Comerica Bank Has $7.58 Million Position in Anadarko Petroleum Corporation (APC)

Comerica Bank reduced its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,496 shares of the oil and gas development company’s stock after selling 2,300 shares during the period. Comerica Bank’s holdings in Anadarko Petroleum Corporation were worth $7,581,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quantitative Investment Management LLC raised its position in Anadarko Petroleum Corporation by 1,683.1% in the first quarter. Quantitative Investment Management LLC now owns 148,000 shares of the oil and gas development company’s stock worth $9,176,000 after buying an additional 139,700 shares during the period. Homrich & Berg raised its position in Anadarko Petroleum Corporation by 46.2% in the first quarter. Homrich & Berg now owns 9,045 shares of the oil and gas development company’s stock worth $561,000 after buying an additional 2,857 shares during the period. Amalgamated Bank raised its position in Anadarko Petroleum Corporation by 8.9% in the first quarter. Amalgamated Bank now owns 34,693 shares of the oil and gas development company’s stock worth $2,151,000 after buying an additional 2,829 shares during the period. Airain ltd raised its position in Anadarko Petroleum Corporation by 135.9% in the first quarter. Airain ltd now owns 70,968 shares of the oil and gas development company’s stock worth $4,400,000 after buying an additional 40,878 shares during the period. Finally, Rafferty Asset Management LLC raised its position in Anadarko Petroleum Corporation by 134.7% in the first quarter. Rafferty Asset Management LLC now owns 20,800 shares of the oil and gas development company’s stock worth $1,290,000 after buying an additional 11,937 shares during the period. Institutional investors own 84.40% of the company’s stock.

Anadarko Petroleum Corporation (APC) opened at 42.17 on Monday. The stock’s market capitalization is $23.63 billion. The firm’s 50-day moving average is $44.29 and its 200-day moving average is $54.51. Anadarko Petroleum Corporation has a 12 month low of $41.22 and a 12 month high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last released its earnings results on Monday, July 24th. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.35) by $0.42. Anadarko Petroleum Corporation had a negative return on equity of 9.71% and a negative net margin of 19.31%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business earned ($0.60) EPS. The business’s revenue for the quarter was up 41.8% on a year-over-year basis. On average, equities analysts expect that Anadarko Petroleum Corporation will post ($2.12) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 27th. Shareholders of record on Wednesday, September 13th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, September 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.47%. Anadarko Petroleum Corporation’s payout ratio is -5.14%.

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APC has been the subject of a number of analyst reports. Citigroup Inc. cut their price objective on shares of Anadarko Petroleum Corporation from $85.00 to $60.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Jefferies Group LLC set a $62.00 target price on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Tuesday, June 6th. Stifel Nicolaus reiterated a “buy” rating and set a $81.00 target price (up from $77.00) on shares of Anadarko Petroleum Corporation in a research report on Friday, May 12th. Barclays PLC lowered shares of Anadarko Petroleum Corporation from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $52.00 to $42.00 in a research report on Wednesday, June 14th. Finally, BidaskClub upgraded shares of Anadarko Petroleum Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 4th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $69.73.

Anadarko Petroleum Corporation Company Profile

Anadarko Petroleum Corporation (Anadarko) is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. The Company’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Company’s geographical segments include the United States and International.

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Institutional Ownership by Quarter for Anadarko Petroleum Corporation (NYSE:APC)

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