Waratah Capital Advisors Ltd. reduced its holdings in Anadarko Petroleum Co. (NYSE:APC) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,247 shares of the oil and gas development company’s stock after selling 65,240 shares during the period. Anadarko Petroleum comprises about 1.9% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 19th largest holding. Waratah Capital Advisors Ltd. owned approximately 0.06% of Anadarko Petroleum worth $16,373,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in Anadarko Petroleum by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,257,355 shares of the oil and gas development company’s stock worth $501,380,000 after acquiring an additional 619,056 shares in the last quarter. Boston Partners increased its position in Anadarko Petroleum by 20.5% in the 4th quarter. Boston Partners now owns 4,399,407 shares of the oil and gas development company’s stock worth $235,984,000 after purchasing an additional 748,309 shares during the last quarter. Bessemer Group Inc. increased its position in Anadarko Petroleum by 2.8% in the 4th quarter. Bessemer Group Inc. now owns 2,767,247 shares of the oil and gas development company’s stock worth $148,436,000 after purchasing an additional 74,461 shares during the last quarter. Legal & General Group Plc increased its position in Anadarko Petroleum by 1.3% in the 3rd quarter. Legal & General Group Plc now owns 2,739,511 shares of the oil and gas development company’s stock worth $133,823,000 after purchasing an additional 34,561 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Anadarko Petroleum by 2.5% in the 3rd 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 purchasing an additional 63,165 shares during the last quarter. 87.82% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the company. Macquarie raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Thursday, February 8th. Jefferies Group reaffirmed a “buy” rating and issued a $78.00 target price on shares of Anadarko Petroleum in a research report on Thursday, February 8th. Stifel Nicolaus set a $73.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Monday, January 29th. Scotiabank reaffirmed a “buy” rating and issued a $62.00 target price on shares of Anadarko Petroleum in a research report on Wednesday, November 1st. Finally, Zacks Investment Research lowered Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Anadarko Petroleum currently has an average rating of “Buy” and a consensus price target of $68.19.
Anadarko Petroleum Co. (NYSE:APC) opened at $59.18 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.03 and a current ratio of 1.73. The company has a market capitalization of $32,380.00, a PE ratio of -19.93, a PEG ratio of 4.43 and a beta of 1.42. Anadarko Petroleum Co. has a fifty-two week low of $39.96 and a fifty-two week high of $68.09.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. The business had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.90 billion. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The firm’s revenue for the quarter was up 22.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.50) EPS. analysts expect that Anadarko Petroleum Co. will post 1.35 earnings per share for the current year.
Anadarko Petroleum announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, February 7th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the oil and gas development company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 14th will be paid a dividend of $0.25 per share. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, March 13th. This represents a $1.00 annualized dividend and a yield of 1.69%. Anadarko Petroleum’s dividend payout ratio is presently -6.73%.
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About Anadarko Petroleum
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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