Anadarko Petroleum Corporation (APC) Shares Bought by Candriam Luxembourg S.C.A.

Candriam Luxembourg S.C.A. raised its holdings in Anadarko Petroleum Corporation (NYSE:APC) by 2.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 133,428 shares of the energy producer’s stock after acquiring an additional 2,619 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Anadarko Petroleum Corporation were worth $6,518,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. lifted its holdings in Anadarko Petroleum Corporation by 8.2% in the 2nd quarter. BlackRock Inc. now owns 45,766,435 shares of the energy producer’s stock valued at $2,075,051,000 after acquiring an additional 3,466,161 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Anadarko Petroleum Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 39,870,873 shares of the energy producer’s stock valued at $1,807,745,000 after acquiring an additional 999,933 shares during the last quarter. Dodge & Cox lifted its holdings in Anadarko Petroleum Corporation by 43.7% in the 2nd quarter. Dodge & Cox now owns 32,794,208 shares of the energy producer’s stock valued at $1,486,889,000 after acquiring an additional 9,965,600 shares during the last quarter. State Street Corp lifted its holdings in Anadarko Petroleum Corporation by 0.8% in the 2nd quarter. State Street Corp now owns 28,641,263 shares of the energy producer’s stock valued at $1,298,599,000 after acquiring an additional 218,628 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in Anadarko Petroleum Corporation by 106.6% in the 2nd quarter. Franklin Resources Inc. now owns 14,394,958 shares of the energy producer’s stock valued at $652,661,000 after acquiring an additional 7,428,741 shares during the last quarter. 87.41% of the stock is owned by institutional investors.

Several analysts have issued reports on APC shares. Cowen and Company set a $60.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Royal Bank Of Canada restated a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a report on Thursday, July 20th. Citigroup Inc. cut their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Wells Fargo & Company restated a “market perform” rating and set a $48.00 price objective (down previously from $55.00) on shares of Anadarko Petroleum Corporation in a report on Saturday, July 22nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $78.00 price objective (down previously from $80.00) on shares of Anadarko Petroleum Corporation in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of C$66.77.

TRADEMARK VIOLATION NOTICE: This article was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this article on another publication, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The correct version of this article can be accessed at https://stocknewstimes.com/2017/11/13/anadarko-petroleum-corporation-apc-shares-bought-by-candriam-luxembourg-s-c-a.html.

Anadarko Petroleum Corporation (NYSE:APC) traded up C$0.28 on Monday, hitting C$51.39. The stock had a trading volume of 940,565 shares, compared to its average volume of 4,967,705. Anadarko Petroleum Corporation has a 12 month low of C$39.96 and a 12 month high of C$73.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03.

Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Tuesday, October 31st. The energy producer reported C($0.77) earnings per share for the quarter, missing the consensus estimate of C($0.56) by C($0.21). Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business had revenue of C$2.50 billion during the quarter, compared to the consensus estimate of C$2.52 billion. During the same period in the prior year, the company posted ($0.89) earnings per share. The firm’s revenue was up 31.9% compared to the same quarter last year. sell-side analysts predict that Anadarko Petroleum Corporation will post -2.23 EPS for the current year.

Anadarko Petroleum Corporation announced that its board has authorized a stock repurchase plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in shares. This repurchase authorization allows the energy producer to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.

Institutional Ownership by Quarter for Anadarko Petroleum Corporation (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply