Dai Ichi Life Insurance Company Ltd Has $5.86 Million Stake in Anadarko Petroleum Corporation (APC)

Dai Ichi Life Insurance Company Ltd increased its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 83.3% during the first quarter, Holdings Channel reports. The firm owned 94,440 shares of the oil and gas development company’s stock after buying an additional 42,912 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in Anadarko Petroleum Corporation were worth $5,855,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Prudential PLC raised its stake in shares of Anadarko Petroleum Corporation by 11.0% in the fourth quarter. Prudential PLC now owns 1,041,993 shares of the oil and gas development company’s stock worth $72,658,000 after buying an additional 103,200 shares during the period. Honkamp Krueger Financial Services Inc. ADV bought a new stake in shares of Anadarko Petroleum Corporation during the fourth quarter worth about $944,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Anadarko Petroleum Corporation by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 53,874 shares of the oil and gas development company’s stock worth $3,757,000 after buying an additional 485 shares during the period. Private Advisor Group LLC bought a new stake in shares of Anadarko Petroleum Corporation during the fourth quarter worth about $340,000. Finally, Baird Financial Group Inc. raised its stake in shares of Anadarko Petroleum Corporation by 48.3% in the fourth quarter. Baird Financial Group Inc. now owns 15,787 shares of the oil and gas development company’s stock worth $1,101,000 after buying an additional 5,141 shares during the period. Institutional investors and hedge funds own 85.79% of the company’s stock.

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

Shares of Anadarko Petroleum Corporation (NYSE APC) opened at 46.70 on Tuesday. Anadarko Petroleum Corporation has a 1-year low of $45.84 and a 1-year high of $73.33. The firm’s market capitalization is $26.17 billion. The company’s 50-day moving average is $50.91 and its 200 day moving average is $62.27.

Anadarko Petroleum Corporation (NYSE:APC) last issued its quarterly earnings results on Tuesday, May 2nd. The oil and gas development company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.26) by $0.34. Anadarko Petroleum Corporation had a negative return on equity of 8.94% and a negative net margin of 23.64%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $2.64 billion. On average, analysts expect that Anadarko Petroleum Corporation will post ($0.77) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 14th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Monday, June 12th. Anadarko Petroleum Corporation’s dividend payout ratio is -4.45%.

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A number of equities research analysts have recently issued reports on APC shares. Instinet restated a “buy” rating and issued a $82.00 target price on shares of Anadarko Petroleum Corporation in a research note on Wednesday, March 8th. Cowen and Company set a $86.00 price objective on shares of Anadarko Petroleum Corporation and gave the company a “buy” rating in a research report on Wednesday, March 8th. Citigroup Inc. reaffirmed a “buy” rating and set a $85.00 price objective (up previously from $82.00) on shares of Anadarko Petroleum Corporation in a research report on Saturday, March 11th. Royal Bank Of Canada boosted their price objective on shares of Anadarko Petroleum Corporation from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, March 17th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $62.00 price objective on shares of Anadarko Petroleum Corporation in a research report on Wednesday, March 22nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Anadarko Petroleum Corporation currently has a consensus rating of “Buy” and an average price target of $77.04.

In other Anadarko Petroleum Corporation news, Director Peter J. Fluor purchased 20,000 shares of the stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $51.83 per share, for a total transaction of $1,036,600.00. Following the transaction, the director now directly owns 146,750 shares in the company, valued at $7,606,052.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony R. Chase purchased 1,905 shares of the stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of $52.48 per share, with a total value of $99,974.40. Following the transaction, the director now owns 23,636 shares in the company, valued at $1,240,417.28. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 41,205 shares of company stock valued at $2,136,700. 0.45% of the stock is owned by corporate insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “APC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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