Ajo LP Takes Position in Anadarko Petroleum Co. (APC)

Rafferty Asset Management Llc acquired 7,883 shares as Anadarko Pete Corp (APC)'s stock declined 20.17%.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -10.79%, and has a solid year to date (YTD) performance of -28.47% which means that the stock is constantly adding to its value from the previous fiscal year end price.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of Anadarko Petroleum Corporation by 1.8% in the first quarter. Bienville Capital Management LLC now owns 5,840 shares of the oil and gas development company's stock valued at $265,000 after purchasing an additional 112 shares in the last quarter. The Rafferty Asset Management Llc holds 28,683 shares with $1.30 million value, up from 20,800 last quarter. Bank of New York Mellon Corp now owns 7,210,248 shares of the oil and gas development company's stock valued at $447,035,000 after purchasing an additional 128,487 shares during the period. IBERIA Capital Partners maintained Anadarko Petroleum Corporation (NYSE:APC) on Monday, November 2 with "Outperform" rating. This buyback authorization allows the oil and gas development company to reacquire up to 10% of its stock through open market purchases. Finally, Citigroup Inc. started coverage on Anadarko Petroleum Corporation in a research note on Thursday, June 29th. Finally, Capital One National Association lifted its stake in shares of Anadarko Petroleum by 18.4% in the 1st quarter. Fifth Third Bancorp now owns 2,687 shares of the oil and gas development company's stock worth $167,000 after buying an additional 680 shares during the period.

A number of research firms have weighed in on APC. Benchmark initiated the stock with "Buy" rating in Tuesday, August 29 report. BidaskClub raised Anadarko Petroleum Corporation from a "strong sell" rating to a "sell" rating in a research report on Wednesday, June 14th. Jefferies Group LLC set a $62.00 price target on shares of Anadarko Petroleum Corporation and gave the company a "buy" rating in a research note on Monday, August 28th.

Ratings analysis reveals 60% of Anadarko Petroleum's analysts are positive.

Among 38 analysts covering Anadarko Petroleum Corporation (NYSE:APC), 30 have Buy rating, 2 Sell and 6 Hold. The company has an average rating of "Buy" and a consensus target price of $70.08.

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Brokerage houses, on average, are recommending investors to buy Anadarko Petroleum Corporation (APC)'s shares projecting a $60.48 target price. The ERP5 of Marathon Petroleum Corporation (NYSE:MPC) is 6654. In terms of moving averages, the 200-day is now at 56.32, the 50-day is 43.36, and the 7-day is resting at 42.93. The firm has "Equal-Weight" rating by Barclays Capital given on Wednesday, February 3. In this case, shares are down -31.98% from $73.33, the 52-week high touched on December 12, 2016, but are collecting gains at -14.79% for the past 12 months.

Relative Strength Index (RSI) for Anadarko Petroleum Corporation (APC) is at 78.59. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Zacks' consensus estimate of ($0.35) by ($0.42). The company has market cap of $2.33 billion. The business's revenue for the quarter was up 41.8% compared to the same quarter a year ago. During the same quarter in the previous year, the company earned ($0.60) EPS. During the key period of last 5 years, Anadarko Petroleum Corporation (NYSE:APC) sales have annually surged -9.60% on average, however its earnings per share growth remained at -2.10%. Company shares last traded at $39.70 which is marginally over the 50 day moving average of $37.17 and which is marginally higher than the 200 day moving average of $37.17. Stock repurchase programs are generally an indication that the company's board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Stockholders of record on Wednesday, September 13th will be paid a $0.05 dividend. The ex-dividend date is Tuesday the 12th of September 2017. The dividend yield will be $0.46.

Carmignac Gestion decreased its stake in Anadarko Petroleum Corp (Prn) (Put) (APC) by 66.67% based on its latest 2017Q2 regulatory filing with the SEC. Carmignac Gestion who had been investing in Anadarko Petroleum Corp (Prn) (Put) for a number of months, seems to be less bullish one the $27.47B market cap company. Company's return on equity, which is really just the product of the company's profit margin, asset turnover, and financial leverage ratios, is 0.50%, which is worse than the Independent Oil & Gas industry average ROE. The Midstream segment engages in gathering, processing, treating and transporting Anadarko and third-party oil, natural-gas and NGLs production.

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