Economy

Sciencast Management LP Grows Position in Anadarko Petroleum Corporation (NYSE:APC)

Washington-based Rainier Investment Mgmt Ltd Liability Corp has invested 0.16% in Anadarko Petroleum Corporation (NYSE:APC).

Several brokerage analysts have weighed in on the stock. FNY Partners Fund LP raised its stake in Anadarko Petroleum Corporation by 2,900.0% in the 2nd quarter.

Other hedge funds have also recently modified their holdings of the company. Cleararc Capital Inc. now owns 13,687 shares of the oil and gas development company's stock valued at $849,000 after buying an additional 109 shares during the last quarter. Center Coast Capital Advisors, Lp now holds 365,204 shares with a value of $14,980,000. BlueCrest Capital Management Ltd now owns 58,860 shares of the oil and gas development company's stock worth $2,669,000 after buying an additional 40,269 shares during the period. Atlantic Trust Group LLC boosted its position in Anadarko Petroleum Corporation by 1.1% during the 1st quarter.

The counter witnessed a trading volume of 2.02 million shares versus an average volume of 1.97 million shares during last trading session. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.50 billion. CHASE ANTHONY R also bought $99,967 worth of Anadarko Petroleum Corporation (NYSE:APC) on Thursday, May 18. If you are viewing this report on another publication, it was illegally copied and republished in violation of United States and global copyright & trademark law. The legal version of this story can be accessed at https://weekherald.com/2017/10/17/anadarko-petroleum-corporation-apc-receives-daily-media-sentiment-rating-of-0-10.html.

October 11 investment analysts at Barclays left the stock rating at "Underweight" but lowered the price expectation from $42.00 to $37.00. Analysts have placed a $60.65 price target on Anadarko Petroleum Corporation, suggesting a 26.91% gain from recent close. Anadarko Petroleum Corporation had 102 analyst reports since July 21, 2015 according to SRatingsIntel. Royal Bank of Canada upped their target price on Anadarko Petroleum from $82.00 to $84.00 and gave the company an "outperform" rating in a research report on Friday, March 17th. Susquehanna starting coverage on APC by announcing an initial rating of "Positive". Stifel Nicolaus maintained Anadarko Petroleum Corporation (NYSE:APC) on Thursday, July 13 with "Buy" rating.

Anadarko Petroleum Corporation (NYSE:APC) appreciated by 0.13% at $47.79, after hitting low of $47.66 in an intra-day trade. FLUOR PETER J bought $1.04 million worth of stock. Anadarko Petroleum Corporation has a one year low of $39.96 and a one year high of $73.33. The firm's market cap is $26.86 billion. The share price has moved backward from its 20 days moving average, trading at a distance of -0.33% and stays 6.97% away from its 50 days moving average. Anadarko Petroleum Corporation (NYSE:APC) has risen 8.29% since October 16, 2016 and is uptrending. The oil and gas development company reported ($0.60) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative net margin of 19.31% and a negative return on equity of 9.71%. During the same period in the prior year, the business earned ($0.60) EPS. The institutional investor held 191,898 shares of the restaurants company at the end of 2017Q2, valued at $29.39 million, down from 383,010 at the end of the previous reported quarter. Equities research analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current fiscal year. Investors of record on Wednesday, September 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Tuesday, September 12th. Anadarko Petroleum's dividend payout ratio is now -3.37%.

Anadarko Petroleum Corporation announced that its Board of Directors has initiated a stock repurchase program on Wednesday, September 20th that authorizes the company to repurchase $2.50 billion in outstanding shares. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,980 shares of the oil and gas development company's stock worth $138,000 after buying an additional 200 shares during the last quarter. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued. Shares of Anadarko Petroleum Corporation are now valued at $47.79 with a furture target price of $60.82 according to research brokerages.



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