Hennessy Advisors Inc. purchased a new stake in shares of Anadarko Petroleum Corp. (NYSE:APC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 130,600 shares of the oil and gas development company’s stock, valued at approximately $8,275,000.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning boosted its position in shares of Anadarko Petroleum Corp. by 55.7% in the second quarter. Creative Planning now owns 58,885 shares of the oil and gas development company’s stock worth $3,136,000 after buying an additional 21,056 shares during the last quarter. Atria Investments LLC bought a new position in shares of Anadarko Petroleum Corp. during the second quarter worth about $211,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of Anadarko Petroleum Corp. by 4.8% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 7,363 shares of the oil and gas development company’s stock worth $392,000 after buying an additional 338 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Anadarko Petroleum Corp. by 428.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 8,634 shares of the oil and gas development company’s stock worth $460,000 after buying an additional 7,000 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in shares of Anadarko Petroleum Corp. by 1.7% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 438,011 shares of the oil and gas development company’s stock worth $23,324,000 after buying an additional 7,423 shares during the last quarter. Institutional investors own 85.93% of the company’s stock.

Institutional Ownership by Quarter for Anadarko Petroleum Corp. (NYSE:APC)

Anadarko Petroleum Corp. (NYSE:APC) traded up 13.688% on Wednesday, reaching $68.395. The company’s stock had a trading volume of 10,371,525 shares. Anadarko Petroleum Corp. has a 52 week low of $28.16 and a 52 week high of $69.08. The company has a 50 day moving average of $62.09 and a 200 day moving average of $56.77. The firm’s market capitalization is $38.23 billion.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings data on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company earned $1.89 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the company earned ($0.72) EPS. The business’s revenue was up 12.1% on a year-over-year basis. On average, analysts forecast that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 12th. This represents a $0.20 annualized dividend and a yield of 0.33%. Anadarko Petroleum Corp.’s dividend payout ratio is presently -2.68%.

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A number of research analysts have issued reports on the company. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, October 6th. Deutsche Bank AG upgraded Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $77.00 in a research note on Thursday, October 13th. Barclays PLC boosted their price target on Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 4th. Guggenheim upgraded Anadarko Petroleum Corp. from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Friday, November 11th. Finally, Wells Fargo & Co. set a $70.00 price target on Anadarko Petroleum Corp. and gave the stock a “buy” rating in a research note on Friday, September 23rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average 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.

5 Day Chart for NYSE:APC

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