Tredje AP fonden boosted its position in Anadarko Petroleum (NYSE:APC) by 3.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,695 shares of the oil and gas development company’s stock after purchasing an additional 1,340 shares during the quarter. Tredje AP fonden’s holdings in Anadarko Petroleum were worth $2,821,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in APC. Boston Partners boosted its stake in Anadarko Petroleum by 63.1% in the 1st quarter. Boston Partners now owns 7,176,573 shares of the oil and gas development company’s stock valued at $433,537,000 after purchasing an additional 2,777,166 shares during the period. Franklin Resources Inc. boosted its stake in Anadarko Petroleum by 13.1% in the 4th quarter. Franklin Resources Inc. now owns 14,853,841 shares of the oil and gas development company’s stock valued at $796,760,000 after purchasing an additional 1,723,576 shares during the period. Virtus Fund Advisers LLC boosted its stake in Anadarko Petroleum by 2,503.4% in the 4th quarter. Virtus Fund Advisers LLC now owns 1,155,716 shares of the oil and gas development company’s stock valued at $61,993,000 after purchasing an additional 1,111,324 shares during the period. Mackenzie Financial Corp bought a new stake in Anadarko Petroleum in the 4th quarter valued at $55,469,000. Finally, AGF Investments Inc. boosted its stake in Anadarko Petroleum by 1,887.4% in the 1st quarter. AGF Investments Inc. now owns 976,622 shares of the oil and gas development company’s stock valued at $58,998,000 after purchasing an additional 927,481 shares during the period. Institutional investors and hedge funds own 91.33% of the company’s stock.
Shares of APC stock opened at $70.57 on Friday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.17 and a current ratio of 1.17. Anadarko Petroleum has a twelve month low of $39.96 and a twelve month high of $71.65.
Anadarko Petroleum (NYSE:APC) last announced its quarterly earnings data on Tuesday, May 1st. The oil and gas development company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.09. Anadarko Petroleum had a negative return on equity of 3.44% and a negative net margin of 0.15%. The business had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $3.14 billion. During the same period in the prior year, the company earned ($0.60) EPS. Anadarko Petroleum’s revenue for the quarter was down 19.2% on a year-over-year basis. equities analysts expect that Anadarko Petroleum will post 2.54 EPS for the current year.
Anadarko Petroleum announced that its Board of Directors has authorized a stock repurchase program 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 purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, June 12th. This represents a $1.00 annualized dividend and a dividend yield of 1.42%. Anadarko Petroleum’s dividend payout ratio is currently -51.02%.
A number of analysts have recently weighed in on APC shares. Credit Suisse Group set a $71.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research report on Tuesday, January 23rd. They noted that the move was a valuation call. Stifel Nicolaus reiterated a “buy” rating and set a $76.00 target price (up from $73.00) on shares of Anadarko Petroleum in a research report on Wednesday, February 7th. Zacks Investment Research upgraded Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research report on Wednesday, February 14th. Piper Jaffray set a $72.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research report on Sunday, February 11th. Finally, Jefferies Group reiterated a “buy” rating and set a $78.00 target price on shares of Anadarko Petroleum in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $67.60.
Anadarko Petroleum Profile
Anadarko Petroleum Corporation engages in the exploration, development, production, and marketing of oil and gas properties. 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).
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