On 5/15/2018 NYSE:APC - Anadarko Petroleum announced a quarterly dividend of $0.25 1.45% with an ex dividend date of which will be payable on 6/27/2018. The lowest sales estimate is $2.54 billion and the highest is $3.21 billion.
At the end of 03/31/2018 reporting period, 352 institutional holders increased their position in Anadarko Petroleum Corporation (NYSE:APC) by some 39,703,735 shares, 395 decreased positions by 49,242,531 and 161 held positions by 377,664,166. The business is scheduled to report its next earnings results after the market closes on Tuesday, May 1st. The business's revenue for the quarter was down 19.2% compared to the same quarter a year ago. The oil and gas development company reported $0.52 EPS for the quarter, beating the Zacks' consensus estimate of $0.43 by $0.09. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.14 billion. Pinebridge Invs Limited Partnership holds 0.08% in Anadarko Petroleum Corporation (NYSE:APC) or 55,781 shares. The business's revenue for the quarter was down 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.60) earnings per share.
Analysts await Bassett Furniture Industries, Incorporated (NASDAQ:BSET) to report earnings on July, 5. Finally, HM Payson & Co. grew its position in shares of Anadarko Petroleum by 17.6% during the fourth quarter. Stifel Nicolaus maintained the shares of APC in report on Wednesday, March 28 with "Buy" rating. They noted that the move was a valuation call. On Tuesday, January 30 Jefferies maintained the shares of APC in report with "Buy" rating. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eighteen have given a buy rating to the stock. The company has an average rating of "Buy" and a consensus price target of $67.47. Adage Capital Partners Gp Llc sold 654,900 shares as the company's stock rose 14.87% while stock markets declined. It also increased its holding in Burlington Stores Inc (NYSE:BURL) by 931,995 shares in the quarter, for a total of 1.91M shares, and has risen its stake in Berry Global Group Inc (NYSE:BERY). Moreover, Wunderlich Cap Managemnt has 0.81% invested in Anadarko Petroleum Corporation (NYSE:APC) for 21,713 shares. Geode Capital Management LLC now owns 5,382,643 shares of the oil and gas development company's stock worth $288,074,000 after acquiring an additional 48,739 shares in the last quarter. Boston Partners lifted its stake in Anadarko Petroleum by 20.5% during the 4th quarter.
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. Cambridge Investment Research Advisors Inc. now owns 16,569 shares of the oil and gas development company's stock valued at $889,000 after purchasing an additional 2,789 shares in the last quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company's stock worth $126,152,000 after acquiring an additional 63,165 shares in the last quarter.
Institutional investors now hold around $32.29 billion or 93.1% in APC stock.
NYSE:APC traded up $0.29 during trading hours on Monday, hitting $66.78. The company's stock had a trading volume of 291,792 shares, compared to its average volume of 5,363,191. Tph Asset Mngmt Limited Liability Company reported 1.28% stake. The company has market cap of $36.04 billion. Anadarko Petroleum Corporation has $109 highest and $4 lowest target.
A number of research firms recently weighed in on APC. Investors of record on Wednesday, June 13th will be paid a $0.25 dividend. The ex-dividend date was Tuesday, March 13th. Raymond James Tru Na has invested 0.05% in Anadarko Petroleum Corporation (NYSE:APC). The board of directors will determine dividends on a quarterly basis.
The amount of future dividends for Anadarko common stock will depend on earnings, financial condition, capital requirements and other factors. Xact Kapitalforvaltning AB grew its position in shares of Anadarko Petroleum by 14.3% during the fourth quarter. Zacks Investment Research upgraded Anadarko Petroleum from a "hold" rating to a "buy" rating and set a $65.00 price target for the company in a research note on Wednesday, February 14th. Stock repurchase plans are typically a sign that the company's leadership believes its shares are undervalued.
This repurchase authorization authorizes the oil and gas development company to repurchase shares of its stock through open market purchases. It operates through three segments: Exploration and Production, WES Midstream, and Other Midstream. The company explores for and produces oil, natural gas, and natural gas liquids (NGLs).