Investors are feeling more bullish of late if you consider the motion in short interest. The company had a fall in short interest between September 29, 2017 and October 13, 2017 of -10.90%. Short interest decreased 1,344,926 over that period. Days to cover decreased 0.0 to 2.0 and the short interest percentage is 0.02% as of October 13.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Artemis Investment Management Llp had bought 5,716 shares growing its holdings by 15.6%. The value of the investment in APC went from $1,658,000 to $2,066,000 increasing 24.6% quarter to quarter. Garrison Financial Corp added to its investment by buying 2,776 shares an increase of 6.6% in the quarter. Garrison Financial Corp claims 44,776 shares valued at $2,187,000. The value of the position overall is up by 14.9%.
As of quarter end Simplex Trading, LLC had acquired a total of 8,073 shares growing its position 11.0%. The value of the investment in (APC) increased from $3,335,000 to $3,988,000 a change of $653,000 for the reporting period. As of the end of the quarter Andra Ap-fonden had sold a total of 1,500 shares trimming its stake by 1.8%. The value of the investment in Anadarko Petroleum Corporation went from $3,809,000 to $4,030,000 a change of 5.8% since the last quarter.
On July 21 Citigroup maintained a company rating of “Buy” and moved down the price target from $81.00 to $60.00. July 25 investment analysts at Bank of America left the company rating at “Buy” but lowered the price expectation to $80.00 from $135.00.
On October 6 the company was set at “Overweight” according to a Atlantic Equities report up from the previous “Underweight” rating. October 11 investment analysts at Barclays held the stock rating at “Underweight” and lowered the price target to $37.00 from $42.00.
October 13 investment analysts at Citigroup held the company rating at “Buy” but lowered the price target from $60.00 to $58.00. On October 18 Morgan Stanley left the stock rating at “Equal-Weight” and lowered the price expectation from $81.00 to $55.00.
In the market the company is trading up from yesterday’s close of $49.37. Anadarko Petroleum Corporation declared a dividend paid on Wednesday the 27th of September 2017. The dividend was $0.050 per share for the quarter which comes to $0.20 on an annualized basis. This dividend represents a yield of $0.41 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Tuesday the 12th of September 2017.
It is currently trading at $49.37 barely above $47.70, the stock’s 50 day moving average and which is just over the 200 day moving average of $47.68. The 50 day moving average went up by +3.49% and the 200 day average went up by +3.55%.
As of the latest earnings report the EPS was $-3.84 and is estimated to be $-2.04 for the current year with 560,358,000 shares outstanding. Next quarter’s EPS is forecasted at $-0.19 with next year’s EPS projected to be $-0.60.
Anadarko Petroleum Corporation (Anadarko), launched on June 12, 1985, is an independent exploration and production company. The Company is involved in developing, acquiring, and exploring for oil and natural-gas resources. The Business’s segments include Oil and Gas Exploration and Production; Midstream, and Marketing. The Business’s geographical segments include the United States and International. The Oil and Gas Exploration and Production segment explores for and produces oil, condensate, natural gas and natural gas liquids (NGLs), and focuses on the development and operation of the Business’s liquefied natural gas (LNG) project in Mozambique. The Midstream segment engages in gathering, processing, treating and transporting Anadarko and third-party oil, natural-gas and NGLs production. The Marketing segment sells Anadarko’s oil, natural-gas and NGLs production, as well as third-party purchased volumes. As of December 31, 2016, the Company had approximately 1.7 billion barrels of oil equivalent (BOE) of proved reserves..