Today The Wrapmanager Inc. Has $1,990,000 Stake in Anadarko Petroleum Corporation (APC)

Today The Wrapmanager Inc. Has $1,990,000 Stake in Anadarko Petroleum Corporation (APC)

Wrapmanager Inc. boosted its stake in Anadarko Petroleum Corporation (NYSE:APC) by 1.6% during the fourth quarter, Holdings Channel reports. The firm owned 28,544 shares of the oil and gas development company’s stock after buying an additional 452 shares during the period. Anadarko Petroleum Corporation accounts for 0.8% of Wrapmanager Inc.’s portfolio, making the stock its 28th largest position. Wrapmanager Inc.’s holdings in Anadarko Petroleum Corporation were worth $1,990,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC purchased a new stake in Anadarko Petroleum Corporation during the second quarter valued at about $117,000. Argentus Capital Management LLC purchased a new stake in Anadarko Petroleum Corporation during the third quarter valued at about $121,000. Global X Management Co. LLC raised its stake in Anadarko Petroleum Corporation by 182.7% in the third quarter. Global X Management Co. LLC now owns 1,914 shares of the oil and gas development company’s stock valued at $121,000 after buying an additional 1,237 shares during the period. Signaturefd LLC raised its stake in Anadarko Petroleum Corporation by 11.0% in the second quarter. Signaturefd LLC now owns 2,282 shares of the oil and gas development company’s stock valued at $122,000 after buying an additional 226 shares during the period. Finally, Balentine LLC raised its stake in Anadarko Petroleum Corporation by 1,026.0% in the third quarter. Balentine LLC now owns 2,252 shares of the oil and gas development company’s stock valued at $143,000 after buying an additional 2,052 shares during the period. Hedge funds and other institutional investors own 86.89% of the company’s stock.

Anadarko Petroleum Corporation (NYSE:APC) traded down 0.04% during trading on Wednesday, reaching $71.15. 797,275 shares of the company’s stock were exchanged. Anadarko Petroleum Corporation has a 52 week low of $33.52 and a 52 week high of $73.33. The firm’s market capitalization is $39.77 billion. The stock has a 50-day moving average price of $70.62 and a 200 day moving average price of $61.67.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings results on Monday, October 31st. The oil and gas development company reported ($0.89) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $0.35. The company earned $1.89 billion during the quarter, compared to analysts’ expectations of $2.19 billion. Anadarko Petroleum Corporation had a negative net margin of 50.51% and a negative return on equity of 10.73%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.72) earnings per share. Equities research analysts forecast that Anadarko Petroleum Corporation will post ($3.04) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 28th. Shareholders of record on Wednesday, December 14th were paid a $0.05 dividend. The ex-dividend date was Monday, December 12th. This represents a $0.20 annualized dividend and a yield of 0.28%. Anadarko Petroleum Corporation’s dividend payout ratio is currently -2.68%.

APC has been the subject of several analyst reports. Credit Suisse Group restated a “buy” rating and issued a $77.00 target price on shares of Anadarko Petroleum Corporation in a report on Monday, December 19th. Ladenburg Thalmann initiated coverage on shares of Anadarko Petroleum Corporation in a report on Monday, December 19th. They issued a “buy” rating and a $85.00 target price for the company. Vetr lowered shares of Anadarko Petroleum Corporation from a “strong-buy” rating to a “buy” rating and set a $80.00 target price for the company. in a report on Tuesday, December 13th. Stifel Nicolaus upgraded shares of Anadarko Petroleum Corporation from a “hold” rating to a “buy” rating and raised their target price for the stock from $63.00 to $86.00 in a report on Thursday, December 1st. Finally, Guggenheim upgraded shares of Anadarko Petroleum Corporation from a “neutral” rating to a “buy” rating and set a $80.00 target price for the company in a report on Friday, November 11th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $73.27.

About Anadarko Petroleum Corporation

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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