Gendell Jeffrey L held its position in Anadarko Petroleum Corporation (NYSE:APC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the oil and gas development company’s stock at the end of the first quarter. Gendell Jeffrey L’s holdings in Anadarko Petroleum Corporation were worth $1,240,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Amalgamated Bank raised its position in Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock valued at $2,151,000 after buying an additional 2,829 shares during the last quarter. KCG Holdings Inc. raised its position in Anadarko Petroleum Corporation by 123.7% in the first quarter. KCG Holdings Inc. now owns 81,647 shares of the oil and gas development company’s stock valued at $5,062,000 after buying an additional 45,143 shares during the last quarter. King Luther Capital Management Corp raised its position in Anadarko Petroleum Corporation by 7.1% in the first quarter. King Luther Capital Management Corp now owns 153,147 shares of the oil and gas development company’s stock valued at $9,495,000 after buying an additional 10,090 shares during the last quarter. BlackRock Inc. raised its position in Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock valued at $2,622,619,000 after buying an additional 40,958,268 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position in Anadarko Petroleum Corporation by 1.9% in the first quarter. New York State Teachers Retirement System now owns 874,825 shares of the oil and gas development company’s stock valued at $54,239,000 after buying an additional 16,505 shares during the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

Shares of Anadarko Petroleum Corporation (NYSE APC) traded down 1.99% on Thursday, hitting $43.77. 6,638,964 shares of the stock traded hands. The firm’s market cap is $24.53 billion. Anadarko Petroleum Corporation has a 12-month low of $42.58 and a 12-month high of $73.33. The firm’s 50-day moving average is $45.16 and its 200 day moving average is $56.70.

Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.35) by $0.42. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.60) EPS. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.13) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is -5.14%.

TRADEMARK VIOLATION WARNING: This report was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another publication, it was stolen and republished in violation of international copyright & trademark laws. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/03/gendell-jeffrey-l-has-1240000-position-in-anadarko-petroleum-corporation-nyseapc-updated-updated-updated.html.

Several research firms have weighed in on APC. UBS AG reiterated a “buy” rating and issued a $80.00 target price on shares of Anadarko Petroleum Corporation in a report on Monday, May 15th. Royal Bank Of Canada set a $78.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Saturday, June 17th. Mitsubishi UFJ Financial Group upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Thursday, July 27th. Morgan Stanley lowered shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a report on Wednesday, May 3rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum Corporation in a report on Friday, April 28th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $69.81.

In other news, Director Anthony R. Chase purchased 1,905 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the acquisition, the director now directly owns 23,636 shares in the company, valued at $1,240,417.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman R A. Walker purchased 19,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was purchased at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the acquisition, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 41,205 shares of company stock worth $2,136,700. 0.45% of the stock is owned by company insiders.

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.

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

Receive News & Stock Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related stocks with our FREE daily email newsletter.