Oppenheimer & Co. Inc. Has $2.94 Million Stake in Anadarko Petroleum Corporation (NYSE:APC)

Oppenheimer & Co. Inc. reduced its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 16.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 47,408 shares of the oil and gas development company’s stock after selling 9,180 shares during the period. Oppenheimer & Co. Inc.’s holdings in Anadarko Petroleum Corporation were worth $2,939,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Clean Yield Group bought a new position in shares of Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. raised its position in shares of 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. Guardian Life Insurance Co. of America raised its position in shares of 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. Winch Advisory Services LLC raised its position in shares of 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. Finally, Financial Architects Inc raised its position in shares of 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. Institutional investors and hedge funds own 85.16% of the company’s stock.

Shares of Anadarko Petroleum Corporation (APC) opened at 43.36 on Monday. The company has a 50-day moving average of $49.05 and a 200-day moving average of $60.97. Anadarko Petroleum Corporation has a 1-year low of $42.58 and a 1-year high of $73.33. The firm’s market cap is $24.30 billion.

Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings data on Tuesday, May 2nd. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.34. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Anadarko Petroleum Corporation had a negative return on equity of 8.94% and a negative net margin of 23.64%. Analysts predict that Anadarko Petroleum Corporation will post ($0.93) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, June 12th. Anadarko Petroleum Corporation’s payout ratio is -4.45%.

COPYRIGHT VIOLATION NOTICE: “Oppenheimer & Co. Inc. Has $2.94 Million Stake in Anadarko Petroleum Corporation (NYSE:APC)” was posted by WKRB News and is the sole property of of WKRB News. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://www.wkrb13.com/markets/2284765/oppenheimer-co-inc-has-2-94-million-stake-in-anadarko-petroleum-corporation-nyseapc.html.

APC has been the subject of several research analyst reports. Royal Bank of Canada set a $84.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, April 20th. Scotiabank set a $75.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Monday, March 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Wednesday, March 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $81.00 price objective (up from $77.00) on shares of Anadarko Petroleum Corporation in a research report on Friday, May 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Thursday, May 11th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $75.04.

In other news, Chairman R A. Walker bought 19,300 shares of the stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $51.82 per share, with a total value of $1,000,126.00. Following the completion of the acquisition, the chairman now owns 176,718 shares of the company’s stock, valued at $9,157,526.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter J. Fluor bought 20,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was purchased at an average cost of $51.83 per share, for a total transaction of $1,036,600.00. Following the acquisition, the director now directly owns 146,750 shares of the company’s stock, valued at approximately $7,606,052.50. The disclosure for this purchase can be found here. Insiders acquired 41,205 shares of company stock valued at $2,136,700 in the last quarter. 0.45% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding APC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anadarko Petroleum Corporation (NYSE:APC).

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

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2284765/oppenheimer-co-inc-has-2-94-million-stake-in-anadarko-petroleum-corporation-nyseapc.html

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 MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.