Flinton Capital Management LLC raised its holdings in Anadarko Petroleum Corporation (NYSE:APC) by 20.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,442 shares of the oil and gas development company’s stock after purchasing an additional 2,924 shares during the period. Flinton Capital Management LLC’s holdings in Anadarko Petroleum Corporation were worth $791,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Guardian Life Insurance Co. of America boosted its stake 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 acquiring an additional 15 shares during the last quarter. FNY Partners Fund LP boosted its stake in shares of Anadarko Petroleum Corporation by 2,900.0% in the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after acquiring an additional 2,900 shares during the last quarter. Sun Life Financial INC boosted its stake in Anadarko Petroleum Corporation by 1,363.4% during the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after buying an additional 2,795 shares during the last quarter. YorkBridge Wealth Partners LLC boosted its stake in Anadarko Petroleum Corporation by 12.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after buying an additional 402 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Anadarko Petroleum Corporation by 33.9% during the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock worth $167,000 after buying an additional 680 shares during the last quarter. 85.01% of the stock is currently owned by institutional investors.
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A number of equities analysts have weighed in on APC shares. Stifel Nicolaus reissued a “buy” rating on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 3rd. Citigroup Inc. assumed coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They issued a “positive” rating and a $60.00 target price on the stock. They noted that the move was a valuation call. Jefferies Group LLC set a $62.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Monday, August 28th. BMO Capital Markets restated a “hold” rating and issued a $53.00 target price on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Finally, BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the stock. Anadarko Petroleum Corporation presently has a consensus rating of “Buy” and a consensus target price of $67.48.
Anadarko Petroleum Corporation (NYSE APC) remained flat at $48.90 during trading on Wednesday. 264,059 shares of the company were exchanged. The company’s 50-day moving average price is $45.53 and its 200-day moving average price is $48.78. The firm’s market cap is $27.40 billion. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.42). The business had revenue of $2.72 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 41.8% on a year-over-year basis. During the same period last year, the company earned ($0.60) EPS. On average, equities research analysts expect that Anadarko Petroleum Corporation will post ($2.06) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.05 per share. The ex-dividend date was Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio is -5.14%.
Anadarko Petroleum Corporation announced that its Board of Directors has authorized a stock buyback program on Wednesday, September 20th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
Anadarko Petroleum Corporation Company 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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