Anadarko Petroleum Corporation (APC) Position Maintained by Smithfield Trust Co.

Smithfield Trust Co. maintained its stake in Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 3,400 shares of the oil and gas development company’s stock at the end of the second quarter. Smithfield Trust Co.’s holdings in Anadarko Petroleum Corporation were worth $155,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in APC. CWM LLC raised its stake in Anadarko Petroleum Corporation by 7.3% in the first quarter. CWM LLC now owns 20,194 shares of the oil and gas development company’s stock valued at $1,252,000 after buying an additional 1,378 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Anadarko Petroleum Corporation during the first quarter worth about $924,000. Merriman Wealth Management LLC raised its stake in shares of Anadarko Petroleum Corporation by 1.4% in the first quarter. Merriman Wealth Management LLC now owns 39,606 shares of the oil and gas development company’s stock worth $2,456,000 after buying an additional 549 shares during the period. Atria Investments LLC raised its stake in shares of Anadarko Petroleum Corporation by 13.6% in the first quarter. Atria Investments LLC now owns 7,918 shares of the oil and gas development company’s stock worth $491,000 after buying an additional 946 shares during the period. Finally, North American Management Corp raised its stake in shares of Anadarko Petroleum Corporation by 2.4% in the first quarter. North American Management Corp now owns 10,070 shares of the oil and gas development company’s stock worth $624,000 after buying an additional 235 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.

Anadarko Petroleum Corporation (NYSE APC) traded up 1.08% during mid-day trading on Friday, hitting $42.17. 5,240,568 shares of the company were exchanged. The stock’s market cap is $23.63 billion. Anadarko Petroleum Corporation has a 12-month low of $41.22 and a 12-month high of $73.33. The company has a 50 day moving average of $44.29 and a 200 day moving average of $54.51.

Anadarko Petroleum Corporation (NYSE:APC) last issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share 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 analyst estimates of $2.50 billion. During the same period in the previous year, the company earned ($0.60) earnings per share. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, equities research analysts expect that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

TRADEMARK VIOLATION WARNING: “Anadarko Petroleum Corporation (APC) Position Maintained by Smithfield Trust Co.” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/08/19/smithfield-trust-co-maintains-position-in-anadarko-petroleum-corporation-apc-updated.html.

A number of equities analysts have weighed in on the stock. Citigroup Inc. decreased their price target on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and issued a $81.00 price target (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a report on Friday, May 12th. Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, June 6th. Barclays PLC downgraded shares of Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $52.00 to $42.00 in a research note on Wednesday, June 14th. Finally, BidaskClub raised shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 4th. Four investment 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 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)

What are top analysts saying about Anadarko Petroleum Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Anadarko Petroleum Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit