Trade Report: Today: Homrich & Berg invests in Anadarko Petroleum Corp. (APC) Shares

Today: Homrich & Berg invests in Anadarko Petroleum Corp. (APC) Shares

Homrich & Berg boosted its stake in shares of Anadarko Petroleum Corp. (NYSE:APC) by 1.7% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,752 shares of the oil and gas development company’s stock after buying an additional 79 shares during the period. Homrich & Berg’s holdings in Anadarko Petroleum Corp. were worth $301,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in APC. Arizona State Retirement System boosted its position in Anadarko Petroleum Corp. by 0.4% in the first quarter. Arizona State Retirement System now owns 137,826 shares of the oil and gas development company’s stock valued at $6,419,000 after buying an additional 600 shares during the last quarter. Seven Eight Capital LLC purchased a new position in Anadarko Petroleum Corp. during the first quarter valued at $412,000. Ladenburg Thalmann Financial Services Inc. boosted its position in Anadarko Petroleum Corp. by 2.8% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,751 shares of the oil and gas development company’s stock valued at $733,000 after buying an additional 435 shares during the last quarter. Park National Corp OH boosted 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 last quarter. Finally, Raymond James Trust N.A. boosted its position in Anadarko Petroleum Corp. by 6.1% in the second quarter. Raymond James Trust N.A. now owns 17,800 shares of the oil and gas development company’s stock valued at $948,000 after buying an additional 1,031 shares during the last quarter. 85.93% of the stock is currently owned by hedge funds and other institutional investors.

Anadarko Petroleum Corp. (NYSE:APC) traded down 1.21% during trading on Monday, reaching $62.98. 1,928,992 shares of the company’s stock traded hands. The company’s market cap is $35.20 billion. Anadarko Petroleum Corp. has a 12-month low of $28.16 and a 12-month high of $65.47. The company has a 50 day moving average price of $62.13 and a 200-day moving average price of $56.54.

Anadarko Petroleum Corp. (NYSE:APC) last posted 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 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 firm earned $1.89 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same period last year, the company earned ($0.72) EPS. The business’s quarterly revenue was up 12.1% on a year-over-year basis. On average, equities research analysts forecast that Anadarko Petroleum Corp. will post ($3.05) EPS for the current fiscal year.

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

APC has been the topic of several research analyst reports. Zacks Investment Research cut Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Jefferies Group restated a “buy” rating on shares of Anadarko Petroleum Corp. in a research note on Thursday, August 11th. Credit Suisse Group AG restated a “hold” rating and issued a $68.00 price objective on shares of Anadarko Petroleum Corp. in a research note on Monday, September 12th. Royal Bank Of Canada upped their price objective on Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 13th. Finally, Citigroup Inc. upped their price objective on Anadarko Petroleum Corp. from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average 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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