Russell Investments Group Ltd. Has $11.88 Million Position in Anadarko Petroleum Corporation (NYSE:APC)
Russell Investments Group Ltd. reduced its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 32.5% during the second quarter, Holdings Channel reports. The firm owned 262,074 shares of the oil and gas development company’s stock after selling 126,317 shares during the period. Russell Investments Group Ltd.’s holdings in Anadarko Petroleum Corporation were worth $11,883,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Stewart & Patten Co. LLC acquired a new stake in Anadarko Petroleum Corporation during the first quarter worth about $361,000. Oakbrook Investments LLC raised its position in Anadarko Petroleum Corporation by 74.3% in the first quarter. Oakbrook Investments LLC now owns 47,150 shares of the oil and gas development company’s stock worth $2,923,000 after buying an additional 20,100 shares in the last quarter. Quotient Investors LLC purchased a new position in Anadarko Petroleum Corporation during the first quarter worth approximately $831,000. Quantitative Systematic Strategies LLC raised its position in Anadarko Petroleum Corporation by 58.4% in the first quarter. Quantitative Systematic Strategies LLC now owns 37,134 shares of the oil and gas development company’s stock worth $2,302,000 after buying an additional 13,687 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its position in Anadarko Petroleum Corporation by 3.8% in the first quarter. Patten & Patten Inc. TN now owns 87,065 shares of the oil and gas development company’s stock worth $5,398,000 after buying an additional 3,186 shares in the last quarter. Hedge funds and other institutional investors own 84.56% of the company’s stock.
Shares of Anadarko Petroleum Corporation (NYSE:APC) traded down 0.37% during midday trading on Friday, hitting $43.54. 3,788,050 shares of the stock traded hands. Anadarko Petroleum Corporation has a 1-year low of $42.58 and a 1-year high of $73.33. The company’s market capitalization is $24.40 billion. The stock has a 50 day moving average of $44.60 and a 200 day moving average of $55.50.
Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business posted ($0.60) EPS. The firm’s revenue for the quarter was up 41.8% on a year-over-year basis. Equities research analysts predict that Anadarko Petroleum Corporation will post ($2.11) earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 13th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Tuesday, September 12th. Anadarko Petroleum Corporation’s payout ratio is currently -5.14%.
A number of equities analysts have recently commented on APC shares. Citigroup Inc. dropped their price target on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Stifel Nicolaus reissued a “buy” rating and issued a $81.00 price target (up previously from $77.00) on shares of Anadarko Petroleum Corporation in a research report on Friday, May 12th. Royal Bank Of Canada set a $84.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Thursday, April 20th. Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Tuesday, June 6th. Finally, Barclays PLC lowered shares of Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $52.00 to $42.00 in a research report on Wednesday, June 14th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and a consensus target price of $69.73.
In related news, Director Anthony R. Chase purchased 1,905 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The shares were bought at an average price of $52.48 per share, for a total transaction of $99,974.40. Following the completion of the transaction, the director now owns 23,636 shares of the company’s stock, valued at $1,240,417.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman R A. Walker purchased 19,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average price of $51.82 per share, for a total transaction of $1,000,126.00. Following the transaction, the chairman now directly owns 176,718 shares of the company’s stock, valued at approximately $9,157,526.76. The disclosure for this purchase can be found here. Insiders purchased 41,205 shares of company stock worth $2,136,700 in the last 90 days. 0.45% of the stock is 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.
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