Cobiz Wealth LLC lowered its position in Anadarko Petroleum Co. (NYSE:APC) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,516 shares of the oil and gas development company’s stock after selling 2,269 shares during the quarter. Cobiz Wealth LLC’s holdings in Anadarko Petroleum were worth $3,353,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of the stock. State Street Corp raised its position in Anadarko Petroleum by 0.8% in the second quarter. State Street Corp now owns 28,641,263 shares of the oil and gas development company’s stock valued at $1,298,599,000 after purchasing an additional 218,628 shares during the period. JPMorgan Chase & Co. raised its position in Anadarko Petroleum by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 10,257,355 shares of the oil and gas development company’s stock valued at $501,380,000 after purchasing an additional 619,056 shares during the period. Janus Henderson Group PLC raised its position in Anadarko Petroleum by 5,465.5% in the second quarter. Janus Henderson Group PLC now owns 4,182,014 shares of the oil and gas development company’s stock valued at $189,613,000 after purchasing an additional 4,106,872 shares during the period. Boston Partners raised its position in Anadarko Petroleum by 311.0% in the third quarter. Boston Partners now owns 3,651,098 shares of the oil and gas development company’s stock valued at $178,356,000 after purchasing an additional 2,762,834 shares during the period. Finally, Legal & General Group Plc raised its position in Anadarko Petroleum by 1.3% in the third quarter. Legal & General Group Plc now owns 2,739,511 shares of the oil and gas development company’s stock valued at $133,823,000 after purchasing an additional 34,561 shares during the period. Hedge funds and other institutional investors own 87.82% of the company’s stock.
Anadarko Petroleum Co. (NYSE APC) opened at $59.78 on Thursday. The company has a quick ratio of 2.03, a current ratio of 1.73 and a debt-to-equity ratio of 0.87. Anadarko Petroleum Co. has a 52 week low of $39.96 and a 52 week high of $68.41. The company has a market capitalization of $32,710.00, a P/E ratio of -75.67, a price-to-earnings-growth ratio of 8.89 and a beta of 1.42.
Anadarko Petroleum (NYSE:APC) last issued its earnings results on Tuesday, February 6th. The oil and gas development company reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.15. Anadarko Petroleum had a negative return on equity of 7.48% and a negative net margin of 3.83%. The company had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.90 billion. During the same period in the previous year, the firm posted ($0.50) earnings per share. Anadarko Petroleum’s quarterly revenue was up 22.7% compared to the same quarter last year. equities research analysts predict that Anadarko Petroleum Co. will post 0.65 EPS for the current year.
Anadarko Petroleum declared that its Board of Directors has approved a share buyback plan on Wednesday, February 7th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the oil and gas development company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 14th will be paid a $0.25 dividend. This is an increase from Anadarko Petroleum’s previous quarterly dividend of $0.05. This represents a $1.00 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Tuesday, March 13th. Anadarko Petroleum’s payout ratio is presently -25.32%.
Several research firms have commented on APC. Zacks Investment Research raised Anadarko Petroleum from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a research report on Wednesday. Piper Jaffray Companies set a $72.00 target price on Anadarko Petroleum and gave the stock a “buy” rating in a research report on Sunday. TheStreet raised Anadarko Petroleum from a “d+” rating to a “c” rating in a research report on Tuesday, February 6th. BMO Capital Markets lifted their target price on Anadarko Petroleum from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, February 8th. Finally, Macquarie raised Anadarko Petroleum from a “neutral” rating to an “outperform” rating and set a $70.00 target price on the stock in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and twenty have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $68.19.
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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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