Global X Management Co. LLC raised its stake in Anadarko Petroleum Corporation (NYSE:APC) by 27.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,326 shares of the oil and gas development company’s stock after buying an additional 718 shares during the period. Global X Management Co. LLC’s holdings in Anadarko Petroleum Corporation were worth $206,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Clean Yield Group purchased a new stake in Anadarko Petroleum Corporation during the first quarter valued at $105,000. Assetmark Inc. increased its stake in 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 valued at $113,000 after buying an additional 176 shares during the last quarter. Ancora Advisors LLC purchased a new stake in Anadarko Petroleum Corporation during the fourth quarter valued at $126,000. Winch Advisory Services LLC increased its stake in 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 valued at $126,000 after buying an additional 1,807 shares during the last quarter. Finally, Financial Architects Inc increased its stake in 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 valued at $142,000 after buying an additional 550 shares during the last quarter. 85.18% of the stock is owned by institutional investors and hedge funds.
Shares of Anadarko Petroleum Corporation (NYSE:APC) traded down 2.11% during midday trading on Friday, reaching $46.32. The company’s stock had a trading volume of 5,827,119 shares. The stock’s market capitalization is $25.96 billion. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33. The stock’s 50 day moving average is $45.33 and its 200 day moving average is $57.28.
Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ 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 the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned ($0.60) EPS. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, analysts forecast that Anadarko Petroleum Corporation will post ($1.91) EPS for the current fiscal year.
Several analysts have recently weighed in on APC shares. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price (down from $81.00) on shares of Anadarko Petroleum Corporation in a report on Friday, May 19th. Scotiabank set a $76.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Tuesday, May 16th. UBS AG reissued a “buy” rating and issued a $80.00 target price on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. Bank of America Corporation reissued a “buy” rating on shares of Anadarko Petroleum Corporation in a report on Thursday, May 11th. Finally, KLR Group boosted their target price on Anadarko Petroleum Corporation from $82.00 to $86.00 and gave the company a “buy” rating in a report on Thursday, May 4th. 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 given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $69.81.
In other Anadarko Petroleum Corporation news, Director Anthony R. Chase purchased 1,905 shares of the firm’s stock in a transaction on Thursday, May 18th. The shares were purchased at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the transaction, the director now owns 23,636 shares in the company, valued at approximately $1,240,417.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman R A. Walker purchased 19,300 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was acquired at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the transaction, the chairman now owns 176,718 shares of the company’s stock, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 41,205 shares of company stock worth $2,136,700. 0.45% of the stock is currently owned by company insiders.
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.
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