Anadarko Petroleum Corp. (APC) Shares Sold by Sarasin & Partners LLP
Sarasin & Partners LLP cut its stake in shares of Anadarko Petroleum Corp. (NYSE:APC) by 7.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,251,023 shares of the oil and gas development company’s stock after selling 97,689 shares during the period. Sarasin & Partners LLP owned approximately 0.25% of Anadarko Petroleum Corp. worth $79,265,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Kanaly Trust Co boosted its position in Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 614 shares in the last quarter. Financial Architects Inc boosted its position in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock valued at $107,000 after buying an additional 950 shares in the last quarter. Security National Trust Co. boosted its position in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock valued at $114,000 after buying an additional 100 shares in the last quarter. Stelac Advisory Services LLC purchased a new position in Anadarko Petroleum Corp. during the second quarter valued at about $117,000. Finally, Signaturefd LLC boosted its position in Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock valued at $122,000 after buying an additional 226 shares in the last quarter. Institutional investors own 85.93% of the company’s stock.
Shares of Anadarko Petroleum Corp. (NYSE:APC) opened at 60.16 on Wednesday. The company’s market capitalization is $33.62 billion. The company has a 50-day moving average of $62.09 and a 200 day moving average of $56.77. Anadarko Petroleum Corp. has a 12 month low of $28.16 and a 12 month high of $65.47.
Anadarko Petroleum Corp. (NYSE:APC) last issued its quarterly earnings data on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. The firm earned $1.89 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the firm posted ($0.72) earnings per share. Anadarko Petroleum Corp.’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts forecast that Anadarko Petroleum Corp. will post ($3.05) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Monday, December 12th. Anadarko Petroleum Corp.’s payout ratio is -2.68%.
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Several research analysts recently issued reports on APC shares. Bank of America Corp. reissued a “buy” rating and set a $95.00 price target on shares of Anadarko Petroleum Corp. in a report on Tuesday, September 13th. Johnson Rice raised shares of Anadarko Petroleum Corp. from an “accumulate” rating to a “buy” rating in a report on Tuesday, September 13th. Citigroup Inc. increased their price target on shares of Anadarko Petroleum Corp. from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday, September 13th. Jefferies Group reissued a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, August 11th. Finally, JPMorgan Chase & Co. set a $70.00 price target on shares of Anadarko Petroleum Corp. and gave the stock a “buy” rating in a report on Saturday, September 17th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $68.48.
Anadarko Petroleum Corp. Company Profile
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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