Trade Report: Today: Boston Financial Mangement LLC Reduces stake in Anadarko Petroleum Corp. (APC)

Today: Boston Financial Mangement LLC Reduces stake in Anadarko Petroleum Corp. (APC)

Boston Financial Mangement LLC decreased its stake in Anadarko Petroleum Corp. (NYSE:APC) by 20.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,797 shares of the oil and gas development company’s stock after selling 8,271 shares during the period. Boston Financial Mangement LLC’s holdings in Anadarko Petroleum Corp. were worth $2,078,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Argentus Capital Management LLC purchased a new position in shares of Anadarko Petroleum Corp. during the third quarter worth approximately $121,000. Financial Architects Inc boosted its position in shares of 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. Kanaly Trust Co boosted its position in shares of Anadarko Petroleum Corp. by 44.2% in the second quarter. Kanaly Trust Co now owns 2,004 shares of the oil and gas development company’s stock worth $107,000 after buying an additional 614 shares during the last quarter. Security National Trust Co. boosted its position in shares of 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 worth $114,000 after buying an additional 100 shares during the last quarter. Finally, Stelac Advisory Services LLC purchased a new position in shares of Anadarko Petroleum Corp. during the second quarter worth approximately $117,000. Hedge funds and other institutional investors own 85.93% of the company’s stock.

Anadarko Petroleum Corp. (NYSE:APC) traded down 0.97% during trading on Monday, hitting $63.13. 1,870,418 shares of the company’s stock traded hands. The stock’s market cap is $35.28 billion. The company’s 50 day moving average is $62.13 and its 200-day moving average is $56.54. 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 announced its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by $0.35. Anadarko Petroleum Corp. had a negative net margin of 50.51% and a negative return on equity of 10.73%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the firm earned ($0.72) EPS. Anadarko Petroleum Corp.’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, analysts predict that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current year.

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

A number of research analysts have recently commented on APC shares. Johnson Rice upgraded Anadarko Petroleum Corp. from an “accumulate” rating to a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research cut Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. Credit Suisse Group AG reiterated a “hold” rating and issued a $68.00 price target on shares of Anadarko Petroleum Corp. in a research note on Monday, September 12th. Guggenheim upgraded Anadarko Petroleum Corp. from a “neutral” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Friday, November 11th. Finally, Royal Bank Of Canada increased their price target on Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. Anadarko Petroleum Corp. presently has an average rating of “Buy” and a consensus target price of $68.48.

Anadarko Petroleum Corp. Company Profile

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