Stevens Capital Management LP increased its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 435.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 490,712 shares of the oil and gas development company’s stock after purchasing an additional 399,080 shares during the period. Anadarko Petroleum Corporation comprises about 0.8% of Stevens Capital Management LP’s investment portfolio, making the stock its 14th largest position. Stevens Capital Management LP owned about 0.09% of Anadarko Petroleum Corporation worth $22,249,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sheaff Brock Investment Advisors LLC bought a new stake in Anadarko Petroleum Corporation in the first quarter valued at $338,000. Markston International LLC grew its position in Anadarko Petroleum Corporation by 1.0% in the first quarter. Markston International LLC now owns 73,229 shares of the oil and gas development company’s stock valued at $4,540,000 after acquiring an additional 750 shares during the period. TIAA CREF Trust Co. FSB MO grew its position in Anadarko Petroleum Corporation by 30.7% in the first quarter. TIAA CREF Trust Co. FSB MO now owns 22,657 shares of the oil and gas development company’s stock valued at $1,404,000 after acquiring an additional 5,319 shares during the period. Henderson Group PLC grew its position in Anadarko Petroleum Corporation by 1.5% in the first quarter. Henderson Group PLC now owns 75,142 shares of the oil and gas development company’s stock valued at $4,660,000 after acquiring an additional 1,100 shares during the period. Finally, HPM Partners LLC bought a new stake in Anadarko Petroleum Corporation in the first quarter valued at $389,000. Institutional investors and hedge funds own 85.08% of the company’s stock.
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A number of analysts have weighed in on the company. Cowen and Company reiterated a “buy” rating and issued a $60.00 price target on shares of Anadarko Petroleum Corporation in a research report on Sunday. BMO Capital Markets reiterated a “hold” rating and issued a $53.00 price target on shares of Anadarko Petroleum Corporation in a research report on Monday, September 4th. Stifel Nicolaus reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Sunday, September 3rd. Jefferies Group LLC set a $62.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Monday, August 28th. Finally, Royal Bank Of Canada set a $62.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. Anadarko Petroleum Corporation currently has an average rating of “Buy” and a consensus price target of $70.12.
Anadarko Petroleum Corporation (APC) traded up 0.05% during trading on Friday, reaching $43.55. The company’s stock had a trading volume of 4,328,011 shares. The stock’s market cap is $24.40 billion. The firm has a 50 day moving average price of $42.85 and a 200-day moving average price of $51.03. Anadarko Petroleum Corporation has a 52-week low of $39.96 and a 52-week high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results 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). The company had revenue of $2.72 billion for the quarter, compared to analyst estimates 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 firm’s quarterly revenue was up 41.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.60) earnings per share. On average, analysts expect that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders 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 yield of 0.46%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is presently -5.14%.
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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