Commerce Bank Has $1,768,000 Stake in Anadarko Petroleum Corp. (APC)
Commerce Bank lowered its position in Anadarko Petroleum Corp. (NYSE:APC) by 13.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,916 shares of the oil and gas development company’s stock after selling 4,163 shares during the period. Commerce Bank’s holdings in Anadarko Petroleum Corp. were worth $1,768,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in APC. Dodge & Cox raised its stake in Anadarko Petroleum Corp. by 109,259.7% in the second quarter. Dodge & Cox now owns 9,212,463 shares of the oil and gas development company’s stock worth $490,564,000 after buying an additional 9,204,039 shares in the last quarter. Carmignac Gestion raised its stake in Anadarko Petroleum Corp. by 12.0% in the second quarter. Carmignac Gestion now owns 13,619,742 shares of the oil and gas development company’s stock worth $725,251,000 after buying an additional 1,458,674 shares in the last quarter. Bessemer Group Inc. raised its stake in Anadarko Petroleum Corp. by 63,117.7% in the second quarter. Bessemer Group Inc. now owns 1,063,322 shares of the oil and gas development company’s stock worth $56,622,000 after buying an additional 1,061,640 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Anadarko Petroleum Corp. during the second quarter worth approximately $50,924,000. Finally, FMR LLC raised its stake in Anadarko Petroleum Corp. by 3.2% in the second quarter. FMR LLC now owns 26,232,093 shares of the oil and gas development company’s stock worth $1,396,859,000 after buying an additional 819,854 shares in the last quarter. 85.93% of the stock is owned by hedge funds and other institutional investors.
Shares of Anadarko Petroleum Corp. (NYSE:APC) traded down 2.75% during mid-day trading on Monday, hitting $62.00. 4,091,864 shares of the stock were exchanged. Anadarko Petroleum Corp. has a 52 week low of $28.16 and a 52 week high of $65.47. The stock’s 50-day moving average is $62.09 and its 200-day moving average is $56.77. The stock’s market capitalization is $34.65 billion.
Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative net margin of 50.51% and a negative return on equity of 10.73%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the previous year, the business earned ($0.72) earnings per share. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. Analysts forecast that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date is Monday, December 12th. Anadarko Petroleum Corp.’s payout ratio is currently -2.68%.
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A number of analysts have commented on APC shares. Johnson Rice raised shares of Anadarko Petroleum Corp. from an “accumulate” rating to a “buy” rating in a report on Tuesday, September 13th. Zacks Investment Research cut shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Credit Suisse Group AG reissued a “hold” rating and set a $68.00 price target on shares of Anadarko Petroleum Corp. in a research report on Monday, September 12th. Guggenheim raised shares of Anadarko Petroleum Corp. from a “neutral” rating to a “buy” rating and set a $80.00 price target on the stock in a research report on Friday, November 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $68.48.
About Anadarko Petroleum Corp.
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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