BP Capital Fund Advisors LLC Buys 3,874 Shares of Anadarko Petroleum Corporation (APC)
BP Capital Fund Advisors LLC raised its stake in shares of Anadarko Petroleum Corporation (NYSE:APC) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,142 shares of the oil and gas development company’s stock after purchasing an additional 3,874 shares during the period. Anadarko Petroleum Corporation accounts for about 2.0% of BP Capital Fund Advisors LLC’s portfolio, making the stock its 23rd biggest position. BP Capital Fund Advisors LLC’s holdings in Anadarko Petroleum Corporation were worth $4,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Clean Yield Group purchased a new stake in Anadarko Petroleum Corporation during the first quarter valued at approximately $105,000. Assetmark Inc. raised its position in Anadarko Petroleum Corporation by 10.7% during the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock valued at $113,000 after purchasing an additional 176 shares during the period. Guardian Life Insurance Co. of America raised its position in Anadarko Petroleum Corporation by 0.7% during 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 purchasing an additional 15 shares during the period. Fifth Third Bancorp raised its position in Anadarko Petroleum Corporation by 33.9% during the first quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company’s stock valued at $167,000 after purchasing an additional 680 shares during the period. Finally, FNY Partners Fund LP raised its position in Anadarko Petroleum Corporation by 2,900.0% during the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after purchasing an additional 2,900 shares during the period. Institutional investors and hedge funds own 85.05% of the company’s stock.
Several equities research analysts have recently weighed in on the company. 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, June 17th. Mitsubishi UFJ Financial Group upgraded Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price target on the stock in a report on Thursday, July 27th. BidaskClub downgraded Anadarko Petroleum Corporation from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Stifel Nicolaus reiterated a “buy” rating and issued a $79.00 price target on shares of Anadarko Petroleum Corporation in a report on Friday, May 26th. Finally, Susquehanna Bancshares Inc assumed coverage on Anadarko Petroleum Corporation in a report on Thursday, June 29th. They issued a “positive” rating and a $60.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Anadarko Petroleum Corporation currently has an average rating of “Buy” and an average price target of $70.13.
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Anadarko Petroleum Corporation (NYSE:APC) last released its quarterly earnings data on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned ($0.60) EPS. The business’s revenue was up 41.8% on a year-over-year basis.
Anadarko Petroleum Corporation declared that its board has initiated a stock repurchase plan on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in shares. This repurchase authorization authorizes the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.45%. Anadarko Petroleum Corporation’s dividend payout ratio is presently -5.14%.
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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