Cigna Investments Inc. New Boosts Stake in Anadarko Petroleum Corporation (NYSE:APC)

Cigna Investments Inc. New boosted its stake in Anadarko Petroleum Corporation (NYSE:APC) by 9.8% during the second quarter, Holdings Channel reports. The firm owned 25,343 shares of the oil and gas development company’s stock after buying an additional 2,261 shares during the period. Cigna Investments Inc. New’s holdings in Anadarko Petroleum Corporation were worth $1,149,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Guardian Life Insurance Co. of America raised its stake 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 worth $134,000 after buying an additional 15 shares during the period. Klingenstein Fields & Co. LLC raised its stake in shares of Anadarko Petroleum Corporation by 0.8% in the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock worth $238,000 after buying an additional 40 shares during the period. Honkamp Krueger Financial Services Inc. raised its stake in shares of Anadarko Petroleum Corporation by 0.4% in the first quarter. Honkamp Krueger Financial Services Inc. now owns 13,586 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 51 shares during the period. Albert D Mason Inc. raised its stake in shares of Anadarko Petroleum Corporation by 0.5% in the first quarter. Albert D Mason Inc. now owns 13,576 shares of the oil and gas development company’s stock worth $842,000 after buying an additional 65 shares during the period. Finally, IFP Advisors Inc raised its stake in shares of Anadarko Petroleum Corporation by 1.1% in the first quarter. IFP Advisors Inc now owns 7,043 shares of the oil and gas development company’s stock worth $437,000 after buying an additional 78 shares during the period. 84.56% of the stock is owned by hedge funds and other institutional investors.

Anadarko Petroleum Corporation (NYSE:APC) opened at 43.70 on Friday. The firm’s market cap is $24.49 billion. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33. The firm has a 50-day moving average price of $44.64 and a 200-day moving average price of $55.69.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) 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 firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm earned ($0.60) EPS. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities analysts expect that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is currently -5.14%.

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A number of analysts recently commented on APC shares. Bank of America Corporation reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Thursday, May 11th. Citigroup Inc. started coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They issued a “positive” rating and a $60.00 price objective for the company. They noted that the move was a valuation call. Morgan Stanley lowered Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price objective for the company. in a research report on Wednesday, May 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $79.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Wells Fargo & Company lowered Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.81.

In other news, Director Anthony R. Chase purchased 1,905 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was purchased at an average price of $52.48 per share, with a total value of $99,974.40. Following the completion of the purchase, the director now directly owns 23,636 shares in the company, valued at approximately $1,240,417.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman R A. Walker purchased 19,300 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were purchased at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the purchase, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 41,205 shares of company stock valued at $2,136,700. Corporate insiders own 0.45% of the company’s stock.

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

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