Alliancebernstein L.P. raised its holdings in Anadarko Petroleum Corporation (NYSE:APC) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,076,897 shares of the oil and gas development company’s stock after acquiring an additional 1,226 shares during the period. Alliancebernstein L.P. owned approximately 0.19% of Anadarko Petroleum Corporation worth $48,827,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in APC. FUKOKU MUTUAL LIFE INSURANCE Co raised its holdings in Anadarko Petroleum Corporation by 50.5% in the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,980 shares of the oil and gas development company’s stock valued at $185,000 after acquiring an additional 1,000 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in Anadarko Petroleum Corporation in the 1st quarter valued at about $338,000. Markston International LLC raised its holdings in Anadarko Petroleum Corporation by 1.0% in the 1st quarter. Markston International LLC now owns 73,229 shares of the oil and gas development company’s stock valued at $4,540,000 after acquiring an additional 750 shares during the last quarter. TIAA CREF Trust Co. FSB MO raised its holdings in Anadarko Petroleum Corporation by 30.7% in the 1st quarter. TIAA CREF Trust Co. FSB MO now owns 22,657 shares of the oil and gas development company’s stock valued at $1,404,000 after acquiring an additional 5,319 shares during the last quarter. Finally, Henderson Group PLC raised its holdings in Anadarko Petroleum Corporation by 1.5% in the 1st quarter. Henderson Group PLC now owns 75,142 shares of the oil and gas development company’s stock valued at $4,660,000 after acquiring an additional 1,100 shares during the last quarter. Institutional investors own 85.08% of the company’s stock.
APC has been the subject of a number of recent research reports. Jefferies Group LLC set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Monday, August 28th. Citigroup Inc. cut their price objective on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a report on Friday, July 21st. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price objective on shares of Anadarko Petroleum Corporation in a report on Monday, September 4th. Royal Bank Of Canada set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Thursday, August 24th. Finally, Stifel Nicolaus reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a report on Sunday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $70.12.
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Shares of Anadarko Petroleum Corporation (APC) opened at 43.55 on Friday. Anadarko Petroleum Corporation has a 52 week low of $39.96 and a 52 week high of $73.33. The company’s 50-day moving average is $42.85 and its 200 day moving average is $51.03. The firm’s market capitalization is $24.40 billion.
Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned ($0.60) earnings per share. The company’s revenue was up 41.8% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum Corporation will post ($2.12) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid 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 yield of 0.46%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.
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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