Mountain Capital Investment Advisors Inc raised its position in Anadarko Petroleum Corporation (NYSE:APC) by 357.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,178 shares of the oil and gas development company’s stock after purchasing an additional 3,265 shares during the period. Mountain Capital Investment Advisors Inc’s holdings in Anadarko Petroleum Corporation were worth $204,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Amalgamated Bank grew its position in Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock valued at $2,151,000 after acquiring an additional 2,829 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Anadarko Petroleum Corporation by 8.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,975,465 shares of the oil and gas development company’s stock worth $122,479,000 after purchasing an additional 146,863 shares during the last quarter. Bronson Point Management LLC bought a new position in Anadarko Petroleum Corporation during the first quarter worth $10,230,000. Edmond DE Rothschild Holding S.A. lifted its stake in Anadarko Petroleum Corporation by 2.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 837,600 shares of the oil and gas development company’s stock worth $51,931,000 after purchasing an additional 23,600 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new stake in Anadarko Petroleum Corporation in the first quarter valued at $4,417,000. Institutional investors and hedge funds own 87.74% of the company’s stock.
APC has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Anadarko Petroleum Corporation from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, September 29th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $48.00 target price (down previously from $55.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, July 22nd. BidaskClub cut Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Scotiabank set a $64.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research note on Friday, August 11th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.35.
Anadarko Petroleum Corporation (APC) traded up $0.63 during trading hours on Monday, hitting $50.14. The company had a trading volume of 873,821 shares, compared to its average volume of 5,611,078. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11.
Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. During the same period last year, the company posted ($0.89) earnings per share. The business’s revenue for the quarter was up 31.9% on a year-over-year basis. analysts anticipate that Anadarko Petroleum Corporation will post -2.21 EPS for the current year.
Anadarko Petroleum Corporation declared that its Board of Directors has initiated a stock buyback plan on Wednesday, September 20th that allows the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization allows the oil and gas development company to buy up to 10% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
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Anadarko Petroleum Corporation 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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