Trade Report: Today, Kanawha Capital Management LLC decides to keep it stake in Anadarko Petroleum Corp. (APC) to the level of $999,000

Today, Kanawha Capital Management LLC decides to keep it stake in Anadarko Petroleum Corp. (APC) to the level of $999,000

Kanawha Capital Management LLC lowered its stake in Anadarko Petroleum Corp. (NYSE:APC) by 0.8% during the second quarter, Holdings Channel reports. The institutional investor owned 18,755 shares of the oil and gas development company’s stock after selling 145 shares during the period. Kanawha Capital Management LLC’s holdings in Anadarko Petroleum Corp. were worth $999,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Loomis Sayles & Co. L P raised its position in shares of Anadarko Petroleum Corp. by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,424 shares of the oil and gas development company’s stock valued at $159,000 after buying an additional 24 shares in the last quarter. Park National Corp OH raised its position in Anadarko Petroleum Corp. by 1.3% in the second quarter. Park National Corp OH now owns 5,929 shares of the oil and gas development company’s stock valued at $316,000 after buying an additional 78 shares during the period. Palladium Partners LLC raised its position in Anadarko Petroleum Corp. by 2.3% in the second quarter. Palladium Partners LLC now owns 4,453 shares of the oil and gas development company’s stock valued at $237,000 after buying an additional 100 shares during the period. Security National Trust Co. raised its position in Anadarko Petroleum Corp. by 4.9% in the second quarter. Security National Trust Co. now owns 2,138 shares of the oil and gas development company’s stock valued at $114,000 after buying an additional 100 shares during the period. Finally, Pennsylvania Trust Co raised its position in Anadarko Petroleum Corp. by 1.8% in the second quarter. Pennsylvania Trust Co now owns 5,786 shares of the oil and gas development company’s stock valued at $308,000 after buying an additional 102 shares during the period. 79.11% of the stock is owned by institutional investors.

Shares of Anadarko Petroleum Corp. (NYSE:APC) traded up 0.94% during mid-day trading on Tuesday, hitting $63.10. 1,429,595 shares of the stock were exchanged. The company’s market capitalization is $32.21 billion. Anadarko Petroleum Corp. has a 12-month low of $28.16 and a 12-month high of $73.77. The firm has a 50-day moving average price of $59.83 and a 200 day moving average price of $54.04.

Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings results on Tuesday, July 26th. The oil and gas development company reported ($0.60) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.80) by $0.20. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.89 billion. Anadarko Petroleum Corp. had a negative net margin of 71.09% and a negative return on equity of 9.88%. Anadarko Petroleum Corp.’s revenue for the quarter was down 27.4% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. On average, equities research analysts expect that Anadarko Petroleum Corp. will post ($2.71) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 28th. Shareholders of record on Wednesday, September 14th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, September 12th. This represents a $0.20 annualized dividend and a yield of 0.32%. Anadarko Petroleum Corp.’s dividend payout ratio (DPR) is currently -1.95%.

Several research analysts have recently commented on the stock. Deutsche Bank AG raised shares of Anadarko Petroleum Corp. from a “hold” rating to a “buy” rating and lifted their price target for the company from $64.00 to $77.00 in a report on Thursday, October 13th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Anadarko Petroleum Corp. in a report on Thursday, October 6th. Barclays PLC lifted their price target on shares of Anadarko Petroleum Corp. from $50.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, October 4th. Wells Fargo & Co. set a $70.00 price target on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a report on Friday, September 23rd. Finally, KLR Group reaffirmed a “buy” rating and issued a $93.00 price target (up from $85.00) on shares of Anadarko Petroleum Corp. in a report on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $69.11.

Anadarko Petroleum Corp. Company Profile

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.

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