Swiss National Bank Has $95,325,000 Stake in Anadarko Petroleum Corp. (APC)
Swiss National Bank boosted its position in shares of Anadarko Petroleum Corp. (NYSE:APC) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,504,505 shares of the oil and gas development company’s stock after buying an additional 79,400 shares during the period. Swiss National Bank’s holdings in Anadarko Petroleum Corp. were worth $95,325,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dodge & Cox raised its position in Anadarko Petroleum Corp. by 109,259.7% in the second quarter. Dodge & Cox now owns 9,212,463 shares of the oil and gas development company’s stock valued at $490,564,000 after buying an additional 9,204,039 shares in the last quarter. Carmignac Gestion raised its position in Anadarko Petroleum Corp. by 12.0% in the second quarter. Carmignac Gestion now owns 13,619,742 shares of the oil and gas development company’s stock valued at $725,251,000 after buying an additional 1,458,674 shares in the last quarter. Bessemer Group Inc. raised its position in Anadarko Petroleum Corp. by 63,117.7% in the second quarter. Bessemer Group Inc. now owns 1,063,322 shares of the oil and gas development company’s stock valued at $56,622,000 after buying an additional 1,061,640 shares in the last quarter. Emerald Acquisition Ltd. bought a new position in Anadarko Petroleum Corp. during the second quarter valued at about $50,924,000. Finally, FMR LLC raised its position in Anadarko Petroleum Corp. by 3.2% in the second quarter. FMR LLC now owns 26,232,093 shares of the oil and gas development company’s stock valued at $1,396,859,000 after buying an additional 819,854 shares in the last quarter. Institutional investors and hedge funds own 85.93% of the company’s stock.
Anadarko Petroleum Corp. (NYSE:APC) opened at 69.15 on Thursday. The stock’s 50 day moving average price is $62.09 and its 200 day moving average price is $56.77. The company’s market capitalization is $38.65 billion. Anadarko Petroleum Corp. has a 52 week low of $28.16 and a 52 week high of $69.48.
Anadarko Petroleum Corp. (NYSE:APC) last posted its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same period last year, the company posted ($0.72) earnings per share. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. Analysts anticipate that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 14th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend is Monday, December 12th. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is currently -2.68%.
Several research analysts have issued reports on APC shares. Johnson Rice upgraded Anadarko Petroleum Corp. from an “accumulate” rating to a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research lowered Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Credit Suisse Group AG reiterated a “hold” rating and set a $68.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Monday, September 12th. Guggenheim upgraded Anadarko Petroleum Corp. from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Friday, November 11th. Finally, Royal Bank Of Canada increased their price objective on Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $69.59.
Anadarko Petroleum Corp. Company Profile
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
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