Anadarko Petroleum Corporation (APC) Stake Maintained by Seaward Management Limited Partnership
Seaward Management Limited Partnership held its position in Anadarko Petroleum Corporation (NYSE:APC) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 5,804 shares of the oil and gas development company’s stock at the end of the second quarter. Seaward Management Limited Partnership’s holdings in Anadarko Petroleum Corporation were worth $263,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Clean Yield Group purchased a new position in Anadarko Petroleum Corporation during the first quarter valued at $105,000. Assetmark Inc. boosted 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 in the last quarter. Winch Advisory Services LLC boosted 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 in the last quarter. Guardian Life Insurance Co. of America boosted 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 in the last quarter. Finally, Financial Architects Inc boosted 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 in the last quarter. 84.56% of the stock is owned by institutional investors.
Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 44.10 on Thursday. The firm’s market cap is $24.71 billion. The company’s 50-day moving average price is $44.69 and its 200-day moving average price is $55.78. 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 issued its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. The business had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm earned ($0.60) EPS. The company’s revenue was up 41.8% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum Corporation will post ($2.11) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.45%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.
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Several research analysts have recently weighed in on the company. Zacks Investment Research cut Anadarko Petroleum Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Susquehanna Bancshares Inc started coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They set a “positive” rating and a $60.00 price objective for the company. Citigroup Inc. dropped their target price on Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a report on Friday, July 21st. Stifel Nicolaus reiterated a “buy” rating and set a $79.00 target price on shares of Anadarko Petroleum Corporation in a report on Friday, May 26th. Finally, Cowen and Company set a $60.00 target price on Anadarko Petroleum Corporation and gave the stock a “buy” rating in a report on Wednesday, July 19th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $69.81.
In other news, Director Peter J. Fluor purchased 20,000 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The shares were purchased at an average price of $51.83 per share, with a total value of $1,036,600.00. Following the completion of the acquisition, the director now owns 146,750 shares in the company, valued at approximately $7,606,052.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anthony R. Chase purchased 1,905 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was purchased at an average cost of $52.48 per share, for a total transaction of $99,974.40. Following the acquisition, the director now owns 23,636 shares of the company’s stock, 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 worth $2,136,700 in the last three months. 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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