Ashford Capital Management Inc. held its position in Anadarko Petroleum Corporation (NYSE:APC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,083 shares of the oil and gas development company’s stock at the end of the 2nd quarter. Ashford Capital Management Inc.’s holdings in Anadarko Petroleum Corporation were worth $230,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of APC. Guardian Life Insurance Co. of America grew its position in shares of Anadarko Petroleum Corporation by 0.7% during the 1st 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. FNY Partners Fund LP grew its position in shares of Anadarko Petroleum Corporation by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,900 shares during the period. Sun Life Financial INC grew its position in shares of Anadarko Petroleum Corporation by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after acquiring an additional 2,795 shares during the period. YorkBridge Wealth Partners LLC grew its position in shares of Anadarko Petroleum Corporation by 12.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after acquiring an additional 402 shares during the period. Finally, Fifth Third Bancorp grew its position in shares of Anadarko Petroleum Corporation by 33.9% during the 1st 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. Hedge funds and other institutional investors own 85.01% of the company’s stock.

WARNING: “Anadarko Petroleum Corporation (APC) Position Maintained by Ashford Capital Management Inc.” was first posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of US and international copyright and trademark laws. The original version of this article can be viewed at https://www.watchlistnews.com/anadarko-petroleum-corporation-apc-position-maintained-by-ashford-capital-management-inc/1634831.html.

Anadarko Petroleum Corporation (NYSE APC) traded up 0.48% during mid-day trading on Monday, hitting $48.02. 1,766,651 shares of the stock traded hands. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The stock’s 50 day moving average is $45.53 and its 200-day moving average is $48.78. The company’s market cap is $26.91 billion.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.35) by ($0.42). The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business’s quarterly revenue was up 41.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.60) EPS. On average, equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date was Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

Anadarko Petroleum Corporation declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, September 20th that permits the company to buyback $2.50 billion in outstanding shares. This buyback authorization permits the oil and gas development company to reacquire up to 10% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

APC has been the topic of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and set a $78.00 target price (down from $80.00) on shares of Anadarko Petroleum Corporation in a research report on Tuesday, July 25th. Scotiabank restated a “buy” rating and set a $66.00 target price on shares of Anadarko Petroleum Corporation in a research report on Friday, June 30th. Citigroup Inc. dropped their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Royal Bank Of Canada restated a “buy” rating and set a $62.00 target price on shares of Anadarko Petroleum Corporation in a research report on Thursday, July 20th. Finally, Cowen and Company set a $60.00 target price on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $68.30.

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.

Institutional Ownership by Quarter for Anadarko Petroleum Corporation (NYSE:APC)

Receive News & Ratings for Anadarko Petroleum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.