gas development company’s stock, valued at approximately $291,000.
Several other large investors have also bought and sold shares of APC. Clean Yield Group acquired a new stake in Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. raised its stake in 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 stake in 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 stake in 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 stake in 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. Institutional investors and hedge funds own 84.40% of the company’s stock.
Shares of Anadarko Petroleum Corporation (APC) opened at 42.27 on Wednesday. The stock has a 50 day moving average of $44.20 and a 200 day moving average of $54.11. Anadarko Petroleum Corporation has a 12-month low of $41.22 and a 12-month high of $73.33. The stock’s market capitalization is $23.69 billion.
Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the business earned ($0.60) earnings per share. Anadarko Petroleum Corporation’s quarterly revenue was up 41.8% on a year-over-year basis. Equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.12) EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.47%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is presently -5.14%.
Several equities research analysts have recently commented on the stock. UBS AG restated a “buy” rating and issued a $80.00 price target on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. Royal Bank Of Canada set a $78.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. BidaskClub lowered shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Scotiabank set a $64.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a report on Thursday, July 27th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Anadarko Petroleum Corporation has an average rating of “Buy” and an average price target of $69.73.
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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