DnB Asset Management AS decreased its position in Anadarko Petroleum Co. (NYSE:APC) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,000,997 shares of the oil and gas development company’s stock after selling 104,000 shares during the quarter. Anadarko Petroleum makes up 1.3% of DnB Asset Management AS’s portfolio, making the stock its 19th biggest holding. DnB Asset Management AS owned 0.37% of Anadarko Petroleum worth $107,333,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of APC. Optimum Investment Advisors raised its stake in shares of 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 buying an additional 100 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in Anadarko Petroleum by 3.7% during the 2nd quarter. Sheaff Brock Investment Advisors LLC now owns 5,656 shares of the oil and gas development company’s stock valued at $256,000 after purchasing an additional 200 shares during the period. Stonebridge Capital Advisors LLC raised its stake in Anadarko Petroleum by 0.8% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 24,849 shares of the oil and gas development company’s stock valued at $1,127,000 after purchasing an additional 200 shares during the period. YorkBridge Wealth Partners LLC raised its stake in Anadarko Petroleum by 12.5% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,606 shares of the oil and gas development company’s stock valued at $166,000 after purchasing an additional 402 shares during the period. Finally, Advisory Services Network LLC raised its stake in Anadarko Petroleum by 24.0% during the 2nd quarter. Advisory Services Network LLC now owns 4,812 shares of the oil and gas development company’s stock valued at $218,000 after purchasing an additional 932 shares during the period. 87.86% of the stock is currently owned by institutional investors.
Shares of Anadarko Petroleum Co. (APC) traded up $1.30 during trading on Thursday, hitting $61.37. The stock had a trading volume of 4,610,000 shares, compared to its average volume of 5,270,000. The stock has a market cap of $33,580.00, a PE ratio of -17.34 and a beta of 1.38. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.11. Anadarko Petroleum Co. has a 12-month low of $39.96 and a 12-month high of $71.25.
Anadarko Petroleum (NYSE:APC) last announced its earnings results on Tuesday, October 31st. The oil and gas development company reported ($0.77) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). The company 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%. Anadarko Petroleum’s revenue for the quarter was up 31.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.89) EPS. equities analysts expect that Anadarko Petroleum Co. will post -2.15 EPS for the current year.
Several analysts recently issued reports on the company. Morgan Stanley set a $55.00 target price on Anadarko Petroleum and gave the company a “hold” rating in a research note on Wednesday, October 18th. Stifel Nicolaus set a $73.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday. Cowen set a $60.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Monday, October 16th. Scotiabank reissued a “buy” rating and set a $62.00 target price on shares of Anadarko Petroleum in a research note on Wednesday, November 1st. Finally, 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. Three analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.52.
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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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