Today: The Signaturefd LLC reached $122,000 position of Anadarko Petroleum Corp. (APC)

The Signaturefd LLC reached $122,000 position  of Anadarko Petroleum Corp. (APC)

Signaturefd LLC raised its stake in Anadarko Petroleum Corp. (NYSE:APC) by 11.0% during the second quarter, Holdings Channel reports. The fund owned 2,282 shares of the oil and gas development company’s stock after buying an additional 226 shares during the period. Signaturefd LLC’s holdings in Anadarko Petroleum Corp. were worth $122,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in APC. Adage Capital Partners GP L.L.C. boosted its position in shares of Anadarko Petroleum Corp. by 61.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 6,976,714 shares of the oil and gas development company’s stock valued at $324,906,000 after buying an additional 2,654,700 shares during the last quarter. Carmignac Gestion boosted its stake in shares of Anadarko Petroleum Corp. by 12.0% in the second quarter. Carmignac Gestion now owns 13,619,742 shares of the oil and gas development company’s stock worth $725,251,000 after buying an additional 1,458,674 shares in the last quarter. State Street Corp boosted its stake in shares of Anadarko Petroleum Corp. by 3.3% in the first quarter. State Street Corp now owns 24,813,542 shares of the oil and gas development company’s stock worth $1,155,576,000 after buying an additional 783,761 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Anadarko Petroleum Corp. by 148.3% in the first quarter. Nuveen Asset Management LLC now owns 509,798 shares of the oil and gas development company’s stock worth $23,741,000 after buying an additional 304,509 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Anadarko Petroleum Corp. by 8.4% in the second quarter. American Century Companies Inc. now owns 3,925,325 shares of the oil and gas development company’s stock worth $209,024,000 after buying an additional 304,248 shares in the last quarter. Institutional investors and hedge funds own 79.11% of the company’s stock.

Anadarko Petroleum Corp. (NYSE:APC) traded down 1.36% during mid-day trading on Monday, hitting $62.51. 3,816,964 shares of the stock traded hands. The company has a 50-day moving average of $59.62 and a 200 day moving average of $53.81. Anadarko Petroleum Corp. has a 1-year low of $28.16 and a 1-year high of $73.77. The firm’s market capitalization is $31.91 billion.

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

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 28th. Investors of record on Wednesday, September 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date was Monday, September 12th. Anadarko Petroleum Corp.’s payout ratio is -1.95%.

A number of brokerages have commented on APC. Iberia Capital reiterated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. JPMorgan Chase & Co. set a $70.00 price target on shares of Anadarko Petroleum Corp. and gave the company a “buy” rating in a research note on Saturday, September 17th. BMO Capital Markets reiterated a “hold” rating and issued a $55.00 price target on shares of Anadarko Petroleum Corp. in a research note on Wednesday, July 27th. Bank of America Corp. reiterated a “buy” rating and issued a $95.00 price target (up previously from $85.00) on shares of Anadarko Petroleum Corp. in a research note on Tuesday, June 21st. Finally, Barclays PLC increased their price target on shares of Anadarko Petroleum Corp. from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Friday, July 29th. 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’s stock. Anadarko Petroleum Corp. has an average rating of “Buy” and an average price target of $69.11.

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.

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