Honkamp Krueger Financial Services Inc. Has $622,000 Position in Anadarko Petroleum Corporation (NYSE:APC)

Honkamp Krueger Financial Services Inc. increased its stake in Anadarko Petroleum Corporation (NYSE:APC) by 1.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,721 shares of the oil and gas development company’s stock after buying an additional 135 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in Anadarko Petroleum Corporation were worth $622,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in APC. Clean Yield Group acquired a new position in shares of Anadarko Petroleum Corporation during the first quarter worth $105,000. Assetmark Inc. increased its position in shares of Anadarko Petroleum Corporation by 10.7% in the first quarter. Assetmark Inc. now owns 1,815 shares of the oil and gas development company’s stock worth $113,000 after buying an additional 176 shares during the period. Winch Advisory Services LLC increased its position in shares of Anadarko Petroleum Corporation by 501.9% in the first quarter. Winch Advisory Services LLC now owns 2,167 shares of the oil and gas development company’s stock worth $126,000 after buying an additional 1,807 shares during the period. Guardian Life Insurance Co. of America increased its position in shares of Anadarko Petroleum Corporation by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,156 shares of the oil and gas development company’s stock worth $134,000 after buying an additional 15 shares during the period. Finally, Financial Architects Inc increased its position in shares of Anadarko Petroleum Corporation by 31.6% in the first quarter. Financial Architects Inc now owns 2,290 shares of the oil and gas development company’s stock worth $142,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 84.56% of the company’s stock.

Shares of Anadarko Petroleum Corporation (NYSE APC) traded down 0.37% during mid-day trading on Friday, reaching $43.54. The company’s stock had a trading volume of 3,788,050 shares. The company’s 50-day moving average is $44.60 and its 200 day moving average is $55.50. The firm’s market cap is $24.40 billion. Anadarko Petroleum Corporation has a 12 month low of $42.58 and a 12 month high of $73.33.

Anadarko Petroleum Corporation (NYSE:APC) last announced its quarterly earnings data 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 net margin of 19.31% and a negative return on equity of 9.71%. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned ($0.60) EPS. The company’s quarterly revenue was up 41.8% compared to the same quarter last year. On average, equities analysts anticipate that Anadarko Petroleum Corporation will post ($2.11) EPS for the current 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 given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Tuesday, September 12th. Anadarko Petroleum Corporation’s dividend payout ratio (DPR) is -5.14%.

COPYRIGHT VIOLATION NOTICE: “Honkamp Krueger Financial Services Inc. Has $622,000 Position in Anadarko Petroleum Corporation (NYSE:APC)” was originally posted by BNB Daily and is the property of of BNB Daily. If you are viewing this piece of content on another site, it was illegally copied and republished in violation of US and international trademark and copyright laws. The original version of this piece of content can be viewed at https://www.baseball-news-blog.com/2017/08/14/anadarko-petroleum-corporation-nyseapc-position-increased-by-honkamp-krueger-financial-services-inc-updated.html.

APC has been the topic of several research reports. Bank of America Corporation reaffirmed a “buy” rating on shares of Anadarko Petroleum Corporation in a research report on Thursday, May 11th. Citigroup Inc. initiated coverage on Anadarko Petroleum Corporation in a research report on Thursday, June 29th. They issued a “positive” rating and a $60.00 target price on the stock. They noted that the move was a valuation call. Morgan Stanley downgraded Anadarko Petroleum Corporation from an “overweight” rating to an “equal weight” rating and set a $74.00 target price on the stock. in a research report on Wednesday, May 3rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $79.00 target price on shares of Anadarko Petroleum Corporation in a research report on Friday, May 26th. Finally, Wells Fargo & Company cut Anadarko Petroleum Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 3rd. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $69.73.

In other Anadarko Petroleum Corporation news, Director Anthony R. Chase bought 1,905 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,240,417.28. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Peter J. Fluor bought 20,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were acquired at an average cost 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 approximately $7,606,052.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 41,205 shares of company stock worth $2,136,700 in the last three months. Insiders own 0.45% of the company’s stock.

About Anadarko Petroleum Corporation

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.

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

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

Latest News

Leave a Reply