Anadarko Petroleum Corporation (APC) Shares Sold by Commerce Bank
Commerce Bank lowered its holdings in Anadarko Petroleum Corporation (NYSE:APC) by 15.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,738 shares of the oil and gas development company’s stock after selling 4,657 shares during the quarter. Commerce Bank’s holdings in Anadarko Petroleum Corporation were worth $1,257,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Klingenstein Fields & Co. LLC raised its position in Anadarko Petroleum Corporation by 0.8% in the second quarter. Klingenstein Fields & Co. LLC now owns 5,250 shares of the oil and gas development company’s stock valued at $238,000 after purchasing an additional 40 shares during the period. Optimum Investment Advisors raised its position in Anadarko Petroleum Corporation by 0.9% in the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock valued at $523,000 after purchasing an additional 100 shares during the period. Bienville Capital Management LLC raised its position in Anadarko Petroleum Corporation by 2.0% in the second quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company’s stock valued at $265,000 after purchasing an additional 112 shares during the period. Honkamp Krueger Financial Services Inc. raised its holdings in shares of Anadarko Petroleum Corporation by 1.0% in the 2nd quarter. Honkamp Krueger Financial Services Inc. now owns 13,721 shares of the oil and gas development company’s stock valued at $622,000 after buying an additional 135 shares during the period. Finally, Berkshire Asset Management LLC PA raised its holdings in shares of Anadarko Petroleum Corporation by 1.9% in the 2nd quarter. Berkshire Asset Management LLC PA now owns 7,884 shares of the oil and gas development company’s stock valued at $357,000 after buying an additional 144 shares during the period. Institutional investors own 88.68% of the company’s stock.
Anadarko Petroleum Corporation (APC) traded up $0.65 during trading on Monday, hitting $48.15. The stock had a trading volume of 6,102,700 shares, compared to its average volume of 5,027,613. Anadarko Petroleum Corporation has a fifty-two week low of $39.96 and a fifty-two week high of $73.33. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11.
Anadarko Petroleum Corporation (NYSE:APC) last posted its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum Corporation had a negative net margin of 17.13% and a negative return on equity of 9.82%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. During the same period in the previous year, the firm posted ($0.89) earnings per share. The firm’s revenue for the quarter was up 31.9% on a year-over-year basis. equities research analysts expect that Anadarko Petroleum Corporation will post -2.23 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Tuesday, December 12th. Anadarko Petroleum Corporation’s payout ratio is currently -5.65%.
Anadarko Petroleum Corporation announced that its board has approved a stock buyback plan on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
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Several research firms recently issued reports on APC. BMO Capital Markets upgraded Anadarko Petroleum Corporation from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $53.00 to $57.00 in a report on Friday. 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 $77.00 price objective (up previously from $76.00) on shares of Anadarko Petroleum Corporation in a report on Monday, September 25th. Scotiabank set a $64.00 price objective on Anadarko Petroleum Corporation and gave the company a “buy” rating in a report on Friday. Finally, Mitsubishi UFJ Financial Group upgraded Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, nineteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $67.18.
Anadarko Petroleum Corporation 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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