Adams Asset Advisors LLC reduced its position in Anadarko Petroleum Co. (NYSE:APC) by 19.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,115 shares of the oil and gas development company’s stock after selling 2,750 shares during the quarter. Adams Asset Advisors LLC’s holdings in Anadarko Petroleum were worth $596,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Reinhart Partners Inc. bought a new position in shares of Anadarko Petroleum in the third quarter valued at approximately $345,000. Virtu KCG Holdings LLC lifted its position in Anadarko Petroleum by 34.5% during the second quarter. Virtu KCG Holdings LLC now owns 109,782 shares of the oil and gas development company’s stock valued at $4,978,000 after purchasing an additional 28,135 shares during the last quarter. Artemis Investment Management LLP lifted its position in Anadarko Petroleum by 15.6% during the third quarter. Artemis Investment Management LLP now owns 42,281 shares of the oil and gas development company’s stock valued at $2,066,000 after purchasing an additional 5,716 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Anadarko Petroleum by 2.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,582,421 shares of the oil and gas development company’s stock valued at $126,152,000 after purchasing an additional 63,165 shares during the last quarter. Finally, Adams Natural Resources Fund Inc. bought a new stake in Anadarko Petroleum during the third quarter valued at approximately $8,358,000. Institutional investors own 87.86% of the company’s stock.
Anadarko Petroleum Co. (NYSE:APC) opened at $59.11 on Friday. The company has a market cap of $33,579.07, a P/E ratio of -16.65, a price-to-earnings-growth ratio of 954.65 and a beta of 1.42. Anadarko Petroleum Co. has a one year low of $39.96 and a one year high of $70.87. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.
Anadarko Petroleum (NYSE:APC) last posted its quarterly earnings results 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 business had revenue of $2.50 billion for 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 revenue was up 31.9% compared to the same quarter last year. During the same period last year, the business posted ($0.89) earnings per share. sell-side analysts predict that Anadarko Petroleum Co. will post -2.13 EPS for the current fiscal year.
APC has been the subject of several research analyst reports. Stifel Nicolaus dropped their target price on shares of Anadarko Petroleum from $73.00 to $72.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Barclays lifted their target price on shares of Anadarko Petroleum from $35.00 to $37.00 and gave the company an “underweight” rating in a research report on Wednesday, October 11th. Seaport Global Securities upgraded shares of Anadarko Petroleum from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 19th. Credit Suisse Group initiated coverage on shares of Anadarko Petroleum in a research report on Monday, December 11th. They set an “outperform” rating and a $61.00 target price for the company. Finally, BMO Capital Markets set a $50.00 target price on shares of Anadarko Petroleum and gave the company a “hold” rating in a research report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and nineteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target 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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