Anadarko Petroleum Corporation (APC) Holdings Maintained by ELCO Management Co. LLC
ELCO Management Co. LLC maintained its stake in Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,100 shares of the oil and gas development company’s stock at the close of the second quarter. ELCO Management Co. LLC’s holdings in Anadarko Petroleum Corporation were worth $1,138,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Optimum Investment Advisors raised its stake in shares of Anadarko Petroleum Corporation by 0.9% in the 2nd quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after acquiring an additional 100 shares in the last quarter. Zurich Insurance Group Ltd FI lifted its holdings in Anadarko Petroleum Corporation by 17.7% in the 2nd quarter. Zurich Insurance Group Ltd FI now owns 80,394 shares of the oil and gas development company’s stock worth $3,645,000 after purchasing an additional 12,092 shares during the last quarter. Sun Life Financial INC lifted its holdings in Anadarko Petroleum Corporation by 1,363.4% in the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after purchasing an additional 2,795 shares during the last quarter. Clinton Group Inc. bought a new stake in Anadarko Petroleum Corporation during the second quarter worth approximately $1,434,000. Finally, Tudor Investment Corp ET AL boosted its position in Anadarko Petroleum Corporation by 40.9% during the second quarter. Tudor Investment Corp ET AL now owns 75,615 shares of the oil and gas development company’s stock worth $3,428,000 after purchasing an additional 21,935 shares during the period. 85.05% of the stock is currently owned by institutional investors and hedge funds.
A number of analysts have recently weighed in on the stock. Jefferies Group LLC set a $62.00 price objective on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research note on Monday, August 28th. Cowen and Company reiterated a “buy” rating and issued a $60.00 target price on shares of Anadarko Petroleum Corporation in a research note on Sunday, September 17th. Citigroup Inc. lowered their target price on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 target price on shares of Anadarko Petroleum Corporation in a report on Monday, September 4th. Finally, Royal Bank Of Canada set a $62.00 target price on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Thursday, August 24th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $70.08.
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Anadarko Petroleum Corporation (NYSE:APC) traded down 0.41% during mid-day trading on Tuesday, hitting $49.18. 1,158,027 shares of the stock traded hands. The firm’s 50-day moving average price is $43.87 and its 200-day moving average price is $49.62. Anadarko Petroleum Corporation has a 52 week low of $39.96 and a 52 week high of $73.33. The firm’s market cap is $27.56 billion.
Anadarko Petroleum Corporation (NYSE:APC) last released 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 firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. Anadarko Petroleum Corporation’s quarterly revenue 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. On average, equities analysts forecast that Anadarko Petroleum Corporation will post ($2.13) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is presently -5.14%.
Anadarko Petroleum Corporation declared that its Board of Directors has initiated a share repurchase plan on Wednesday, September 20th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the oil and gas development company to repurchase up to 10% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.
Anadarko Petroleum Corporation 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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