E&G Advisors LP cut its holdings in Anadarko Petroleum Co. (NYSE:APC) by 25.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,902 shares of the oil and gas development company’s stock after selling 4,415 shares during the period. E&G Advisors LP’s holdings in Anadarko Petroleum were worth $692,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of APC. Fis Group Inc. acquired a new stake in shares of Anadarko Petroleum in the 3rd quarter worth approximately $107,000. Stelac Advisory Services LLC acquired a new stake in shares of Anadarko Petroleum in the 3rd quarter worth approximately $107,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Anadarko Petroleum in the 3rd quarter worth approximately $116,000. Sun Life Financial INC lifted its stake in shares of Anadarko Petroleum by 1,363.4% in the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock worth $136,000 after acquiring an additional 2,795 shares during the period. Finally, YorkBridge Wealth Partners LLC raised its holdings in shares of Anadarko Petroleum by 12.5% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock worth $166,000 after purchasing an additional 402 shares in the last quarter. 87.81% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently commented on APC. Credit Suisse Group set a $71.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Cowen set a $70.00 price target on shares of Anadarko Petroleum and gave the company a “buy” rating in a report on Thursday, January 18th. Piper Jaffray Companies restated a “buy” rating and set a $64.00 price target on shares of Anadarko Petroleum in a report on Tuesday, January 9th. Citigroup downgraded shares of Anadarko Petroleum from a “buy” rating to a “neutral” rating and set a $60.00 target price for the company. in a research report on Wednesday, January 3rd. Finally, Jefferies Group set a $61.00 target price on shares of Anadarko Petroleum and gave the stock a “buy” rating in a research report on Wednesday, December 20th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have assigned a buy rating to the company’s stock. Anadarko Petroleum presently has a consensus rating of “Buy” and an average target price of $65.95.
Anadarko Petroleum Co. (NYSE:APC) traded up $0.22 during trading on Tuesday, reaching $60.94. The company had a trading volume of 6,334,621 shares, compared to its average volume of 5,336,040. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $33,340.00, a PE ratio of -17.21 and a beta of 1.38. Anadarko Petroleum Co. has a 12 month low of $39.96 and a 12 month high of $71.97.
Anadarko Petroleum (NYSE:APC) last issued its quarterly earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.21). The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The company’s quarterly revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.89) earnings per share. equities research analysts anticipate that Anadarko Petroleum Co. will post -2.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 27th. Shareholders of record on Wednesday, December 13th were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, December 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.33%. Anadarko Petroleum’s dividend payout ratio is currently -5.65%.
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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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