Johnson Financial Group Inc. increased its position in Anadarko Petroleum Corporation (NYSE:APC) by 48.4% during the fourth quarter, Holdings Channel reports. The firm owned 3,448 shares of the oil and gas development company’s stock after buying an additional 1,124 shares during the period. Johnson Financial Group Inc.’s holdings in Anadarko Petroleum Corporation were worth $240,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. OZ Management LP bought a new stake in shares of Anadarko Petroleum Corporation during the third quarter worth about $104,103,000. BlackRock Institutional Trust Company N.A. raised its stake in shares of Anadarko Petroleum Corporation by 7.1% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,628,143 shares of the oil and gas development company’s stock worth $926,839,000 after buying an additional 974,069 shares during the period. Carlson Capital L P raised its stake in shares of Anadarko Petroleum Corporation by 69.6% in the second quarter. Carlson Capital L P now owns 1,845,437 shares of the oil and gas development company’s stock worth $98,270,000 after buying an additional 757,037 shares during the period. Atalanta Sosnoff Capital LLC bought a new stake in shares of Anadarko Petroleum Corporation during the third quarter worth about $42,973,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Anadarko Petroleum Corporation during the fourth quarter worth about $47,406,000. Institutional investors and hedge funds own 88.16% of the company’s stock.
Anadarko Petroleum Corporation (NYSE:APC) opened at 68.25 on Tuesday. Anadarko Petroleum Corporation has a 52 week low of $33.85 and a 52 week high of $73.33. The firm’s market capitalization is $37.61 billion. The company has a 50 day moving average price of $69.99 and a 200-day moving average price of $63.13.
Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings data on Tuesday, January 31st. The oil and gas development company reported ($0.50) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by $0.06. The firm had revenue of $2.39 billion for the quarter, compared to the consensus estimate of $2.32 billion. Anadarko Petroleum Corporation had a negative net margin of 39.03% and a negative return on equity of 10.57%. The business’s revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.57) earnings per share. Equities analysts predict that Anadarko Petroleum Corporation will post $0.43 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 8th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 6th. This represents a $0.20 annualized dividend and a yield of 0.29%. Anadarko Petroleum Corporation’s payout ratio is -3.37%.
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A number of analysts recently issued reports on APC shares. Citigroup Inc. lowered shares of Anadarko Petroleum Corporation to a “market perform” rating and dropped their price target for the stock from $80.00 to $70.00 in a research note on Tuesday, January 3rd. They noted that the move was a valuation call. Guggenheim raised shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, November 11th. TheStreet downgraded shares of Anadarko Petroleum Corporation to a “sell” rating in a report on Tuesday, December 13th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $82.00 price objective (up previously from $81.00) on shares of Anadarko Petroleum Corporation in a report on Friday, January 13th. Finally, Atlantic Securities raised shares of Anadarko Petroleum Corporation from an “underweight” rating to a “neutral” rating in a report on Wednesday, February 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and an average target price of $75.93.
Anadarko Petroleum Corporation Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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