Bronson Point Management LLC bought a new position in Anadarko Petroleum Corporation (NYSE:APC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 165,000 shares of the oil and gas development company’s stock, valued at approximately $10,230,000. Anadarko Petroleum Corporation comprises about 2.9% of Bronson Point Management LLC’s portfolio, making the stock its 11th largest position.
Other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of Anadarko Petroleum Corporation by 3,052.0% in the first quarter. BlackRock Inc. now owns 42,300,274 shares of the oil and gas development company’s stock worth $2,622,619,000 after buying an additional 40,958,268 shares during the period. Vanguard Group Inc. raised its stake in shares of Anadarko Petroleum Corporation by 3.3% in the first quarter. Vanguard Group Inc. now owns 38,870,940 shares of the oil and gas development company’s stock worth $2,409,998,000 after buying an additional 1,227,182 shares during the period. Dodge & Cox purchased a new stake in shares of Anadarko Petroleum Corporation during the fourth quarter worth about $1,596,608,000. JPMorgan Chase & Co. raised its stake in shares of Anadarko Petroleum Corporation by 47.4% in the first quarter. JPMorgan Chase & Co. now owns 12,999,493 shares of the oil and gas development company’s stock worth $805,967,000 after buying an additional 4,182,975 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Anadarko Petroleum Corporation by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 7,210,248 shares of the oil and gas development company’s stock worth $447,035,000 after buying an additional 128,487 shares during the period. Institutional investors own 85.16% of the company’s stock.
Shares of Anadarko Petroleum Corporation (APC) opened at 43.36 on Monday. The company’s market capitalization is $24.30 billion. The company’s 50-day moving average is $49.05 and its 200 day moving average is $60.97. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33.
Anadarko Petroleum Corporation (NYSE:APC) last posted its quarterly earnings results on Tuesday, May 2nd. The oil and gas development company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative return on equity of 8.94% and a negative net margin of 23.64%. The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $2.64 billion. On average, equities research analysts anticipate that Anadarko Petroleum Corporation will post ($0.93) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Monday, June 12th. Anadarko Petroleum Corporation’s dividend payout ratio is presently -4.45%.
A number of equities research analysts have issued reports on APC shares. Morgan Stanley lowered shares of Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price target on the stock. in a report on Wednesday, May 3rd. Scotiabank reissued a “buy” rating and issued a $66.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, June 30th. BidaskClub raised shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 4th. Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Tuesday, June 6th. Finally, Citigroup Inc. started coverage on shares of Anadarko Petroleum Corporation in a research note on Thursday, June 29th. They set a “positive” rating and a $60.00 target price on the stock. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $75.04.
In other Anadarko Petroleum Corporation news, Chairman R A. Walker purchased 19,300 shares of Anadarko Petroleum Corporation stock in a transaction on Wednesday, May 17th. The stock was bought at an average cost of $51.82 per share, with a total value of $1,000,126.00. Following the transaction, the chairman now owns 176,718 shares of the company’s stock, valued at approximately $9,157,526.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony R. Chase purchased 1,905 shares of Anadarko Petroleum Corporation stock in a transaction 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 approximately $1,240,417.28. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,205 shares of company stock valued at $2,136,700 over the last three months. 0.45% of the stock is currently owned by 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.
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