Skandinaviska Enskilda Banken AB publ purchased a new position in Anadarko Petroleum Corporation (NYSE:APC) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 38,855 shares of the oil and gas development company’s stock, valued at approximately $2,409,000.
A number of other hedge funds have also modified their holdings of APC. BlackRock Inc. increased its position 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 period. Dodge & Cox acquired a new position in shares of Anadarko Petroleum Corporation during the fourth quarter worth about $1,596,608,000. JPMorgan Chase & Co. increased its position 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 period. Renaissance Technologies LLC acquired a new position in shares of Anadarko Petroleum Corporation during the first quarter worth about $116,982,000. Finally, UBS Asset Management Americas Inc. increased its position in shares of Anadarko Petroleum Corporation by 109.2% in the first quarter. UBS Asset Management Americas Inc. now owns 2,891,266 shares of the oil and gas development company’s stock worth $179,258,000 after buying an additional 1,509,047 shares during the period. Institutional investors own 84.56% of the company’s stock.
Anadarko Petroleum Corporation (APC) traded down 0.41% during mid-day trading on Friday, hitting $43.52. The company had a trading volume of 3,191,752 shares. The company’s 50 day moving average price is $44.64 and its 200-day moving average price is $55.69. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33. The company’s market cap is $24.39 billion.
Anadarko Petroleum Corporation (NYSE:APC) last issued 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 analysts’ consensus estimates 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 quarter in the prior year, the firm earned ($0.60) EPS. The company’s revenue was up 41.8% on a year-over-year basis. Equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year.
The company 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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. 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 weighed in on APC shares. UBS AG reissued a “buy” rating and issued a $80.00 price objective on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. BidaskClub raised Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, August 4th. Royal Bank Of Canada set a $78.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. Mitsubishi UFJ Financial Group upgraded Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Thursday, July 27th. Finally, Bank of America Corporation cut their price target on Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, July 25th. Four equities 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 stock. The stock currently has a consensus rating of “Buy” and an average target price of $69.81.
In other Anadarko Petroleum Corporation news, Chairman R A. Walker purchased 19,300 shares of the company’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average cost of $51.82 per share, for a total transaction of $1,000,126.00. Following the completion of the transaction, the chairman now owns 176,718 shares in the company, valued at $9,157,526.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony R. Chase purchased 1,905 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average price of $52.48 per share, with a total value of $99,974.40. Following the completion of the transaction, the director now owns 23,636 shares of the company’s stock, valued at approximately $1,240,417.28. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 41,205 shares of company stock valued at $2,136,700. Corporate 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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