Cowen Inc. raised its position in shares of Anadarko Petroleum Corporation (NYSE:APC) by 1,549.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 137,700 shares of the oil and gas development company’s stock after acquiring an additional 147,200 shares during the period. Cowen Inc.’s holdings in Anadarko Petroleum were worth $6,726,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Fis Group Inc. acquired a new position in shares of Anadarko Petroleum during the third quarter valued at about $107,000. Stelac Advisory Services LLC acquired a new position in shares of Anadarko Petroleum during the third quarter valued at about $107,000. FNY Partners Fund LP raised its position in shares of Anadarko Petroleum by 2,900.0% during the second quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,900 shares during the last quarter. Sun Life Financial INC raised its position in shares of Anadarko Petroleum by 1,363.4% during the second quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,795 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC raised its position in shares of Anadarko Petroleum by 12.5% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after buying an additional 402 shares during the last quarter. Institutional investors own 87.53% of the company’s stock.
Shares of Anadarko Petroleum Corporation (NYSE:APC) opened at $47.11 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. Anadarko Petroleum Corporation has a fifty-two week low of $39.96 and a fifty-two week high of $73.33.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share 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 for the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted ($0.89) EPS. The business’s quarterly revenue was up 31.9% on a year-over-year basis. equities analysts expect that Anadarko Petroleum Corporation will post -2.24 earnings per share for the current fiscal year.
Anadarko Petroleum announced that its board has approved a stock buyback plan on Wednesday, September 20th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the oil and gas development company to repurchase up to 10% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, December 12th. This represents a $0.20 annualized dividend and a dividend yield of 0.42%. Anadarko Petroleum’s dividend payout ratio (DPR) is currently -5.63%.
A number of research analysts have recently commented on the stock. Scotiabank set a $62.00 price objective on shares of Anadarko Petroleum and gave the company a “buy” rating in a research report on Saturday, November 25th. Barclays upped their price objective on shares of Anadarko Petroleum from $37.00 to $39.00 and gave the company an “underweight” rating in a research report on Monday, November 20th. BMO Capital Markets raised shares of Anadarko Petroleum from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $53.00 to $57.00 in a research report on Friday, November 17th. Stifel Nicolaus cut their price objective on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Finally, Morgan Stanley set a $55.00 price objective on shares of Anadarko Petroleum and gave the company a “hold” rating in a research report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $67.18.
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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.
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