Economy

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.

ILLEGAL ACTIVITY NOTICE: "Ajo LP Takes Position in Anadarko Petroleum Co".

COPYRIGHT VIOLATION WARNING: This piece was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and global copyright law.

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.



Like this

loading...
loading...

Latest


28 September 2017
North Korean Diplomat Says Trump Has 'Declared War'
The five tech companies - Facebook, Amazon, Apple, Netflix and Alphabet - were down between 3.7 percent and 1.05 percent. And he ended his brief remarks by saying: "The question of who won't be around much longer will be answered then".

28 September 2017
Passenger dies in crash, driver under police guard
The brief pursuit that followed ended when the fleeing vehicle crashed on Scott Street, killing one of its passengers. Police say they attempted to pull over a auto around 6.45pm after receiving a complaint about the driving.

28 September 2017
Pakistan take on Sri Lanka in Abu Dhabi test today
Their opponents will be fellow sub-continenint nation Sri Lanka . "We are using those cricket bats which are prescribed in the law", he said.

28 September 2017
Integrated Device Technology Inc (IDTI) Upgraded at Zacks Investment Research
Investors are feeling more bearish on Integrated Device Technology, I recently if you watch the rise in short interest. With 1.35M avg volume, 3 days are for Brunswick Corporation (NYSE:BC)'s short sellers to cover BC's short positions.

28 September 2017
Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Nicholas Investment Partners LP
Intuitive Surgical , Inc.is in the Healthcare. (NASDAQ:ISRG) has "Outperform" rating given on Thursday, October 13 by Wells Fargo. BidaskClub lowered Intuitive Surgical from a "strong-buy" rating to a " buy" rating in a research report on Tuesday, June 13th.

28 September 2017
SORL Auto Parts, Inc. (NASDAQ:SORL) Dips Under Moving Averages
Among 26 analysts covering Advance Auto Parts Inc . (NYSE: AAP ) is another stock that is grabbing investors attention these days. It is negative, as 10 investors sold CSU shares while 39 reduced holdings. 39 funds opened positions while 73 raised stakes.

28 September 2017
Canadian stocks higher, loonie lower as Poloz dials back hawkishness
Although we are convinced that the economy has made significant progress, we can not know exactly how far from the goal. The next announcement from the central bank about its monetary policy is scheduled for 25 October.

28 September 2017
Alnylam Pharmaceuticals Sees Unusually Large Options Volume (ALNY)
Now we see the performance from the period beginning the first day of the current calendar or fiscal year up to the current date. The stock price is showing encouraging image with current supportive move of 2.54% at trading price of $54.12.

28 September 2017
Auburn suspends coach accused of taking bribe
Kim said Person told players that the financial adviser, who was a cooperating witness with the U.S. University issues statement in response to allegations against associate head coach Chuck Person.

28 September 2017
Earnings Analysis Of Molson Coors Brewing Company
A month ago, they told us to expect earnings of US$0.54 per share while three months ago their EPS consensus estimate was US$0.94. Always volatility measures make charm for active trader; price volatility of stock was 1.69% for a week and 1.44% for a month.