Daiwa Securities Group Inc. Raises Position in Anadarko Petroleum Corporation (NYSE:APC)

Daiwa Securities Group Inc. boosted its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 3.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,200 shares of the oil and gas development company’s stock after buying an additional 600 shares during the period. Daiwa Securities Group Inc.’s holdings in Anadarko Petroleum Corporation were worth $735,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Guardian Life Insurance Co. of America increased 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 during the last quarter. Klingenstein Fields & Co. LLC increased its stake in 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 valued at $238,000 after buying an additional 40 shares in the last quarter. Honkamp Krueger Financial Services Inc. increased its stake in 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 valued at $842,000 after buying an additional 51 shares in the last quarter. Albert D Mason Inc. increased its stake in 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 valued at $842,000 after buying an additional 65 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in 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 valued at $437,000 after buying an additional 78 shares in the last quarter. 84.56% of the stock is owned by institutional investors and hedge funds.

Shares of Anadarko Petroleum Corporation (APC) opened at 43.54 on Friday. The firm’s 50-day moving average price is $44.60 and its 200-day moving average price is $55.50. The firm’s market cap is $24.40 billion. Anadarko Petroleum Corporation has a one year low of $42.58 and a one year high of $73.33.

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 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 firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm posted ($0.60) earnings per share. The company’s revenue for the quarter was up 41.8% on a year-over-year basis. Equities research analysts expect that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.

The business also recently declared 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 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.

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Several analysts have commented on the company. UBS AG reaffirmed a “buy” rating and set a $80.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Monday, May 15th. Royal Bank Of Canada set a $78.00 price objective on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Saturday, June 17th. Mitsubishi UFJ Financial Group raised Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective for the company in a research note on Thursday, July 27th. Morgan Stanley downgraded 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 note on Wednesday, May 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research note on Friday, April 28th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $69.81.

In related news, Director Peter J. Fluor purchased 20,000 shares of the stock in a transaction dated Wednesday, May 17th. The shares were acquired at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the acquisition, the director now directly owns 146,750 shares in the company, valued at approximately $7,606,052.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony R. Chase purchased 1,905 shares of the stock in a transaction dated Thursday, May 18th. The shares were bought at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the acquisition, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 41,205 shares of company stock worth $2,136,700. 0.45% of the stock is currently owned by corporate insiders.

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.

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

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