Today, Bank of New York Mellon Corp invests in Anadarko Petroleum Corp. (APC) Shares

Today, Bank of New York Mellon Corp invests in Anadarko Petroleum Corp. (APC) Shares

Bank of New York Mellon Corp increased its position in Anadarko Petroleum Corp. (NYSE:APC) by 4.5% during the third quarter, Holdings Channel reports. The firm owned 5,061,080 shares of the oil and gas development company’s stock after buying an additional 217,312 shares during the period. Bank of New York Mellon Corp’s holdings in Anadarko Petroleum Corp. were worth $320,669,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APC. Argentus Capital Management LLC bought a new position in shares of Anadarko Petroleum Corp. during the third quarter worth about $121,000. Financial Architects Inc increased its stake 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 increased its stake 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. increased its stake 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 acquired a new stake in shares of Anadarko Petroleum Corp. during the second quarter worth $117,000. Institutional investors own 85.93% of the company’s stock.

Anadarko Petroleum Corp. (NYSE:APC) opened at 62.00 on Tuesday. The firm has a 50-day moving average price of $62.09 and a 200-day moving average price of $56.77. Anadarko Petroleum Corp. has a 52 week low of $28.16 and a 52 week high of $65.47. The company’s market capitalization is $34.65 billion.

Anadarko Petroleum Corp. (NYSE:APC) last released its 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 firm earned $1.89 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned ($0.72) earnings per share. Anadarko Petroleum Corp.’s revenue was up 12.1% on a year-over-year basis. Analysts anticipate that Anadarko Petroleum Corp. will post ($3.05) EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 28th. Shareholders 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 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 brokerages have weighed in on APC. JPMorgan Chase & Co. set a $70.00 target price on Anadarko Petroleum Corp. and gave the stock a “buy” rating in a report on Saturday, September 17th. Zacks Investment Research downgraded Anadarko Petroleum Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 10th. Credit Suisse Group AG reiterated a “hold” rating and issued a $68.00 target price on shares of Anadarko Petroleum Corp. in a report on Monday, September 12th. Royal Bank Of Canada lifted their target price on Anadarko Petroleum Corp. from $66.00 to $70.00 and gave the stock an “outperform” rating in a report on Tuesday, September 13th. Finally, Johnson Rice upgraded Anadarko Petroleum Corp. from an “accumulate” rating to a “buy” rating in a report on Tuesday, September 13th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $68.48.

Anadarko Petroleum Corp. Company Profile

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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