Private Advisor Group LLC Decreases Holdings in Anadarko Petroleum Corporation (APC)
Private Advisor Group LLC reduced its stake in Anadarko Petroleum Corporation (NYSE:APC) by 11.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,172 shares of the oil and gas development company’s stock after selling 1,429 shares during the period. Private Advisor Group LLC’s holdings in Anadarko Petroleum Corporation were worth $487,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Clean Yield Group acquired a new position in Anadarko Petroleum Corporation in the first quarter valued at approximately $105,000. Assetmark Inc. boosted its stake in Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after acquiring an additional 176 shares during the period. Guardian Life Insurance Co. of America boosted its stake in Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock valued at $134,000 after acquiring an additional 15 shares during the period. Fifth Third Bancorp boosted its stake in Anadarko Petroleum Corporation by 33.9% in the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after acquiring an additional 680 shares during the period. Finally, Trust Co. of Vermont boosted its stake in Anadarko Petroleum Corporation by 24.5% in the second quarter. Trust Co. of Vermont now owns 4,117 shares of the oil and gas development company’s stock valued at $187,000 after acquiring an additional 811 shares during the period. Institutional investors own 85.08% of the company’s stock.
Several equities analysts have recently issued reports on APC shares. BMO Capital Markets boosted their price objective on Anadarko Petroleum Corporation from $50.00 to $53.00 and gave the stock a “market perform” rating in a research report on Friday, July 14th. Wells Fargo & Company reiterated a “market perform” rating and set a $48.00 price objective (down from $55.00) on shares of Anadarko Petroleum Corporation in a research report on Saturday, July 22nd. Scotiabank reiterated a “buy” rating and set a $66.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Friday, June 30th. BidaskClub upgraded Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $70.12.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 43.55 on Friday. The firm’s 50-day moving average is $42.85 and its 200 day moving average is $51.03. Anadarko Petroleum Corporation has a 52 week low of $39.96 and a 52 week high of $73.33. The firm’s market capitalization is $24.40 billion.
Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.42). The firm 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%. The company’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.60) earnings per share. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($2.12) EPS for the current fiscal 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 given a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. Anadarko Petroleum Corporation’s dividend payout ratio is -5.14%.
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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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