First American Trust FSB Buys New Stake in Anadarko Petroleum Co. (APC)

First American Trust FSB bought a new position in Anadarko Petroleum Co. (NYSE:APC) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 61,974 shares of the oil and gas development company’s stock, valued at approximately $3,324,000.

A number of other large investors also recently made changes to their positions in the stock. Optimum Investment Advisors grew its position in Anadarko Petroleum by 0.9% in the second quarter. Optimum Investment Advisors now owns 11,541 shares of the oil and gas development company’s stock worth $523,000 after acquiring an additional 100 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in Anadarko Petroleum by 3.7% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 5,656 shares of the oil and gas development company’s stock worth $256,000 after acquiring an additional 200 shares in the last quarter. Stonebridge Capital Advisors LLC grew its position in Anadarko Petroleum by 0.8% in the second quarter. Stonebridge Capital Advisors LLC now owns 24,849 shares of the oil and gas development company’s stock worth $1,127,000 after acquiring an additional 200 shares in the last quarter. YorkBridge Wealth Partners LLC grew its position in Anadarko Petroleum by 12.5% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after acquiring an additional 402 shares in the last quarter. Finally, Advisory Services Network LLC grew its position in Anadarko Petroleum by 24.0% in the second quarter. Advisory Services Network LLC now owns 4,812 shares of the oil and gas development company’s stock worth $218,000 after acquiring an additional 932 shares in the last quarter. Institutional investors own 87.77% of the company’s stock.

APC has been the subject of several research reports. Cowen reiterated a “buy” rating and issued a $60.00 target price on shares of Anadarko Petroleum in a research report on Sunday, September 17th. Scotiabank reiterated a “buy” rating and issued a $64.00 target price on shares of Anadarko Petroleum in a research report on Friday, September 22nd. Mitsubishi UFJ Financial Group reiterated a “buy” rating and issued a $66.00 target price on shares of Anadarko Petroleum in a research report on Thursday, September 21st. Stifel Nicolaus reissued a “buy” rating and issued a $77.00 price target (up from $76.00) on shares of Anadarko Petroleum in a research note on Monday, September 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $62.00 price target on shares of Anadarko Petroleum in a research note on Friday, September 29th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have assigned a buy rating to the stock. Anadarko Petroleum currently has an average rating of “Buy” and a consensus target price of $65.00.

Shares of Anadarko Petroleum Co. (APC) opened at $55.41 on Thursday. The firm has a market cap of $30,320.00, a price-to-earnings ratio of -15.65 and a beta of 1.38. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.03 and a quick ratio of 2.03. Anadarko Petroleum Co. has a one year low of $39.96 and a one year high of $72.32.

Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the consensus estimate of ($0.56) by ($0.21). The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.52 billion. Anadarko Petroleum had a negative net margin of 17.13% and a negative return on equity of 9.82%. The business’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the company posted ($0.89) earnings per share. equities analysts anticipate that Anadarko Petroleum Co. will post -2.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 27th. Stockholders of record on Wednesday, December 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Tuesday, December 12th. Anadarko Petroleum’s dividend payout ratio (DPR) is -5.65%.

Anadarko Petroleum declared that its Board of Directors has approved a stock repurchase plan on Wednesday, September 20th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the oil and gas development company to purchase up to 10% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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

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