Koshinski Asset Management Inc. Buys New Stake in Anadarko Petroleum Co. (APC)

Koshinski Asset Management Inc. bought a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 12,128 shares of the oil and gas development company’s stock, valued at approximately $651,000.

Other institutional investors also recently added to or reduced their stakes in the company. Reinhart Partners Inc. acquired a new position in shares of Anadarko Petroleum during the 3rd quarter valued at $345,000. Virtu KCG Holdings LLC lifted its position in shares of Anadarko Petroleum by 34.5% during the 2nd quarter. Virtu KCG Holdings LLC now owns 109,782 shares of the oil and gas development company’s stock valued at $4,978,000 after acquiring an additional 28,135 shares during the period. Artemis Investment Management LLP lifted its position in shares of Anadarko Petroleum by 15.6% during the 3rd quarter. Artemis Investment Management LLP now owns 42,281 shares of the oil and gas development company’s stock valued at $2,066,000 after acquiring an additional 5,716 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Anadarko Petroleum by 2.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock valued at $126,152,000 after acquiring an additional 63,165 shares during the period. Finally, Adams Natural Resources Fund Inc. acquired a new position in shares of Anadarko Petroleum during the 3rd quarter valued at $8,358,000. Institutional investors own 87.84% of the company’s stock.

Shares of Anadarko Petroleum Co. (NYSE APC) opened at $58.29 on Friday. Anadarko Petroleum Co. has a one year low of $39.96 and a one year high of $71.97. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 1.11. The stock has a market cap of $32,265.89, a price-to-earnings ratio of -16.42 and a beta of 1.38.

Anadarko Petroleum (NYSE:APC) last posted its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the previous year, the company earned ($0.89) EPS. The business’s revenue was up 31.9% compared to the same quarter last year. research analysts expect that Anadarko Petroleum Co. will post -2.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were paid a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.34%. Anadarko Petroleum’s payout ratio is -5.63%.

A number of analysts have commented on the stock. Scotiabank set a $62.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a research note on Saturday, November 25th. Atlantic Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $49.05 to $62.00 in a research note on Friday, October 6th. Morgan Stanley set a $55.00 price target on shares of Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus decreased their price target on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research note on Wednesday, November 1st. Finally, Jefferies Group restated a “buy” rating and set a $57.00 price target on shares of Anadarko Petroleum in a research note on Tuesday, October 10th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $65.00.

ILLEGAL ACTIVITY NOTICE: “Koshinski Asset Management Inc. Buys New Stake in Anadarko Petroleum Co. (APC)” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://www.tickerreport.com/banking-finance/3145438/koshinski-asset-management-inc-buys-new-stake-in-anadarko-petroleum-co-apc.html.

Anadarko Petroleum 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.

Want to see what other hedge funds are holding APC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Anadarko Petroleum Co. (NYSE:APC).

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

Receive News & Ratings for Anadarko Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anadarko Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


© 2006-2018 Ticker Report. Google+.