Anadarko Petroleum Corporation (APC) Shares Bought by FNY Partners Fund LP
FNY Partners Fund LP increased its holdings in shares of Anadarko Petroleum Corporation (NYSE:APC) by 2,900.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,000 shares of the oil and gas development company’s stock after acquiring an additional 2,900 shares during the period. FNY Partners Fund LP’s holdings in Anadarko Petroleum Corporation were worth $136,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Clean Yield Group acquired a new position in Anadarko Petroleum Corporation during the 1st quarter worth $105,000. Assetmark Inc. lifted its holdings in Anadarko Petroleum Corporation by 10.7% during the 1st quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after buying an additional 176 shares in the last quarter. Guardian Life Insurance Co. of America lifted its holdings in 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 worth $134,000 after buying an additional 15 shares in the last quarter. Fifth Third Bancorp lifted its holdings in 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 worth $167,000 after buying an additional 680 shares in the last quarter. Finally, FUKOKU MUTUAL LIFE INSURANCE Co lifted its holdings in Anadarko Petroleum Corporation by 50.5% during the 1st quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,980 shares of the oil and gas development company’s stock worth $185,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 85.08% of the company’s stock.
Anadarko Petroleum Corporation (NYSE:APC) traded up 2.32% during trading on Wednesday, reaching $42.73. The company’s stock had a trading volume of 547,116 shares. 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 $43.15 and its 200 day moving average is $51.46. The company’s market cap is $23.94 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 for the quarter, missing the consensus estimate of ($0.35) by ($0.42). Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company posted ($0.60) EPS. Anadarko Petroleum Corporation’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities analysts forecast that Anadarko Petroleum Corporation will post ($2.13) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. The ex-dividend date is Tuesday, September 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.48%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.
Several research analysts have issued reports on APC shares. Citigroup Inc. started coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They set a “positive” rating and a $60.00 price objective on the stock. They noted that the move was a valuation call. Stifel Nicolaus reaffirmed a “buy” rating and set a $79.00 price objective on shares of Anadarko Petroleum Corporation in a report on Friday, May 26th. BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, June 22nd. Jefferies Group LLC set a $62.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Monday, August 28th. Finally, Scotiabank reaffirmed a “buy” rating and set a $66.00 price objective on shares of Anadarko Petroleum Corporation in a report on Friday, June 30th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.73.
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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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