Today, Anadarko Petroleum Corp. (APC) Position Boosted by Gulf International Bank UK Ltd

Today, Anadarko Petroleum Corp. (APC) Position Boosted by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd raised its stake in Anadarko Petroleum Corp. (NYSE:APC) by 12.3% during the third quarter, Holdings Channel reports. The institutional investor owned 168,534 shares of the oil and gas development company’s stock after buying an additional 18,404 shares during the period. Gulf International Bank UK Ltd’s holdings in Anadarko Petroleum Corp. were worth $10,678,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Dodge & Cox increased its stake in Anadarko Petroleum Corp. by 109,259.7% in the second quarter. Dodge & Cox now owns 9,212,463 shares of the oil and gas development company’s stock valued at $490,564,000 after buying an additional 9,204,039 shares in the last quarter. Carmignac Gestion increased its stake in 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 valued at $725,251,000 after buying an additional 1,458,674 shares in the last quarter. Bessemer Group Inc. increased its stake in Anadarko Petroleum Corp. by 63,117.7% in the second quarter. Bessemer Group Inc. now owns 1,063,322 shares of the oil and gas development company’s stock valued at $56,622,000 after buying an additional 1,061,640 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in Anadarko Petroleum Corp. during the second quarter valued at approximately $50,924,000. Finally, FMR LLC increased its stake in Anadarko Petroleum Corp. by 3.2% in the second quarter. FMR LLC now owns 26,232,093 shares of the oil and gas development company’s stock valued at $1,396,859,000 after buying an additional 819,854 shares in the last quarter. 85.93% of the stock is owned by institutional investors.

Shares of Anadarko Petroleum Corp. (NYSE:APC) traded down 2.75% during mid-day trading on Monday, reaching $62.00. 4,052,483 shares of the company’s stock traded hands. The company has a 50 day moving average of $62.13 and a 200 day moving average of $56.54. The company’s market cap is $34.65 billion. Anadarko Petroleum Corp. has a 12 month low of $28.16 and a 12 month high of $65.47.

Anadarko Petroleum Corp. (NYSE:APC) last released its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $0.35. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.19 billion. Anadarko Petroleum Corp. had a negative return on equity of 10.73% and a negative net margin of 50.51%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.72) earnings per share. Analysts expect that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Investors of record on Wednesday, December 14th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.31%. The ex-dividend date is Monday, December 12th. Anadarko Petroleum Corp.’s payout ratio is presently -2.68%.

APC has been the subject of several recent research reports. Johnson Rice raised shares of Anadarko Petroleum Corp. from an “accumulate” rating to a “buy” rating in a research report on Tuesday, September 13th. Zacks Investment Research downgraded shares of Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $68.00 price objective on shares of Anadarko Petroleum Corp. in a report on Monday, September 12th. Guggenheim raised 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. Finally, Royal Bank Of Canada upped their price objective on shares of Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $68.48.

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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