Westport Asset Management Inc. Has $1.25 Million Stake in Anadarko Petroleum Corporation (APC)

Westport Asset Management Inc. boosted its position in Anadarko Petroleum Corporation (NYSE:APC) by 22.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,652 shares of the oil and gas development company’s stock after buying an additional 5,000 shares during the period. Anadarko Petroleum Corporation makes up 1.1% of Westport Asset Management Inc.’s portfolio, making the stock its 24th largest position. Westport Asset Management Inc.’s holdings in Anadarko Petroleum Corporation were worth $1,254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of APC. Clean Yield Group purchased a new position in shares of Anadarko Petroleum Corporation during the first quarter worth $105,000. Assetmark Inc. increased its position in shares of 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 worth $113,000 after buying an additional 176 shares during the period. Guardian Life Insurance Co. of America increased its position 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. Winch Advisory Services LLC increased its position in shares of 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 worth $126,000 after buying an additional 1,807 shares during the period. Finally, Financial Architects Inc increased its position in shares of 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 worth $142,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.

Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at 41.72 on Friday. Anadarko Petroleum Corporation has a 1-year low of $41.64 and a 1-year high of $73.33. The stock has a 50 day moving average of $44.38 and a 200 day moving average of $54.70. The stock’s market cap is $23.38 billion.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The business’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.60) earnings per share. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.09) EPS for the current year.

The company 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. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.48%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.

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A number of research analysts have weighed in on the stock. UBS AG reiterated a “buy” rating and issued a $80.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Monday, May 15th. BidaskClub downgraded shares of Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday. Royal Bank Of Canada set a $78.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Scotiabank set a $64.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research 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 objective for the company in a research report on Thursday, July 27th. Four investment analysts have rated the stock with a sell rating, seven have assigned 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 has a consensus 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.

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

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