Anadarko Petroleum Corporation (APC) Stake Decreased by Concert Wealth Management Inc.
Concert Wealth Management Inc. cut its stake in Anadarko Petroleum Corporation (NYSE:APC) by 0.8% during the first quarter, Holdings Channel reports. The firm owned 5,247 shares of the oil and gas development company’s stock after selling 42 shares during the period. Concert Wealth Management Inc.’s holdings in Anadarko Petroleum Corporation were worth $363,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Clean Yield Group acquired a new position in shares of Anadarko Petroleum Corporation during the first quarter worth approximately $105,000. Parallel Advisors LLC acquired a new position in shares of Anadarko Petroleum Corporation during the fourth quarter worth approximately $112,000. 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 worth $113,000 after buying an additional 176 shares during the period. Ancora Advisors LLC acquired a new position in shares of Anadarko Petroleum Corporation during the fourth quarter worth approximately $126,000. Finally, 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 worth $126,000 after buying an additional 1,807 shares during the period. Hedge funds and other institutional investors own 85.79% of the company’s stock.
Anadarko Petroleum Corporation (NYSE APC) opened at 46.04 on Tuesday. Anadarko Petroleum Corporation has a 1-year low of $45.77 and a 1-year high of $73.33. The firm has a 50-day moving average price of $50.91 and a 200-day moving average price of $62.27. The firm’s market cap is $25.80 billion.
Anadarko Petroleum Corporation (NYSE:APC) last issued 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 the Thomson Reuters’ consensus estimate of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative net margin of 23.64% and a negative return on equity of 8.94%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $2.64 billion. On average, analysts expect that Anadarko Petroleum Corporation will post ($0.77) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be paid a $0.05 dividend. The ex-dividend date is Monday, June 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.43%. Anadarko Petroleum Corporation’s payout ratio is -4.45%.
A number of brokerages have recently commented on APC. Royal Bank Of Canada set a $78.00 price target on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Saturday. Morgan Stanley lowered Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 price target for the company. in a report on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $62.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, April 28th. Bank of America Corporation reiterated a “buy” rating on shares of Anadarko Petroleum Corporation in a report on Thursday, May 11th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $79.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, May 26th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $77.04.
In other Anadarko Petroleum Corporation news, Chairman R A. Walker purchased 19,300 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were bought at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the purchase, the chairman now owns 176,718 shares in the company, valued at approximately $9,157,526.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Anthony R. Chase purchased 1,905 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was acquired at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the purchase, the director now owns 23,636 shares in the company, valued at approximately $1,240,417.28. The disclosure for this purchase can be found here. In the last quarter, insiders bought 41,205 shares of company stock worth $2,136,700. Corporate insiders own 0.45% of the company’s stock.
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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