First American Trust FSB acquired a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 61,974 shares of the oil and gas development company’s stock, valued at approximately $3,324,000.
Several other hedge funds also recently bought and sold shares of APC. Fis Group Inc. purchased a new position in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Stelac Advisory Services LLC purchased a new position in shares of Anadarko Petroleum during the 3rd quarter valued at about $107,000. Steward Partners Investment Advisory LLC purchased a new position in shares of Anadarko Petroleum during the 3rd quarter valued at about $116,000. FNY Partners Fund LP lifted its position in shares of Anadarko Petroleum by 2,900.0% during the 2nd quarter. FNY Partners Fund LP now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,900 shares in the last quarter. Finally, Sun Life Financial INC lifted its position in shares of Anadarko Petroleum by 1,363.4% during the 2nd quarter. Sun Life Financial INC now owns 3,000 shares of the oil and gas development company’s stock valued at $136,000 after buying an additional 2,795 shares in the last quarter. 87.86% of the stock is currently owned by hedge funds and other institutional investors.
Anadarko Petroleum Co. (NYSE APC) traded down $2.26 during trading hours on Friday, reaching $59.11. The company’s stock had a trading volume of 8,774,170 shares, compared to its average volume of 5,468,890. 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 1-year low of $39.96 and a 1-year high of $70.87. The company has a market cap of $32,740.00, a P/E ratio of -16.70, a price-to-earnings-growth ratio of 934.11 and a beta of 1.42.
Anadarko Petroleum (NYSE:APC) last released its quarterly earnings data on Tuesday, October 31st. The oil and gas development company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.56) by ($0.21). Anadarko Petroleum had a negative return on equity of 9.82% and a negative net margin of 17.13%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the firm earned ($0.89) EPS. The business’s revenue was up 31.9% compared to the same quarter last year. equities research analysts expect that Anadarko Petroleum Co. will post -2.13 EPS for the current fiscal year.
A number of research firms have recently weighed in on APC. Stifel Nicolaus set a $73.00 price objective on Anadarko Petroleum and gave the company a “buy” rating in a research report on Monday. Morgan Stanley lifted their price objective on Anadarko Petroleum from $55.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Credit Suisse Group set a $71.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Tuesday, January 23rd. They noted that the move was a valuation call. Cowen set a $70.00 target price on Anadarko Petroleum and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $64.00 target price on shares of Anadarko Petroleum in a research note on Tuesday, January 9th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nineteen have issued a buy rating to the stock. Anadarko Petroleum currently has a consensus rating of “Buy” and an average price target of $66.52.
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Anadarko Petroleum Company 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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