Anadarko Petroleum Corporation (APC) Position Held by Allen Investment Management LLC
Allen Investment Management LLC continued to hold its stake in Anadarko Petroleum Corporation (NYSE:APC) during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,223 shares of the oil and gas development company’s stock at the end of the first quarter. Allen Investment Management LLC’s holdings in Anadarko Petroleum Corporation were worth $758,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in APC. 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 period. Vanguard Group Inc. increased its stake 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 stake in Anadarko Petroleum Corporation during the fourth quarter worth about $1,596,608,000. JPMorgan Chase & Co. increased its stake 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 increased its stake 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. 84.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of Anadarko Petroleum Corporation (NYSE:APC) traded up 2.56% during mid-day trading on Friday, reaching $44.89. 4,609,967 shares of the company were exchanged. The company’s 50-day moving average is $45.16 and its 200 day moving average is $56.70. The firm’s market capitalization is $25.15 billion. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the 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 business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm earned ($0.60) EPS. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. Analysts predict that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.45%. 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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APC has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price target on shares of Anadarko Petroleum Corporation from $50.00 to $53.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Morgan Stanley downgraded 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 research note on Wednesday, May 3rd. Wells Fargo & Company reaffirmed a “market perform” rating and set a $48.00 target price (down from $55.00) on shares of Anadarko Petroleum Corporation in a research note on Saturday, July 22nd. Scotiabank reaffirmed a “buy” rating and set a $66.00 target price on shares of Anadarko Petroleum Corporation in a research note on Friday, June 30th. Finally, BidaskClub raised shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, July 4th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock 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 Anadarko Petroleum Corporation stock in a transaction dated Thursday, May 18th. The stock was bought at an average price of $52.48 per share, with a total value of $99,974.40. Following the completion of the acquisition, the director now owns 23,636 shares in the company, valued at approximately $1,240,417.28. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman R A. Walker purchased 19,300 shares of Anadarko Petroleum Corporation stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the acquisition, the chairman now owns 176,718 shares of the company’s stock, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. In the last three months, insiders have bought 41,205 shares of company stock valued at $2,136,700. Corporate insiders own 0.45% of the company’s stock.
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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