Anadarko Petroleum Corporation (NYSE:APC) Stake Raised by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. raised its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,975,465 shares of the oil and gas development company’s stock after buying an additional 146,863 shares during the period. Schwab Charles Investment Management Inc. owned about 0.35% of Anadarko Petroleum Corporation worth $122,479,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. increased its stake 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 worth $2,622,619,000 after buying an additional 40,958,268 shares during the last quarter. Vanguard Group Inc. boosted its position in Anadarko Petroleum Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company’s stock worth $2,409,998,000 after buying an additional 1,227,182 shares during the period. Dodge & Cox bought a new position in Anadarko Petroleum Corporation during the fourth quarter worth $1,596,608,000. JPMorgan Chase & Co. boosted its position in Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Anadarko Petroleum Corporation by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 7,210,248 shares of the oil and gas development company’s stock worth $447,035,000 after buying an additional 128,487 shares during the period. Hedge funds and other institutional investors own 84.70% of the company’s stock.
Anadarko Petroleum Corporation (NYSE APC) traded down 1.99% during midday trading on Thursday, reaching $43.77. The company’s stock had a trading volume of 6,637,964 shares. The firm’s market cap is $24.53 billion. Anadarko Petroleum Corporation has a 52 week low of $42.58 and a 52 week high of $73.33. The firm has a 50 day moving average price of $45.16 and a 200-day moving average price of $56.70.
Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the company posted ($0.60) earnings per share. The business’s revenue for the quarter was up 41.8% compared to the same quarter last year. On average, analysts forecast that Anadarko Petroleum Corporation will post ($2.13) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.
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Several equities analysts recently commented on the company. Zacks Investment Research lowered Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc assumed coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They issued a “positive” rating and a $60.00 target price for the company. Citigroup Inc. dropped their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, July 21st. Stifel Nicolaus restated a “buy” rating and set a $79.00 price target on shares of Anadarko Petroleum Corporation in a research note on Friday, May 26th. Finally, Cowen and Company set a $60.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 19th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $69.81.
In related news, Chairman R A. Walker purchased 19,300 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the acquisition, the chairman now directly owns 176,718 shares in the company, valued at approximately $9,157,526.76. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Anthony R. Chase purchased 1,905 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were bought at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the acquisition, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The disclosure for this purchase can be found here. Insiders have purchased a total of 41,205 shares of company stock worth $2,136,700 over the last three months. 0.45% of the stock is currently owned by 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.
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