Caxton Associates LP Acquires Shares of 288,670 Anadarko Petroleum Corporation (APC)
Caxton Associates LP acquired a new position in shares of Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 288,670 shares of the oil and gas development company’s stock, valued at approximately $13,088,000. Anadarko Petroleum Corporation makes up 0.1% of Caxton Associates LP’s holdings, making the stock its 27th biggest holding. Caxton Associates LP owned about 0.05% of Anadarko Petroleum Corporation at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Cubist Systematic Strategies LLC lifted its position in Anadarko Petroleum Corporation by 9.1% during the second quarter. Cubist Systematic Strategies LLC now owns 45,137 shares of the oil and gas development company’s stock worth $2,047,000 after buying an additional 3,778 shares in the last quarter. Sciencast Management LP lifted its position in Anadarko Petroleum Corporation by 204.9% during the second quarter. Sciencast Management LP now owns 13,643 shares of the oil and gas development company’s stock worth $619,000 after buying an additional 9,168 shares in the last quarter. Tyrus Capital S.A.M. purchased a new position in Anadarko Petroleum Corporation during the second quarter worth approximately $2,786,000. BlueCrest Capital Management Ltd lifted its position in Anadarko Petroleum Corporation by 216.6% during the second quarter. BlueCrest Capital Management Ltd now owns 58,860 shares of the oil and gas development company’s stock worth $2,669,000 after buying an additional 40,269 shares in the last quarter. Finally, State Street Corp lifted its position in Anadarko Petroleum Corporation by 0.8% during the second quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock worth $1,298,599,000 after buying an additional 218,628 shares in the last quarter. Hedge funds and other institutional investors own 85.05% of the company’s stock.
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A number of brokerages recently commented on APC. Royal Bank Of Canada set a $78.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Saturday, June 17th. Atlantic Securities upgraded Anadarko Petroleum Corporation from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $49.05 to $62.00 in a research report on Friday. BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 17th. Stifel Nicolaus set a $73.00 price objective on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a research report on Thursday. Finally, Bank of America Corporation reduced their price objective on Anadarko Petroleum Corporation from $81.00 to $80.00 and set a “buy” rating on the stock in a research report on Tuesday, July 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $69.29.
Anadarko Petroleum Corporation (NYSE APC) traded down 0.84% on Friday, reaching $48.64. The company had a trading volume of 6,587,592 shares. The firm has a 50-day moving average of $44.61 and a 200-day moving average of $49.42. Anadarko Petroleum Corporation has a 12 month low of $39.96 and a 12 month high of $73.33. The stock’s market capitalization is $27.26 billion.
Anadarko Petroleum Corporation (NYSE:APC) last announced its earnings results 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). The business had revenue of $2.72 billion for the quarter, compared to analyst estimates 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 firm’s revenue was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.60) earnings per share. On average, equities research analysts expect that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th were paid a $0.05 dividend. The ex-dividend date was Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.41%. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.
Anadarko Petroleum Corporation declared that its board has approved a share buyback program on Wednesday, September 20th that permits the company to repurchase $2.50 billion in shares. This repurchase authorization permits the oil and gas development company to repurchase up to 10% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.
About Anadarko Petroleum Corporation
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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