Tower Research Capital LLC TRC grew its position in Anadarko Petroleum Corporation (NYSE:APC) by 122.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,802 shares of the oil and gas development company’s stock after purchasing an additional 10,359 shares during the period. Tower Research Capital LLC TRC’s holdings in Anadarko Petroleum Corporation were worth $852,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Caxton Associates LP acquired a new position in shares of Anadarko Petroleum Corporation in the second quarter valued at about $13,088,000. Cubist Systematic Strategies LLC increased its holdings in shares of Anadarko Petroleum Corporation by 9.1% in the second quarter. Cubist Systematic Strategies LLC now owns 45,137 shares of the oil and gas development company’s stock valued at $2,047,000 after purchasing an additional 3,778 shares during the period. Sciencast Management LP grew its holdings in Anadarko Petroleum Corporation by 204.9% during the second quarter. Sciencast Management LP now owns 13,643 shares of the oil and gas development company’s stock worth $619,000 after acquiring an additional 9,168 shares during the period. Tyrus Capital S.A.M. acquired a new stake in Anadarko Petroleum Corporation during the second quarter worth about $2,786,000. Finally, BlueCrest Capital Management Ltd grew its holdings in Anadarko Petroleum Corporation by 216.6% during the second quarter. BlueCrest Capital Management Ltd now owns 58,860 shares of the oil and gas development company’s stock worth $2,669,000 after acquiring an additional 40,269 shares during the period. 85.01% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Anadarko Petroleum Corporation (NYSE APC) traded down 0.76% during mid-day trading on Wednesday, reaching $48.53. The company’s stock had a trading volume of 2,036,940 shares. The firm has a 50-day moving average of $45.53 and a 200-day moving average of $48.78. The firm’s market capitalization is $27.19 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 data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted ($0.60) EPS. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.06) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.41%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.
Anadarko Petroleum Corporation declared that its board has initiated a stock repurchase program on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Several research firms recently commented on APC. Zacks Investment Research lowered Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Susquehanna Bancshares Inc started coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They set a “positive” rating and a $60.00 target price on the stock. Citigroup Inc. dropped their price objective on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Morgan Stanley set a $55.00 price objective on Anadarko Petroleum Corporation and gave the company a “hold” rating in a report on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $78.00 price objective (down from $80.00) on shares of Anadarko Petroleum Corporation in a report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $67.48.
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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