Trade Report: Today: Homrich & Berg Buys 79 Shares of Anadarko Petroleum Corp. (APC)

Today: Homrich & Berg Buys 79 Shares of Anadarko Petroleum Corp. (APC)

Homrich & Berg boosted its position in Anadarko Petroleum Corp. (NYSE:APC) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Anadarko Petroleum Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 33,101,715 shares of the oil and gas development company’s stock worth $1,762,666,000 after buying an additional 766,770 shares in the last quarter. 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 worth $1,396,859,000 after buying an additional 819,854 shares in the last quarter. Carmignac Gestion increased its stake in Anadarko Petroleum Corp. by 2.4% in the third quarter. Carmignac Gestion now owns 13,944,742 shares of the oil and gas development company’s stock worth $883,539,000 after buying an additional 325,000 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Anadarko Petroleum Corp. by 2.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 13,654,074 shares of the oil and gas development company’s stock worth $727,079,000 after buying an additional 265,647 shares in the last quarter. Finally, 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 worth $490,564,000 after buying an additional 9,204,039 shares in the last quarter. 85.93% of the stock is owned by institutional investors and hedge funds.

Anadarko Petroleum Corp. (NYSE:APC) traded down 1.24% during mid-day trading on Monday, hitting $62.96. The company had a trading volume of 1,929,396 shares. Anadarko Petroleum Corp. has a 1-year low of $28.16 and a 1-year high of $65.47. The firm’s market capitalization is $35.19 billion. The company has a 50 day moving average of $62.13 and a 200 day moving average of $56.54.

Anadarko Petroleum Corp. (NYSE:APC) last announced its quarterly earnings data on Monday, October 31st. The oil and gas development company reported ($0.89) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $0.35. The firm earned $1.89 billion during 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 firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.72) EPS. Analysts predict that Anadarko Petroleum Corp. will post ($3.05) earnings per share for the current fiscal year.

The business 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Monday, December 12th. Anadarko Petroleum Corp.’s dividend payout ratio is presently -2.68%.

APC has been the subject of a number of recent research reports. Royal Bank Of Canada raised their target price on Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 13th. lifted their price target on Anadarko Petroleum Corp. from $58.00 to $60.00 and gave the company an “underperform” rating in a research report on Wednesday, September 14th. Deutsche Bank AG lifted their price target on Anadarko Petroleum Corp. from $60.00 to $64.00 and gave the company a “hold” rating in a research report on Thursday, September 15th. 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 report on Friday, November 11th. Finally, Wells Fargo & Co. set a $70.00 price target on Anadarko Petroleum Corp. and gave the company a “buy” rating in a research report on Friday, September 23rd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. Anadarko Petroleum Corp. currently has an average 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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