Hexavest Inc. bought a new stake in shares of Anadarko Petroleum Co. (NYSE:APC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 656,081 shares of the oil and gas development company’s stock, valued at approximately $35,192,000. Hexavest Inc. owned approximately 0.12% of Anadarko Petroleum as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in APC. Fis Group Inc. purchased a new stake in Anadarko Petroleum in the 3rd quarter worth $107,000. Stelac Advisory Services LLC purchased a new stake in Anadarko Petroleum in the 3rd quarter worth $107,000. Steward Partners Investment Advisory LLC purchased a new stake in Anadarko Petroleum in the 3rd quarter worth $116,000. Sun Life Financial INC lifted its stake in 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 purchasing an additional 2,795 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its stake in 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. Institutional investors own 87.86% of the company’s stock.
APC has been the topic of several research analyst reports. Jefferies Group reiterated a “buy” rating and issued a $57.00 price target on shares of Anadarko Petroleum in a research note on Tuesday, October 10th. BMO Capital Markets set a $50.00 target price on shares of Anadarko Petroleum and gave the stock a “hold” rating in a report on Tuesday, October 10th. Barclays boosted their target price on shares of Anadarko Petroleum from $35.00 to $37.00 and gave the stock an “underweight” rating in a report on Wednesday, October 11th. Citigroup reduced their target price on shares of Anadarko Petroleum from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Friday, October 13th. Finally, Wolfe Research downgraded shares of Anadarko Petroleum from an “outperform” rating to a “market perform” rating in a report on Monday, October 16th. 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 company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $66.52.
Anadarko Petroleum Co. (APC) traded down $2.26 during trading on Friday, reaching $59.11. 8,637,891 shares of the company’s stock traded hands, compared to its average volume of 5,370,000. Anadarko Petroleum Co. has a 12 month low of $39.96 and a 12 month high of $70.87. The stock has a market cap of $32,340.00, a PE ratio of -16.70, a price-to-earnings-growth ratio of 919.48 and a beta of 1.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.03 and a current ratio of 2.03.
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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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