Sumitomo Life Insurance Co. Acquires 24,793 Shares of Anadarko Petroleum Co. (APC)

Sumitomo Life Insurance Co. lifted its holdings in Anadarko Petroleum Co. (NYSE:APC) by 157.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,572 shares of the oil and gas development company’s stock after purchasing an additional 24,793 shares during the quarter. Sumitomo Life Insurance Co.’s holdings in Anadarko Petroleum were worth $1,845,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of APC. Claybrook Capital LLC bought a new stake in Anadarko Petroleum in the fourth quarter worth $29,000. Shine Investment Advisory Services Inc. lifted its position in Anadarko Petroleum by 35.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 675 shares of the oil and gas development company’s stock worth $31,000 after buying an additional 175 shares during the last quarter. We Are One Seven LLC bought a new stake in Anadarko Petroleum in the fourth quarter worth $41,000. Legacy Bridge LLC bought a new stake in Anadarko Petroleum in the fourth quarter worth $43,000. Finally, Lindbrook Capital LLC bought a new stake in Anadarko Petroleum in the fourth quarter worth $43,000. 87.06% of the stock is owned by hedge funds and other institutional investors.

NYSE:APC opened at $64.34 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.41. The firm has a market cap of $31.10 billion, a PE ratio of 28.47, a price-to-earnings-growth ratio of 2.59 and a beta of 1.55. Anadarko Petroleum Co. has a twelve month low of $40.40 and a twelve month high of $76.70.

Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, February 5th. The oil and gas development company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.19). The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.47 billion. Anadarko Petroleum had a net margin of 4.60% and a return on equity of 10.14%. The business’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, sell-side analysts anticipate that Anadarko Petroleum Co. will post 1.98 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.87%. Anadarko Petroleum’s payout ratio is currently 53.10%.

A number of analysts recently issued reports on APC shares. Capital One Financial downgraded Anadarko Petroleum from an “overweight” rating to an “equal weight” rating in a research report on Thursday, December 20th. Societe Generale downgraded Anadarko Petroleum from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Mitsubishi UFJ Financial Group decreased their target price on Anadarko Petroleum to $70.00 in a research report on Thursday, February 7th. Credit Suisse Group decreased their target price on Anadarko Petroleum from $73.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, February 6th. Finally, SunTrust Banks set a $55.00 target price on Anadarko Petroleum and gave the stock a “hold” rating in a research report on Tuesday, January 29th. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $73.37.

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About Anadarko Petroleum

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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Institutional Ownership by Quarter for Anadarko Petroleum (NYSE:APC)

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