Advantus Capital Management Inc increased its stake in Anadarko Petroleum Corp. (NYSE:APC) by 8.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,996 shares of the oil and gas development company’s stock after buying an additional 4,014 shares during the period. Advantus Capital Management Inc’s holdings in Anadarko Petroleum Corp. were worth $3,421,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APC. Argentus Capital Management LLC bought a new position in Anadarko Petroleum Corp. during the third quarter valued at $121,000. Global X Management Co. LLC increased its position in Anadarko Petroleum Corp. by 182.7% in the third quarter. Global X Management Co. LLC now owns 1,914 shares of the oil and gas development company’s stock valued at $121,000 after buying an additional 1,237 shares during the period. Financial Architects Inc increased its stake in Anadarko Petroleum Corp. by 90.9% in the second quarter. Financial Architects Inc now owns 1,995 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 950 shares during the last quarter. Stelac Advisory Services LLC acquired a new stake in Anadarko Petroleum Corp. during the second quarter worth approximately $117,000. Finally, Signaturefd LLC increased its stake in Anadarko Petroleum Corp. by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock worth $122,000 after buying an additional 226 shares during the last quarter. Hedge funds and other institutional investors own 85.87% of the company’s stock.
Anadarko Petroleum Corp. (NYSE:APC) traded up 0.33% during mid-day trading on Thursday, reaching $70.12. 2,206,155 shares of the company were exchanged. The stock’s market capitalization is $39.19 billion. Anadarko Petroleum Corp. has a 12 month low of $30.03 and a 12 month high of $73.33. The company’s 50 day moving average price is $70.42 and its 200-day moving average price is $61.22.
Anadarko Petroleum Corp. (NYSE:APC) last announced its earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. The firm earned $1.89 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the previous year, the business earned ($0.72) earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts expect that Anadarko Petroleum Corp. will post ($3.07) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.29%. The ex-dividend date was Monday, December 12th. Anadarko Petroleum Corp.’s payout ratio is -2.68%.
APC has been the subject of a number of recent research reports. RBC Capital Markets reiterated a “buy” rating and issued a $81.00 price objective on shares of Anadarko Petroleum Corp. in a report on Wednesday, January 4th. Guggenheim upgraded shares of Anadarko Petroleum Corp. from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, November 11th. Wells Fargo & Co. set a $70.00 price objective on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a report on Friday, September 23rd. Vetr upgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “strong-buy” rating and set a $81.00 price objective for the company in a report on Wednesday, December 14th. Finally, Raymond James Financial Inc. reiterated a “market perform” rating on shares of Anadarko Petroleum Corp. in a report on Tuesday, January 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $72.72.
About Anadarko Petroleum Corp.
Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company’s segments include Oil and Gas Exploration & Production; Midstream, and Marketing. The Oil and Gas Exploration & Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Company’s liquefied natural gas (LNG) project in Mozambique.
Want to see what other hedge funds are holding APC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anadarko Petroleum Corp. (NYSE:APC).