Trexquant Investment LP Has $858,000 Position in Anadarko Petroleum Corporation (NYSE:APC)
Trexquant Investment LP raised its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 23.7% during the second quarter, Holdings Channel reports. The fund owned 18,932 shares of the oil and gas development company’s stock after buying an additional 3,625 shares during the period. Trexquant Investment LP’s holdings in Anadarko Petroleum Corporation were worth $858,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in APC. Clean Yield Group acquired a new position in Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. raised its position in Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after buying an additional 176 shares during the last quarter. Winch Advisory Services LLC raised its position in Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock valued at $126,000 after buying an additional 1,807 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in Anadarko Petroleum Corporation by 0.7% in the first 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 buying an additional 15 shares during the last quarter. Finally, Financial Architects Inc raised its position in Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock valued at $142,000 after buying an additional 550 shares during the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.
Shares of Anadarko Petroleum Corporation (APC) opened at 43.70 on Friday. Anadarko Petroleum Corporation has a 52 week low of $42.58 and a 52 week high of $73.33. The firm’s market cap is $24.49 billion. The firm’s 50-day moving average price is $44.64 and its 200 day moving average price is $55.69.
Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by $0.42. The business had revenue of $2.72 billion during 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 company’s revenue for the quarter was up 41.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.60) earnings per share. Equities analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio is currently -5.14%.
Several equities analysts recently commented on the company. Zacks Investment Research lowered Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Susquehanna Bancshares Inc assumed coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 price target for the company. Citigroup Inc. lowered their price target on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and set a $79.00 price target on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Cowen and Company set a $60.00 price target on Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Wednesday, July 19th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $69.81.
In other news, Director Anthony R. Chase bought 1,905 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were acquired at an average cost of $52.48 per share, with a total value of $99,974.40. Following the completion of the transaction, the director now directly owns 23,636 shares in the company, valued at $1,240,417.28. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Peter J. Fluor bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The shares were purchased at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the completion of the transaction, the director now owns 146,750 shares of the company’s stock, valued at $7,606,052.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 41,205 shares of company stock worth $2,136,700. 0.45% of the stock is currently owned by company insiders.
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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